Income Statement Template

You've may have seen a formal income statement for other businesses or have paid your accountant to prepare one for yours. Such statements are invaluable in business planning, and many lenders will request this information.

While you may wish to work with your accountant for formal statements, you can create one yourself by using this Income Statement (Profit and Loss) Worksheet as a starting point. Fill in your income and expenses and the spreadsheet automatically calculates all the subtotals and totals and computes your net income.

The file contains a Microsoft Excel spreadsheet template.

Income Statement Template