Income Statement Template
SingleStep[Company Name]Income StatementFor the Years Ending
[Dec 31, 2014 and Dec 31, 2013]Income Statement Template 2008-2014
Vertex42 LLCRevenue20142013Sales revenue110,00095,000(Less sales
returns and allowances)Service revenue70,00062,000Interest
revenueOther revenueTotal
Revenues180,000157,000[42][42]ExpensesAdvertising1,0001,000Bad
debtCommissionsCost of goods sold65,00063,000DepreciationEmployee
benefitsFurniture and equipment8,000InsuranceInterest
expense4,2005,200Maintenance and repairsOffice suppliesPayroll
taxesRentResearch and developmentSalaries and
wages55,00055,000SoftwareTravelUtilitiesWeb hosting and
domainsOther17,460Total Expenses142,660132,200
Net Income Before Taxes37,34024,800Income tax
expense14,9369,920
Income from Continuing
Operations22,40414,880{42}[42]Below-the-Line ItemsIncome from
discontinued operationsEffect of accounting changesExtraordinary
items
Net Income22,40414,880
MultiStep[Company Name]Income StatementFor the Years Ending [Dec
31, 2014 and Dec 31, 2013]Income Statement Template 2008-2014
Vertex42 LLCRevenue20142013Gross sales181,683(Less sales returns
and allowances)(10,000)Net Sales171,6830.0
Cost of Goods SoldBeginning inventoryGoods purchased or
manufactured130,028Total Goods Available130,0280.0(Less ending
inventory)Cost of Goods Sold130,0280.0
Gross Profit (Loss)41,6550.0
[42]ExpensesAdvertisingBad
debtCommissionsDepreciation16,616Employee benefitsFurniture and
equipmentInsuranceMaintenance and repairsOffice suppliesPayroll
taxesRentResearch and developmentSalaries and
wagesSoftwareTravelUtilitiesWeb hosting and domainsOther16,192Total
Operating Expenses32,8080.0
Operating Income (Loss)8,8470.0Non-operating revenues, expenses,
gains, losses12,762(Less interest expense)(6,113)Income Before
Taxes15,4960.0(Less income tax expense)(1,069)Income From
Continuing Operations14,4270.0{42}[42]Below-the-Line ItemsIncome
from discontinued operationsExtraordinary itemsCumulative effect of
accounting changes
Net Income14,4270.0
Income Statement Template
By
Vertex42.comhttp://www.vertex42.com/ExcelTemplates/income-statement.html
2008-2014 Vertex42 LLC
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