Also known as a profit and loss statement, an income statement is a form you fill out to identify sources of revenue, expenses, and the net income that results from them. If you work in the finance department of your company, you will find an income statement template useful. You can also use a template of this kind if you run a small business or even if you want to track personal expenses. See several options you have below.
1. Simple Income Statement Template
If you want to pinpoint the three main categories regarding income, you should download a simple template. Here, you can monitor revenues, expenses, and net income, without going into too much detail. Make sure you mention the period of the statement at the top right.
2. Monthly Income Statement Template
In other situations, your job might require you to record income on a monthly basis. For this case, we recommend a statement template that you can print, copy, and fill out for every month of the year. It also contains detailed information such as manufacturing costs, gross margin or gross profit.
3. Quarterly Income Statement Template
Alternatively, choose an income statement format for quarterly monitoring. You can clearly identify revenue and expenses for all four quarters of the year. In addition, you benefit from a broad view of the total amounts with the last column to the right.
4. Annual Income Statement Template
On the other hand, some companies and individuals prefer an annual view of their net income. By using the template above, you can observe what revenue, expenses, and net income you dealt with for each month of the year.
5. Personal Income Statement Template
Last but not least, our final template can be used for personal purposes. After you fill out the statement, you will be able to notice how your income was spent during a given period. For keeping track of utilities and payments, you may also want to download a bill organizer.
In conclusion, an income statement template can help you go through revenue and expenses with far more ease. No matter if you’re calculating the net income for a company or personal affairs, a fillable template will aid you in getting the overview you’re looking for. Which income statement format fits your needs the best?