[et_pb_section fb_built=”1″ module_class=”sheetgo-post” _builder_version=”4.16″ custom_padding=”54px|0px|2px|0px|false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” theme_builder_area=”post_content” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n
For small to medium-sized enterprises (SMEs), creating an income statement can be a time-consuming and costly process. Also referred to as a profit and loss statement <\/strong>(PnL), revenue statement<\/strong>, or operating expenses statement<\/strong>, an income statement helps you measure the performance of your company. On top of that, it can be used to secure financing as well as to calculate and pay taxes.<\/p>\n An income statement is one of the three main financial statements for reporting. It summarizes company revenues and expenses over a specific period of time. It differs from a cash flow statement in that it is based on the accrual of expenses and revenues for accounting purposes rather than for payment. Finally, there is the balance sheet, which summarizes your assets and liabilities.<\/p>\n Essentially, an income statement shows directors and investors whether or not the company made money during that accounting period.<\/p>\n The balance sheet answers a different question: what the company owns and owes on a given day. Here is how to read a balance sheet<\/a>, section by section.<\/p>\n Normally, you have to manually collect and enter data into accounting software to create an income statement. Many small companies send that data to an external accountant … and then wait for the accountant to process it.<\/p>\n Using a ready-made income statement template lets you produce the statement yourself, in-house, from the numbers you already have. Below I’ll walk you through Sheetgo’s free Income statement template for Google Sheets: one spreadsheet you copy to your own Drive, with the statement already built and waiting for your figures.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Sheetgo’s Income statement template is a single Google Sheets file with the statement already built into it. You record income on one tab and expenses on another, and the pre-written formulas fill in a month-by-month income statement along with income and expenses summaries.<\/p>\n It suits companies of any size. Whoever handles invoices and payments records them on the input tabs, and the accountant or company director reads the finished statement on the Income Statement Monthly<\/strong> tab. There is nothing to set up and no account to create: you copy the file to your own Google Drive and it is yours to keep.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_5,2_5″ make_equal=”on” _builder_version=”4.22.2″ _module_preset=”default” background_color=”#F6F8F9″ custom_padding=”30px|30px|30px|30px|true|true” border_radii=”on|12px|12px|12px|12px” ab_subject=”on” ab_subject_id=”2″ locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”3_5″ _builder_version=”4.22.2″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.22.2″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” text_font_size_tablet=”17px” text_font_size_phone=”17px” text_font_size_last_edited=”on|phone” header_4_font_tablet=”” header_4_font_phone=”” header_4_font_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|phone” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.22.2″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_button button_url=”https:\/\/docs.google.com\/spreadsheets\/d\/1R-mcM8mlKvp8ZIVkRExDdrJry0FwEzqPKsR_j2hOS8E\/copy” url_new_window=”on” button_text=”Get the free template” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#2979FF” button_border_width=”0px” button_border_color=”#2979FF” button_border_radius=”6px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|20px|15px|20px|true|false” ab_goal=”on” global_colors_info=”{}” button_bg_color__hover_enabled=”on|hover” button_text_color__hover_enabled=”on|desktop” button_border_color__hover_enabled=”on|hover” button_border_color__hover=”#2666E2″ button_text_color__hover=”#FFFFFF” button_bg_color__hover=”#2666E2″ button_bg_enable_color__hover=”on” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n It is one Google Sheets file. The inputs, the formulas and the finished statement all live in the same spreadsheet, on separate tabs. Copy it once and you have your own private version, pre-filled with sample data you can overwrite with your own numbers.<\/p>\n Two tabs are for typing into \u2014 Income Input<\/strong> and Expenses Input<\/strong>. Everything else is calculated from what you enter there, so you never have to write a formula yourself.