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Free Sample INCOME STATEMENT - Blank Template
An Income Statement is also know as profit and loss statement (P&L), earnings statement, statement of financial performance, statement of operations and operating statement.
The income statement is a written financial report that indicates the company's money received during a certain period of time (usually a fiscal quarter or a year, but it can be from a single day to several years), also its costs and expenses incurred during that period.
The result of this income minus expenses is known as BOTTOM LINE or NET INCOME.
A profit and loss income statement is an important tool to determine the financial health of a company and for individuals with large amounts of money invested in the company to monitor its performance and unusual expenditures.
The company or small business income statement should:
Serve as an accurate representation of the company;
Assess how risky some investment could potentially be;
Show where the business may be headed financially;
Examine overall performance in the past;
be used to predict trends.
SAMPLE INCOME STATEMENT
Date ___/___/___
Total Sales (excluding sales taxes) - Month:______________________________________ or for dates submitted between ____________________ and ________________________
Cost of goods sold..........................................(________________) Services .......................................................(________________) Interest returns on investments......................(________________) Rent revenues...............................................(________________) Other ...........................................................(________________)
Salaries .......................................................(________________) Payroll Taxes.................................................(________________) Advertising and promotion..............................(________________) Auto and Travel.............................................(________________) Supplies........................................................(________________) Telephone and Utilities....................................(________________) Entertainment................................................(________________) Legal Services................................................(________________) Other............................................................(________________) Total Operating Expenses............................................................(________________)
Income Statement Fixed Expenses
Depreciation..................................................(________________) Write-offs......................................................(________________) Insurance......................................................(________________) Rent..............................................................(________________) Total Fixed Expenses..................................................................(________________)
TOTAL Expenses........................................................................(________________)
Income Statement NET PROFIT (Before taxes and partner draw) ....(________________)
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