Income Statement Template in Excel

Description
An income statement is used to report the financial performance of a company over a certain accounting period. Their financial performance is assessed by providing a summary of how the business has incurred its expenses and revenues through both non-operating and operating activities. It also displays the net profit or loss that has been incurred over a specific accounting period.

The income statement is also referred to as the profit and loss statement, and is one of the 3 main statements in the 10-k and annual report. Companies that are classed as public companies are obliged to submit these legal documents to the investor public and SEC. The other 2 financial statements are the statement of cash flows and the balance sheet. All 3 documents together provide investors with information regarding the company's financial affairs. Solely the income statement gives an overview of net income and company sales.

Here, the SBA have provided a template for your business' income statement, allowing you to input your own values and save you time.

*Originally shared on SBA website.*