Income Statement Excel Model Template
Originally published: 12/06/2018 16:00
Last version published: 16/01/2019 09:16
Publication number: ELQ-65030-3
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Income Statement Excel Model Template

Excel model for income/profit and loss statement

The Income Statement is one of a company’s core financial statements that shows their profit and loss over a period of time. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non-operating activities.

This is a detailed Excel model that will help you to construct a thorough income statement for your business.

This income statement template includes 4 tabs, that will allow you to see how the model works, and then construct your own income statement. These tabs are:

- Income Statement (Monthly)
- Income Statement (Annual)
- Income Statement (Monthly - Blank)
- Income Statement (Annual - Blank)

As such, you can see how the model works before making your own monthly and yearly income statements.

Using this model will give you the opportunity to calculate the following outputs:

- Total Net Revenue
- Gross Profit
- Total Expenses
- Earnings Before Interest and Taxes
- Earnings Before Taxes
- Net Earnings

Using this model wilml therefore allow you to construct a detailed financial analysis of your business' performance. This can be done on either a monthly or yearly basis.

The annual statement covers a period of up to 5 years, allowing you to create an extensive financial overview and track your progress.

This Best Practice includes
1 Excel Spreadsheet

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