Free Printable Income Statement Template
How Important is an Income Statement for Your Business?
An income statement is a legal document that can show the finance report of a company. The statement itself shows the cash flow of the company, where you will be able to see the flow of the finance of the company, such as the assets, profits, loss, income, and expenses for a certain period (monthly, quarterly, annually). This type of statement is also known as a profit and loss statement, operating statement, or statement of the financial performance of a company. It is a crucial document that a company must have because it has some purposes that will be able to help determine the financial health of the business.
Samples Of Income Statement :
There are some purposes of an income statement, such as to inform the total tax that needs to be paid by the company, to give information about the profit and loss of a company, as a reference for a company’s financial evaluation, estimate the efficiency and productivity of the business, and it could also be used as a reference for the management to take the next steps in improving the business as a whole. This type of statement is usually created by the finance department for the upper-level management, especially for a Profit & Loss meeting. You can download an example of this type of statement report by clicking on the free download link provided at the bottom of this page.
Income Statement Template | Excel – download