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    Vertex42
    https://www.vertex42.com › ExcelTemplates › income-statement.html

    Income Statement Template for Excel - Vertex42

    • The income that is generated by providing a service, selling a product, earning interest on investments, renting extra office space, licensing technologies, selling advertising space, or licensing the use of your br… See more

    Cost of Goods Sold

    For a retail company, one of the main expenses is the cost of goods sold. So, you'll see Cost of Goods Sold broken out into its own section, with Gross Profit calculated … See more

    Vertex42
    Operating Expenses

    This section is where you include all your operating expenses such as advertising, salaries, rent, utilities, insurance, legal fees, accounting fees, supplies, research and developme… See more

    Vertex42
    Operating Income

    In the multi-step income statement, the operating income is calculated as the Gross Profit minus the total Operating Expenses. In general, interest expense and income tax expense ar… See more

    Vertex42
    Income from Continuing Operations

    This is the "bottom line", calculated as the Operating Income minus interest expense and income tax (and plus/minus non-operating revenues, expenses, gains, and losses, if th… See more

    Vertex42
    What is a ready made Excel income statement template?
    The ready made Excel Income Statement Template is perfect for compiling the income statement for your company, restaurant, small business, or project. This Excel Income Statement Template is free, easy to download, and requires little expertise to use. The spreadsheet is already designed, formatted and created in a professional manner.
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