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Copying the Income statement template saves one Google Sheets file to your Google Drive. Inside it you will find:<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Click the blue button below, then click Make a copy<\/strong> to save your own version to Google Drive.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/docs.google.com\/spreadsheets\/d\/1R-mcM8mlKvp8ZIVkRExDdrJry0FwEzqPKsR_j2hOS8E\/copy” url_new_window=”on” button_text=”Get the free template” button_alignment=”center” _builder_version=”4.27.7″ _module_preset=”default” custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#2979FF” button_border_width=”0px” button_border_color=”#2979FF” button_border_radius=”6px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|20px|15px|20px|true|false” hover_enabled=”0″ locked=”off” global_colors_info=”{}” button_bg_color__hover_enabled=”on|hover” button_text_color__hover_enabled=”on|desktop” button_border_color__hover_enabled=”on|hover” button_border_color__hover=”#2666E2″ button_text_color__hover=”#FFFFFF” button_bg_color__hover=”#2666E2″ button_bg_enable_color__hover=”on” theme_builder_area=”post_content” custom_margin=”30px||30px||true|false” sticky_enabled=”0″][\/et_pb_button][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Open the Inputs<\/strong> tab. Enter the year you want to report on next to Year to report on<\/strong>. Every other tab keys off this figure, so it is the first thing to fill in.<\/p>\n Underneath it is the Accrual periods<\/strong> table, which is how you spread a cost over more than one year. Immediate<\/em> divides the amount by 1, so the whole sum lands in the month it was paid; 5 years<\/em> divides it by 5. You pick which one applies to each line in the Accrual period<\/strong> column of the Expenses Input tab. Edit these rows, or add your own, if your business spreads costs over different periods.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/static.sheetgo.com\/wp-content\/uploads\/2026\/08\/income-statement-inputs-2.png” alt=”Income statement template Inputs tab in Google Sheets, showing the year to report on and the accrual periods table” title_text=”Income statement template Inputs tab” align=”center” _builder_version=”4.22.2″ width=”100%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Go to the Income Input<\/strong> tab and record every invoice the company issues, one per row: the input date, client name, invoice number, the amount received, the accrual starting date and period, the income category, and \u2014 if it is useful to you \u2014 the product and department it belongs to.<\/p>\n The tab arrives with sample rows so you can see the shape of the data. Delete them or type over them with your own.<\/p>\n The grey Current Year Income ($)<\/strong> column at the end is calculated for you: it is the share of each amount that falls inside the year you set on the Inputs tab. Leave that column alone.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/static.sheetgo.com\/wp-content\/uploads\/2026\/08\/income-statement-income-input-2.png” alt=”Income Input tab of the Google Sheets income statement template, with one row per invoice received” title_text=”Income statement template Income Input tab” align=”center” _builder_version=”4.22.2″ width=”100%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Because this is a normal Google Sheets file, you can hand it to the colleague who processes invoices with the green Share<\/strong> button and give them edit access.<\/p>\n If you would rather they did not work in the file itself, attach a Google Form<\/a> to it. The form gives you data validation on the way in and drops every submission into its own tab in the same spreadsheet.<\/p>\n As soon as there are rows on the Income Input tab, the Income Summary per Month<\/strong> and Income Accrual Mapping<\/strong> tabs fill in. Both are built from formulas, so treat them as read-only \u2014 type over a formula and the numbers stop adding up.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_5,2_5″ make_equal=”on” _builder_version=”4.22.2″ _module_preset=”default” background_color=”#F6F8F9″ custom_padding=”30px|30px|30px|30px|true|true” border_radii=”on|12px|12px|12px|12px” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”3_5″ _builder_version=”4.22.2″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.22.2″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” text_font_size_tablet=”17px” text_font_size_phone=”17px” text_font_size_last_edited=”on|phone” header_4_font_tablet=”” header_4_font_phone=”” header_4_font_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|phone” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.22.2″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_button