This income statement template can help you create a financial statement. A profit and loss statement, also referred to as an income statement, shows revenue and expense over a period of one year. Along with the balance sheet and the cash flow statement, the income statement is one of the three basic financial statements. Use this Microsoft excel income statement template to assist in tax preparation or basic financial organization.
Step 1.
Click Download and save the excel document to your desktop.
Step 2.
Open the document from your desktop, and be sure to click “Enable Editing” if prompted.
Step 3.
Fill out the Profit and Loss. You can use monthly financial statements (bank, credit card, credit union) associated with the business you’re preparing the profit and loss for.
Step 4.
Now that you’re finished with the profit and loss statement and feel confident in it’s accuracy you’ll need to prepare your taxes or provide it to your tax preparer.
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