Statements may also include net income as a percent of gross revenue (profit margin). Several additional items are worth paying special attention to when preparing an income statement.

Depending on the size and nature of your business, you may need a single-step income statement or a multi-step income statement. If you’re looking for a template, SCORE has a profit and loss ...

An income statement shows whether you are making any money. It adds up all your revenue from sales and other sources, subtracts all your costs, and comes up with the net income figure, also known ...