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Income Statement Template - Excel

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Use this tool (also known as a Profit & Loss Statement) to indicate how revenue is transformed into net income. The purpose of this tool is to demonstrate whether the company made or lost money during the period of time being reported.

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									                                                                              Income Statement

                                     Current    Prior   Increase/   Percent
                                                                                Comments
                                     Period    Period   Decrease    Change
Revenue
Gross Sales

Less: Sales Returns and Allowances

Net Sales                              $0        $0

Cost of Goods Sold
Beginning Inventory

Add: Purchases

Add: Freight-in

Add: Direct Labor

Add: Indirect Expenses

Inventory Available                    $0        $0

Less: Ending Inventory

Cost of Goods Sold                     $0        $0

Gross Profit/Loss                      $0        $0

Expenses
Advertising

Amortization

Bad Debts

Bank Charges

Charitable Contributions

Commissions

Contract Labor

Depreciation

Dues and Subscriptions

Employee Benefit Program

Insurance

Interest

Legal and Professional Fees

Licenses and Fees

Miscellaneous

Office Expense

Payroll Taxes

Postage

Rent

Repairs and Maintenance

Supplies

Telephone

Travel

Utilities

Vehicle Expenses

Wages

Total Expenses                         $0        $0

Net Operating Cost                     $0        $0

Other Income
Gain (Loss) on Sale of Assets

Interest Income

Other Income                           $0        $0

Net Income
Net Income (Loss) before Taxes         $0        $0

Taxes on Income

Net Income (Loss) after Taxes          $0        $0

								
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