An income statement, also known as a profit and loss statement, is a financial statement that summarizes a company's revenues and expenses during a specified period of time. This template allows a manufacturing company to record current operating performance and compare it to projected performance levels for a future period of time. Companies should try to analyze market and economic trends in order to most accurately predict future profitability levels. This document is similar to the Income Statement Pro Forma but this statement only projects one future period as opposed to five future years. An income statement allows managers to see a company's net income (the bottom line) once costs, expenses, and taxes have been taken out of revenues (top line).
[COMPANY NAME] Income Statement Forecast [Date] Current Forecast [Date] [Date] REVENUES Operating Income $ - $ - Equipment Rental Income - - Freight Income - - Proceeds from Sale of Assets - - Interest Income - - - - COST OF SALES Direct Labor - - Subcontractor - - Sales Commissions - - Inventory Sold - - Freight and Shipping Costs - - Warehousing and Storage Costs - - Equipment Rental - - - - GROSS PROFIT (LOSS) - - GENERAL & ADMINISTRATIVE EXPENSES Advertising and Promotion - - Automobile Expense - - Bank Service Charges - - Business Licenses and Permits - - Charitable Contributions - - Computer and Internet Expenses - - Continuing Education - - Depreciation Expense - - Dues and Subscriptions - - Foreign Exchange Gain/ Loss - - Insurance Expense - - Interest Expense - - Meals and Entertainment - - Miscellaneous Expense - - Networking/ Bus. Development - - Office Supplies - - Payroll Expenses - - Postage and Delivery - - Printing and Reproduction - - Professional Services (Legal, Accounting) - - Property Tax - - Rent Expense - - Repairs and Maintenance - - Telephone Expense - - Travel Expense - - Utilities - - Website Development - - - - NET INCOME (LOSS) - -
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