button_url=”https:\/\/docs.google.com\/spreadsheets\/d\/1R-mcM8mlKvp8ZIVkRExDdrJry0FwEzqPKsR_j2hOS8E\/copy” url_new_window=”on” button_text=”Get the free template” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#2979FF” button_border_width=”0px” button_border_color=”#2979FF” button_border_radius=”6px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|20px|15px|20px|true|false” global_colors_info=”{}” button_bg_color__hover_enabled=”on|hover” button_text_color__hover_enabled=”on|desktop” button_border_color__hover_enabled=”on|hover” button_border_color__hover=”#2666E2″ button_text_color__hover=”#FFFFFF” button_bg_color__hover=”#2666E2″ button_bg_enable_color__hover=”on” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n The Expenses Input<\/strong> tab works the same way for money leaving the company. Record each invoice you pay: the input date, supplier, invoice number, amount, accrual start date and period, the type of expense, the expenditure category and the department.<\/p>\n The Type of expense<\/strong> column is the one that decides where a cost lands in the statement. Its options are the same labels you see down the left of the finished statement \u2014 COGS, R&D, CAPEX, income tax, finance costs, refunds and returns \u2014 so it pays to be consistent about which one you pick.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/static.sheetgo.com\/wp-content\/uploads\/2026\/08\/income-statement-expenses-input-2.png” alt=”Expenses Input tab of the Google Sheets income statement template, with one row per invoice paid” title_text=”Income statement template Expenses Input tab” align=”center” _builder_version=”4.22.2″ width=”100%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Here too, the grey Current Year Expense ($)<\/strong> column is worked out for you from the accrual period you chose, and the Expenses Summary per Month<\/strong> tab totals everything by category.<\/p>\n You can share the file with whoever handles payments in exactly the same way. Because it is one spreadsheet, the person entering income and the person entering expenses can work in it at the same time.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Open the Income Statement Monthly<\/strong> tab. This is the output: a column for each month of the year you set, a Total Year<\/strong> column on the right, and the standard statement lines down the left \u2014 net operating income, gross margin, total expenses, EBITDA, earnings before interest and tax, earnings before tax, and net earnings.<\/p>\n There is nothing to do to this tab. It recalculates as you and your colleagues add rows to the two input tabs. There is also a placeholder in the top-left corner where you can drop your own logo before you send the statement to a director, a bank, or your accountant.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/static.sheetgo.com\/wp-content\/uploads\/2026\/08\/income-statement-monthly-2.png” alt=”Monthly income statement calculated by the Google Sheets template, with a column per month and a total for the year” title_text=”Income statement template Income Statement Monthly tab” align=”center” module_class=”sheetgo-post-no-shadow-img” _builder_version=”4.22.2″ width=”100%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n That is the whole process: set the year, log the income, log the expenses, read the statement. No accounting software to buy, no waiting on an external accountant, and no month-end guesswork about where a number came from.<\/p>\n The one thing a spreadsheet cannot do is fill itself in. Someone still has to key in the invoices and chase the ones that are missing. If that is the part you would rather hand over, the Automate this<\/strong> tab in the file introduces Owen, Sheetgo’s finance virtual employee, who takes on the invoice and reconciliation work for you.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row make_equal=”on” _builder_version=”4.22.2″ _module_preset=”default” background_color=”#F6F8F9″ custom_padding=”30px|30px|30px|30px|true|true” border_radii=”on|12px|12px|12px|12px” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.22.2″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.22.2″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” text_orientation=”center” text_font_size_tablet=”17px” text_font_size_phone=”17px” text_font_size_last_edited=”on|phone” header_4_font_tablet=”” header_4_font_phone=”” header_4_font_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|phone” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/docs.google.com\/spreadsheets\/d\/1R-mcM8mlKvp8ZIVkRExDdrJry0FwEzqPKsR_j2hOS8E\/copy” url_new_window=”on” button_text=”Get the free template” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”16px” button_text_color=”#FFFFFF” button_bg_color=”#2979FF” button_border_width=”0px” button_border_color=”#2979FF” button_border_radius=”6px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|20px|15px|20px|true|false” global_colors_info=”{}” button_bg_color__hover_enabled=”on|hover” button_text_color__hover_enabled=”on|desktop” button_border_color__hover_enabled=”on|hover” button_border_color__hover=”#2666E2″ button_text_color__hover=”#FFFFFF” button_bg_color__hover=”#2666E2″ button_bg_enable_color__hover=”on” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][difl_faq faq_item_gap=”25px” enable_schema=”on” close_icon_color=”#82afff” close_icon_size=”28px” open_icon_color=”#82afff” faq_anime_duration=”200″ faq_item_wrapper_bg_bgcolor=”#FFFFFF” que_text_margin=”10px|20px|10px|20px|true|true” ans_text_padding=”0px|20px|10px|20px|false|true” _builder_version=”4.27.6″ _module_preset=”default” question_text_font=”|600|||||||” question_text_font_size=”19px” design_answer_text_font=”|300|||||||” design_answer_text_font_size=”16px” design_answer_text_line_height=”1.6em” border_radii_faq_item_wrapper_border=”on|12px|12px|12px|12px” border_color_all_faq_item_wrapper_border=”#deeaf7″ global_colors_info=”{}” que_wrapper_bg_bgcolor__hover=”1px||||false|false” que_wrapper_bg_bgcolor__hover_enabled=”on|hover” theme_builder_area=”post_content”][difl_faqitem question=”Is the income statement template free?” question_title_tag=”h3″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}” que_wrapper_bg_bgcolor__hover=”1px||||false|false” que_wrapper_bg_bgcolor__hover_enabled=”on|hover” theme_builder_area=”post_content”]<\/p>\n Yes. It is a Google Sheets file you copy to your own Drive and keep. There is nothing to install and no account to create.<\/p>\n [\/difl_faqitem][difl_faqitem question=”How do I set the reporting year?” question_title_tag=”h3″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}” que_wrapper_bg_bgcolor__hover=”1px||||false|false” que_wrapper_bg_bgcolor__hover_enabled=”on|hover” theme_builder_area=”post_content”]<\/p>\n On the Inputs tab. Enter the year you want to report on, and the Income Statement Monthly tab covers that year.<\/p>\n [\/difl_faqitem][difl_faqitem question=”What is the accrual setting for?” question_title_tag=”h3″ _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}” que_wrapper_bg_bgcolor__hover=”1px||||false|false” que_wrapper_bg_bgcolor__hover_enabled=”on|hover” theme_builder_area=”post_content”]<\/p>\n It decides how many years an expense is spread over. The Accrual periods table on the Inputs tab holds those options, and the Expenses Input tab uses them.<\/p>\n [\/difl_faqitem][\/difl_faq][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" For small to medium-sized enterprises (SMEs), creating an income statement can be a time-consuming and costly process. Also referred to as a profit and loss statement (PnL), revenue statement, or operating expenses statement, an income statement helps you measure the performance of your company. On top of that, it can be used to secure financing […]<\/p>\n","protected":false},"author":39,"featured_media":27398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":" 3.1 Connecting your Income Inputs Spreadsheet to the Template<\/strong><\/p>\n 1. Inside the Income Inputs Spreadsheet, in the menu, click on add-ons > Sheetgo > Start.\nOnce installed, go to the P&L Spreadsheet, in the menu, click on add-ons<\/strong> > Sheetgo<\/strong> > Start<\/strong>.\n2. Click on the green + button and select file \u201c1 Income Inputs Spreadsheet\u201d.\n3. Select the tab \"Income\"\n4. In settings, click on \"enable transfer formatting\"\n5. Finally, we click on the \u201cSave Connection\u201d button.<\/p>\n 3.2 Connecting your Expenditures Spreadsheet to the Template<\/strong><\/p>\n 1. Inside the Expenditures Spreadsheet, in the menu, click on add-ons > Sheetgo > Start.\n2. Click on the green +<\/span> button and select the file \u201c2 Expenditures Spreadsheet\u201d.\n3. Select the tab \"Expenditures\"\n4. In settings, click on \"enable transfer formatting\"\n5. Finally, we click on the \u201cSave Connection\u201d button.<\/p>\n 3.3 Updating the Profit and Loss Statement Spreadsheet<\/strong><\/p>\n Inside the Profit and Loss (P&L) Spreadsheet, open the Sheetgo add-on. You will see the 2 connections that you've created. Simply click on the arrows within the Sheetgo add-on to bring the data from your Income and Expenditures to your Income Statement spreadsheet.<\/p>\n\nWhy use Google Sheets to create an income statement?<\/h3>\n
\n
How to get started<\/h3>\n
Get the free template and start generating your income statement<\/span><\/span><\/h4>\n
