10+ Formal Income Statement Excel Templates

If you are a part of a business, company, or organization, you must be aware of the income statement and its importance for a business life. A financial report, which determines the net profit or loss along with other details like gross profit/loss, total cost of the goods sold, and net operating expenses is named as an income statement or statement of profit or loss. It specifically reports a company’s monetary performance over a particular accounting period, usually a year. It helps businessmen to know what a company or business has performed and produced over each fiscal year. It is also identified by other names like profit or loss accounts, revenue statements, and statements of financial performance or operations.

It is one of the three extensive financial statements prepared before the balance sheet. All public corporations necessarily have to submit these legal documents to the (SEC) Security and Exchange Commission and the investment public of their country. Since the statement has its specific format, businesses often use an income statement template to prepare this report. In this regard, some professional and easy-to-customize Income statement templates have been added at the bottom of this page for users, who either are going to create this report for the first time or the ones who don’t know how to format this report.

Additionally, this report plays a vital role in business development and indicates how the incomes have been transformed into net income or loss. The major purpose of such a report is to show investors and managers whether the company created money or loss throughout the time period being reported. If you are a part of a business and need to create a financial report for it then feel free to scroll the page to consider our income statement templates, which are sufficient to make your work easier. Edge forward and download any of the templates given below.