Income Statement

What is an Income Statement? Definition, Examples, and How-To income statement

An income statement documents a business' revenue and expenses Along with a balance sheet, cash flow

income statement The layout of an income statement is simple to follow Sales start at the top, expenses and other costs are subtracted as you go down the column and the bottom Subtract the selling and administrative expenses total from the gross margin Doing this will give you the amount of pre-tax operating income  The income statement gives you a snapshot view of your business's financial performance and profitability Download our free income statement template

humor Income statement An income statement is a financial report that shows how much your business has spent and earned over a specified time It also