10+ First Class Excel Monthly Income Statement Template

Income Statement Formula Table of Contents Income Statement Formula.

Excel monthly income statement template. The template calculates Net Sales Gross Profit and Net Income. Companies keep track their income and expenses with projected income statement template for a certain period depending on the scale of business eg. Along with the balance sheet and the cash flow statement the income statement is one of the three basic financial statements.

No balance sheet statement is complete in my opinion without an income statement to go along with it. This spreadsheet can record income from up to four different products or services so can be used in a variety of areas. This income statement template was designed for the small-business owner and contains two example income statements each on a separate worksheet tab see the screenshotsThe first is a simple single-step income statement with all revenues and expenses lumped together.

Income Statement in Excel PDF How to Write an Income Statement. The primary sheet is Income and expenditure template sheet that records the income expenditure savings information of a human being on a monthly base. The Income and expenditure report template assists in tracking handling calculating your individual income expenses savings.

Whatever is the scale of business what matters is how much profit it gives at the end of the day. It should be prepared at regular intervals usually monthly and at financial year end to show the results of operations for a given period. They may also be due to changes in income such as net income for the given accounting period or revaluation of fixed assets to name a few.

Enter your monthly revenue and expense figures and the template will auto populate all calculated fields. Alternatively a personal monthly income statement can be generated as well however there are certain adjustments that must be made. All excel templates are free to download and use.

Excel template statement of financial position. For restaurants which have slightly different sales and expenses to other businesses please see the specific restaurant profit and loss statement we have created. Thus you just need to input data and it automatically calculates the net earnings for you.