You will find this Income statement template useful. Income statement template is added here on this page and free to download. In other words, we can also say that income statement is an accounting scorecard on the financial performance of the business along with basic accounting details such as quantity of sales, expenses incurred and net profit earned by the company during a year. Sometimes income statement also known as profit and loss statement, statement of profit and loss and statement of incomes etc in various countries and states. It is one of the major financial statement of any business or company and plays a vital role in financial reporting procedure. These can be made for different time periods but according to standards and policies of public companies, income statements must be prepared right after a year to highlight financial performance of the company during the last year. Income statements are usually prepared by business owners or general accountant of the company at the end of an accounting year. Income statement can be recognized as a financial statement of the business organization or company that shows its revenues subtracting various costs and expenses over a mentioned period of time. This income statement template is completely free to download and we are sure you will like it a lot when making income statement for personal or professional purpose.
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