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https://www.smartsheet.com/try-it?trp=11302&utm_source=integrated+content&utm_campaign=/content/small-business-financial-plan&utm_medium=Small+Business+Income+Statement+google+sheets+11302&lpa=Small+Business+Income+Statement+google+sheets+11302&lx=PFpZZjisDNTS-Ddigi3MyABAgeTPLDIL8TQRu558b7w
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SMALL BUSINESS INCOME STATEMENT TEMPLATE
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COMPANY YEARS ENDING
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 MANAGER COMPLETED BY DATE OF LAST UPDATE
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REVENUE20XX20XX
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Sales Revenue $ 150,000 $ 175,000
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(Less Sales Returns and Allowances) $ - $ -
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Service Revenue $ 50,500 $ 75,000
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Interest Revenue $ - $ -
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Other Revenue $ - $ -
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TOTAL REVENUE $ 200,500 $ 250,000
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EXPENSES20XX20XX
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Advertising $ 500 $ 450
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Bad Debt $ - $ -
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Commissions $ - $ -
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Cost of Goods Sold $ 55,000 $ 75,000
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Depreciation $ - $ -
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Employee Benefits $ - $ -
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Furniture and Equipment $ - $ -
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Insurance $ - $ -
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Interest Expense $ 2,000 $ 2,500
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Maintenance and Repairs $ - $ -
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Office Supplies $ - $ -
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Payroll Taxes $ - $ -
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Rent $ - $ -
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Research and Development $ - $ -
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Salaries and Wages $ 65,000 $ 85,000
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Software $ - $ -
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Travel $ - $ -
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Utilities $ - $ -
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Website and Social Media Promotions $ - $ -
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Other $ - $ -
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TOTAL EXPENSES $ 122,500 $ 162,950
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Net Income before Taxes $ 78,000 $ 87,050
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Income Tax Expense $ 15,600 $ 17,410
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INCOME FROM CONTINUING OPERATIONS $ 62,400 $ 69,640
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NET INCOME $ 62,400 $ 69,640
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