What kind of template is this?<\/h3>\n
Working in a single spreadsheet gives you:<\/h5>\n
\n
What you get with this template:<\/h3>\n
\n
How to get the income statement template<\/h3>\n
How to use the income statement template<\/h3>\n
Step 1: Set the year and the accrual periods<\/h4>\n
Step 2: Log the money coming in<\/h4>\n
Start generating your income statement<\/span><\/span><\/h4>\n
Step 3: Log the money going out<\/h4>\n
Step 4: Read your income statement<\/h4>\n
Build your income statement in Google Sheets<\/h3>\n
Start generating your income statement<\/span><\/span><\/h3>\n
Frequently asked questions<\/h2>\n
What is the Income Statement Template?<\/h1>\nThe income statement is one of the three main Financial Statements<\/em> that a company must maintain. It summarizes your revenues and expenses<\/em> over a period of time. It differs from a Cash Flow Statement<\/em> in that it is based on the accrual<\/em> of expenses and revenues for accounting<\/em> purposes instead of the payment. It is frequently presented to managers and investors to communicate the profit or loss<\/em> during a certain period (different from a balance sheet<\/em> which summarizes your assets and liabilities<\/em>). You may also know a Profit and Loss Statement<\/em> as Profit and Loss Account<\/em>, Income Statement<\/em>, Revenue Statement<\/em>, Operating Expenses\/Statement<\/em>, or simply PnL<\/em>.\n
Why you should have your Income Statement Automated in Google Sheets<\/h1>\nYour finances are undoubtedly best managed in spreadsheets. However,it can require lots of manual work, and potential data loss with copy-pasting. We, therefore, created a plug and play system in the shape of a Template for you to visualize and report financial data<\/em>.\n\nIncome statements<\/em> are used to calculate and pay taxes<\/em> to your local authorities and are used for securing financing and measuring the performance of a company. Normally, Small to Medium Business<\/em>\u00a0(SMBs)<\/em> needs to devote money and time to input data into accounting software<\/em> or spend time collecting all their information and sending to the external accountants<\/em>, and wait until the accountant<\/em> has time to process them.\u00a0With an easily automated Income Statement Template<\/em>, you can have a daily view of your Profit and Loss<\/em>. Calculating profit margins<\/em>, generating reports<\/em> for investors and preparing income statements<\/em> at the end of the year become simpler and painless processes.\n
Simple Technology to get this Sheet done!<\/h1>\nThe services that we will be used to set up your template are:\n
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Instructions<\/h2>\n
Step 1. Copy the Template Sheets<\/h3>\nClick on the links below and select \u201cMake a Copy<\/strong>\u201d and your copy will open in Google Sheets, and be automatically saved into your Google Drive<\/em>.\n
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Step 2. Install the Google Sheets add-on Sheetgo<\/h3>\nClick here to install Sheetgo<\/a>. Don\u2019t worry, it\u00b4s a free add-on for Google Sheets to connect your spreadsheets<\/strong>, and much more! The add-on is necessary to connect and automate the spreadsheets to get your P&L Template in Google Sheets.\n
Step 3. Configure the PnL Template<\/h3>\n
Awesome, you did it!<\/h1>\nCongrats, you\u2019ve configured your Google Sheets Profit and Loss Template using Google Sheets.\n
In need of a Cash Flow Template?<\/h1>\nWe\u2019ve got you covered! Click here to install our Cash Flow Template<\/a>.\n\nFeel free to share<\/strong> your feedback or suggestions for new templates in the comments below, or click on the chat button below on your right! <3","_et_gb_content_width":"","footnotes":""},"categories":[57],"tags":[50],"class_list":["post-11895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-templates","tag-finance"],"acf":[],"permalink_manager":null,"_links":{"self":[{"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/posts\/11895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/comments?post=11895"}],"version-history":[{"count":1,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/posts\/11895\/revisions"}],"predecessor-version":[{"id":266553,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/posts\/11895\/revisions\/266553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/media\/27398"}],"wp:attachment":[{"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/media?parent=11895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/categories?post=11895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sheetgo.com\/fr\/wp-json\/wp\/v2\/tags?post=11895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}