Small Business Monthly Income Statement

A monthly income statement includes sections for revenues income cost of goods sold gross profit expenses taxes and net income or net loss.

Small business monthly income statement. Unlike the balance sheet that looks at a particular time period the purpose of an income statement is to see how much a business earned and spent in a specific accounting period. These topics will show you the connection between financial statements and offer a sample balance sheet and income statement for small business. Small business income statement create an income statement that shows revenue and expense over a period of one year with this accessible template. The balance sheet and the income statement are two of the three major financial statements that small businesses prepare to report on their financial performance along with the cash flow statement.

The statement is often used at the end of a business period monthly quarterly or annually. An income statement also known as a profit and loss statement provides detailed information about business revenues and expenses for a particular accounting period. Since this template shows the data on a monthly basis seasonality and month over month trends can be easily analyzed. An income statement otherwise known as a profit and loss statement is a summary of a company s profit or loss during any one given period of time such as a month three months or one year.

Enter your monthly revenue and expense figures and the template will auto populate all calculated fields. 3 kb download in a business you would have to keep a track of profits losses and net income. This income statement has a classic and professional design. The monthly income statement template is designed for a business that requires a more detailed reporting time period or requires a roll up of monthly data into each annual period.

Important to business owners. This free monthly income statement template features all 12 calendar months as well as a year to date total. The template calculates net sales gross profit and net income. A monthly income statement provides the bottom line for a business which is the net income or net loss for the month.