FREE INCOME STATEMENT SAMPLE
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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/earnings 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 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 statement of income 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 ...........................................................(________________)

Gross Profit..............................................................................(________________)

EXPENSES

Income/Earnings Statement Operating Expenses:

Salaries .......................................................(________________)
Payroll Taxes.................................................(________________)
Advertising and promotion..............................(________________)
Auto and Travel.............................................(________________)
Supplies........................................................(________________)
Telephone and Utilities....................................(________________)
Entertainment................................................(________________)
Legal Services................................................(________________)
Other............................................................(________________)
Total Operating Expenses............................................................(________________)

Income/Earnings Statement Fixed Expenses

Depreciation..................................................(________________)
Write-offs......................................................(________________)
Insurance......................................................(________________)
Rent..............................................................(________________)
Total Fixed Expenses..................................................................(________________)

TOTAL Expenses........................................................................(________________)

Income/Earnings Statement NET PROFIT (Before taxes & partner draw) ..(_____________)


WHAT IS A CASH FLOW STATEMENT?

A Cash Flow Statement or Funds Flow Statement is a document that provides information about a company’s cash inflows (where that money comes from) and outflows (how a company spends its money) over a specified period of time. It is a resource for testing a company’s liquidity when the Statement of Income shows the company’s profitability.

Net Income

  • + Depreciation expense
  • + Losses
  • - Gains
  • - Increases in current assets
  • + Decreases in current assets
  • + Increases in current liabilities
  • - Decreases in current liabilities

  • = Cash flows from operating activities

Sample Balance Sheet

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