Tax: This includes any mandatory monetary contributions made to the government.Revenue: Calculate revenue by adding together the total amount of income made by sales and services.Net Income or Net Profit: This number reflects the amount earned from sales.Income: List anything that brings money into your business, such as sales and donations.Gross Revenue: The formula to calculate gross revenue is total revenue less the COGS.Gross Profit: Determine this number by subtracting the COGS from your total sales.Expenses: List anything on which you spend money to run your business, such as rent, advertising, equipment, insurance, phone, and employee salaries.Cost of Goods Sold (COGS): This is any money spent that is associated with your product, such as packaging and labor.Cash Flow: This is the amount of money that moves in and out of your business.Cash Ending Position: This refers to the money your business has at any specific point in time.Budget: A budget is a spending plan for your business based on your estimated income and expenses.An income statement template helps you to identify areas of risk and patterns in profit and loss, and to make educated decisions around your budget.Ī small business income statement template typically includes the following line items for tracking your business's financial status: If you are a current or prospective small business owner, it’s imperative that you track your income and expenses, as doing so will ensure you have accurate information regarding how your company spends and makes money. Templates include calculations for revenue, expenses, and overall profit and loss, and they are used to document, analyze, and project business finances. Getting started with the Smartsheet APIĪ small business income statement template is a financial statement used to report performance.ENGAGE Smartsheet ENGAGE brings together our global customers, experts, and partners to share their experiences, ideas, and best practices.Smartsheet events Your hub for Smartsheet events, webinars, Q&As, and user groups.Once you have found the perfect format to suit your needs, you can get started customizing the empty fields. Partners Learn about the Smartsheet partner program and access our partner directory. The Excel spreadsheet format has familiar features that suit many users and is accessible and easy to customize.Community Explore user-generated content and stay updated on our latest product features.Help and Learning A comprehensive knowledge base, including articles, tutorials, videos, and other resources that cover a range of topics related to using Smartsheet.Content Center Articles and guides about project management, collaboration, automation, and other topics to help you make the most of the Smartsheet platform.