Income statement is one of a company’s core financial statements that shows their profit and loss over a period of time. The profit or loss reflected on an income statement is determined by taking all revenues and subtracting all expenses from both operating and non-operating activities.

This is a detailed Excel model that will help you to construct a thorough income statement for your business. This income statement template includes four worksheets, allowing you to summarize revenue and expense items in different time periods. These worksheets are:
  • Income Statement (Monthly)
  • Income Statement (Annual)
  • Income Statement (Monthly - Blank)
  • Income Statement (Annual - Blank)
  As such, you can see how the model works before making your own monthly and yearly income statements.   income-statement-template-excel1 Screenshot from the model   Using this model will give you the opportunity to calculate the following outputs:
  • Total Net Revenue
  • Gross Profit
  • Total Expenses
  • Earnings Before Interest and Taxes
  • Earnings Before Taxes
  • Net Earnings
  Use this income statement template to construct a detailed financial analysis of your business' performance on either a monthly or annual basis. The monthly statements display the financials for each month within a year, while the annual statements cover a period of up to 5 years, allowing you to create an extensive financial overview and track your progress.
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Nola Stafford

A helpful income statement in Excel with annual and monthly templates

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