Business Financing and Planning - Income Statement (Profit and Loss) Template

Income Statement (Profit and Loss)


Enter the cells with a yellow highlight



		Period:

			Amount	Percent
Revenue:
	Gross Sales
	Less sales returns/allowances
	Less discounts
	Net Sales

Cost of Sales:
	Beginning Inventory
	Plus Purchases or
	Cost of Goods Manufactured
	Total Goods Available
	Less Ending Inventory
	Total Cost of Goods Sold

	Gross Profit (Gross Margin)

Operating Expenses:
	Commissions
	Advertising & Promotion
	Depreciation
	Salaries and Wages
	Employee Benefits
	Insurance
	Utilities




	Total Operating Expenses

	Income from Operations

Other Revenue (Expenses):
	Interest Expenses



	Total Other Income (Expenses)

Income before Taxes

Provision for Income Taxes

Income after Taxes

Extraordinary Items:


	Total extraordinary items
Income tax on extraordinary items

Net Income



Important Profitability and Income Statement Ratios

Net Profit Margin (Return on Sales):
	Net Income / Net Sales	=

Gross Profit Margin:
	Gross Profit / Net Sales	=

Operating Margin:
	Income from Operations / Net Sales	=

Automatic recalculation