51 Income Statement Examples & Samples

51 Income Statement Examples & Samples


In any business setting, finances will be a big topic. Companies monitor their income performance to determine their losses and gains, and financial consultants and advisors are hired to help them prepare and review financial statements to know their strengths and weaknesses and how they can do better.

It is very important to keep track of a company’s financial status to maintain stability and competitiveness. For the reasons this is helpful for a company, it is also helpful for your personal finance system. These samples of preparing income statements will help you understand and draft an income statement for your company or for yourself.

Accounting Income Statement Examples

Managerial Accounting Income

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Size: 217 KB

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Financial Accounting Statement

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Size: 402 KB

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Accounting Multi-Step Income Sample

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Size: 270 KB

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Annual Income Statements

Employee Annual Income

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Size: 95 KB

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Personal Annual Statement

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Size: 278 KB

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Simple Annual Statement Example

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Size: 226 KB

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The Purpose of Income Statements

An income statement is just one of the many documents included in a financial statement, which also includes other financial reports like the balance sheet and cash flow statement. Also called the profit and loss statement, the income statement focuses on the revenue and losses of the company, basically providing the company an overall view of their gains and losses in a specific period.

This is very important for an organization to know their profitability. It tells them if they have higher expenses than income so it provides them an opportunity to improve.

Money is the fuel to run a business. Having no knowledge on where your money ends up is the same thing as leading your business to its ruins. Preparing a profit and loss statement will allow you to have a hawk’s eye on your company. You will be able to identify if you are losing a lot that gaining. Then you can have a better perspective on how to properly pull the strings to keep your company from falling apart.

Business Income Statements

Small Business Income Statement

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Size: 3 KB

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Start Up Business Income

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Size: 292 KB

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Service Business Statement

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Size: 25 KB

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Consulting Business Income Sample

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Size: 312 KB

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Blank Income Statement Example

Free Blank Income Statement

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Size: 23 KB

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Blank Business Income Example

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Size: 56 KB

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Blank Personal Statement

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Size: 43 KB

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Company Income Statement Samples

Service Company Income Statement

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Size: 311 KB

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Construction Company Statement

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Size: 112 KB

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Insurance Company Income

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Size: 531 KB

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Types of Income Statements

There are two types of income statement: single-step income statement and multi-step income statement.

  • Single-step Income Statement. This statement has two separate fields. The first one is for the revenue (cash inflows) and the other one is for the expense reports (cash outflows). In one step, you calculate the net profit or loss based on the total revenue minus the total expenses. This basic format is also used when creating a sales report.
    • Revenues: Returns from business dealings, market analysis shares, and corporate enterprise, including all the products the company has sold, investment returns, and suppliers’ remittances.
    • Expenses: Anything coming out of the company’s pocket, including but not limited to employee salary and bonuses, office and building lease, working materials, hardware maintenance, utilities, employee training and seminars, and other operating costs.
  • Multiple-step Income Statement. A multi-step income statement has multiple sub-totals. It separates the sub-totals of the operating revenues and operating expenses from the non-operating revenues and non-operating expenses. This more detailed alternative to single-step statements allows identification of specific information.
    • Operating revenue. The revenue from the main operation of the business statement, such as the revenues from a product sales.
    • Non-operating revenue. The non-related sales income or revenue. Examples are revenue from sales of assets, dividend income, office leases etc.
    • Operating expense. The costs to operate the business, such as employee salary and compensations, building lease (if applicable), hardware and software supplies, furniture and other operation equipment, etc. Basically, any expense used for the main operation of the company to write an income statement.
    • Non-operating expense. Includes costs that are not a regular part of the actual operation, such as paid interests on major and minor loans used for the capital, lawsuit settlement fees, discarded inventory charges, etc.

