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Income Statement: Company's Name End Period

The income statement measures a company's financial performance over a specific accounting period by showing revenues earned and expenses incurred. It assesses performance through operating and non-operating activities, and shows the net profit or loss. The period covered can vary and is chosen by the company. Also called the profit and loss statement, it is important because it shows profitability over the specified time interval.

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Joseph A. Abou Zeid
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103 views4 pages

Income Statement: Company's Name End Period

The income statement measures a company's financial performance over a specific accounting period by showing revenues earned and expenses incurred. It assesses performance through operating and non-operating activities, and shows the net profit or loss. The period covered can vary and is chosen by the company. Also called the profit and loss statement, it is important because it shows profitability over the specified time interval.

Uploaded by

Joseph A. Abou Zeid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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INCOME STATEMENT

Company's name
End Period
Definition
The income statement measures a company's financial performance
over a specific accounting period.
Financial performance is assessed by giving a summary of how the
business incurs its revenues and expenses through both operating and nonoperating activities. It also shows the net profit or loss incurred over a
specific accounting period. The income statement is important because it
shows the profitability of a company during the time interval specified in its
heading. The period of time that the statement covers is chosen by the
business and can vary.
The income statement is sometimes referred to as the profit and loss
statement (P&L), statement of operations, or statement of income.
How to use this tool
This is intended to be a simple and practical tool to be adjusted and used by
SMEs working in all sectors. You may adapt it to reflect your business
needs, type of clientele, products and services you offer. It provides the
minimum information required by financial institutions for assessing loan
applications, tax authorities and potential investors.
Fill in the white cells, totals will be calculated automatically

INCOME STATEMENT
Company's name
End Period
<PERIOD>
Revenue:
Gross Sales
Less: Sales Returns and Allowances
Cost of Goods Sold:
Materials
Other direct expenses
Gross Profit (Loss)

0.00
0.00
0.00
0.00
0.00
0.00
0.00

Other Income:
Discount received
Rental income
Gain (Loss) on Sale of Assets
Interest received
Gross Income

0.00
0.00
0.00
0.00
0.00
0.00

Expenses:
Financial expenses
Bank Charges and commissions
Interest
Personnel expenses
Wages
Payroll Taxes
Other Operational Expenses
Amortization
Insurance
Maintenance & Repairs
Marketing
Miscellaneous
Office Expenses
Permits and Licenses
Rent
Telephone
Travel
Utilities
Vehicle Expenses
Total Operational Expenses

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Net Income (Loss)

0.00

Page 2

SALES CALCULATION
PRODUCTS / SERVICES

UNITS/MONTH

TOTAL

UNIT PRICE

MONTHLY SALES

0.00

0.00

COST OF GOODS SOLD CALCULATION


MATERIALS

UNITS/MONTH

TOTAL

0.00

UNIT PRICE

MONTHLY COSTS

0.00

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