Small business income statement template

Income statement template for small businesses

Track your business profitability with this comprehensive Excel income statement template designed for small business owners. Monitor multiple revenue streams, analyse cost of goods sold, and organise operating expenses by function with this professionally formatted profit and loss statement.

This detailed template includes dedicated sections for product sales, service revenue, consulting income, and subscription revenue. Track your cost of goods sold with categories for materials, labor, manufacturing overhead, and shipping costs. Operating expenses are organised by function including salaries and benefits, facility costs, marketing and sales, operations, transportation, and other expenses.

The built-in Excel formulas automatically calculate gross profit, operating income (EBITDA), and net income while providing percentage analysis for both revenue and expenses. Compare current period performance to prior periods and track year-to-date totals to understand your business trends and profitability patterns.

Whether you're preparing monthly financial reports, analysing business performance, or getting ready for tax season, this template provides the structure you need to understand where your money comes from and where it goes.