Daycare Income Statements

Home Daycare Income Statement

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Size: 315 KB

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Dog Daycare Income Sample

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Size: 490 KB

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Projection Statement for Daycare

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Size: 92 KB

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Multi-Step Income Statement

Multi-Step Comprehensive Income

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Size: 260 KB

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Company Multi-Step Statement

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Size: 6 KB

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Multi-Step Income Sample Statement

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Size: 94 KB

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Monthly Income Statements

Personal Monthly Income

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Size: 46 KB

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Blank Monthly Income Statement

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Size: 135 KB

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Blank Business Statement Free

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Size: 721 KB

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Manufacturing Income Statements

Manufacturing Company Income Statement

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Size: 12 KB

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Manufacturing Business Statement

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Size: 26 KB

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Manufacturing Pro Forma Income

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Size: 282 KB

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Personal Income Statement Examples

Basic Personal Income Statement

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Size: 92 KB

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Personal Business Income Statement

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Size: 582 KB

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Partnership Income Statements

Partnership Business Income

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Size: 15 KB

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Partnership Company Income Statement

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Size: 11 KB

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Partnership Accounting Statement

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Size: 253 KB

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Difference between Profit and Loss Statement and Income Statement

Some people might really be confused about the difference between a profit and loss statement and an income statement. That is because they have a common denominator: they both talk about revenues and expenses. So how are they different? The answer is in their definition.

  • Income Statement. This is a report writing of a company’s revenue and expenses at a certain period of time. It is devised to track the business’s growth, and determine the operating and non-operating revenues and expenses.
  • Profit and Loss Statement. This is a guide to develop sales objectives and and design competitive prices for the company’s goods and other products. It is an effective marketing report included in real estate statements because it focuses on the goods and the possible returns.

In other words, to read an income statement and a profit and loss statement are different in their function. An income statement has different focuses whereas the profit and loss operates toward one goal.

Real Estate Income Statements

Real Estate Agent Income Sample

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Size: 284 KB

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Real Estate Company Income Sample

Commercial Real Estate Statement

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Size: 65 KB

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Service Income Statements

Service Industry Income Statement

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Size: 60 KB

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Cleaning Service Sample Statement

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Size: 244 KB

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Service Organization Income Example

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Size: 407 KB

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Restaurant Income Statement Samples

Small Restaurant Income Statement

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Size: 98 KB

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Restaurant Monthly Statement

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Size: 1 MB

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Start Up Restaurant Income Example

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Size: 193 KB

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Projected Income Statements

Annual Projected Income Statement

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Size: 69 KB

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Blank Projected Income

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Size: 108 KB

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Business Projected Statement

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Size: 200 KB

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Bakery Income Statement Examples

Bakery Shop Income Statement

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Size: 134 KB

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Small Bakery Income Statement

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Size: 104 KB

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Basic Income Statements

Basic Accounting Income Statement

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Size: 93 KB

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Basic Business Income Example

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Size: 169 KB

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Basic Company Statement

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Size: 8 KB

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Basic Monthly Income Example

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Size: 16 KB

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Tips for Reading and Analyzing Income Statements

Analyzing an income statement could be a challenging task because of the many details you have to train your eyes on. Here are some tips that could help you read and better understand an personal statement.

  • Be Cautious. Your income statement contains crucial information about your business. Remember to always pay attention to the important details such as the company’s expenses, the sources of the revenues, and the other businesses involved during that period.
  • Compare and Check. Whether it is a annual, quarterly, or a monthly statement of your income, make sure to keep copies of all of it and routinely make sure the numbers add up, especially if you are the managing director of a company.
  • Determine the Important Factors. If you own the business, make sure you know the differences between an operation expense, non-operation expense, operation revenues, and non-operation revenues. Understand the priority of each factor. Operation expenses should be the main targets of where your finances are going. If you have low revenue but the income statement shows that there are more expenses on non-operation than on the operation, never hesitate to raise your eyebrows.

An income statement is an essential report that contributes to the growth of the company. So whether you are the one making the statement or the one analyzing it, always consider all the business factors involved. Remember that this is not just a written statement objectives of your revenues and expenses but it is also a determining factor of your company’s future.