Income Statement Pro Excel Template

Name: Income Statement Pro Excel Template
Brand: Excel Wonders
SKU: 2199f0b7-ec51-448a-b556-7f12ba13547c
Price: 14.9 USD
Availability: InStock

$7.90

$14.90

-47%

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Income Statement Pro Excel Template

The Income Statement Pro Excel Template gives you extra features compared to the free version, allowing you to create highly customizable profit & losses statements in a monthly, quarterly and annual fashion, with consolidations.

Contains Macros

$7.90

$14.90

-47%

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About the Income Statement Pro Excel Template

Elevate your financial analysis with the Income Statement Pro Excel Template, the premium version of out Income Statement Excel Template, and a perfect solution for professionals seeking a robust tool for crafting detailed profit and loss statements. This template is tailored for businesses and financial analysts who demand precision and flexibility, and you can generate monthly, quarterly, and annual statements.

The Income Statement Pro Excel Template is your gateway to insightful financial management. It comes with a user-friendly interface, and already pre-loaded with a series of categories and line items that make it extremely easy to get started, You can add, edit, reorder and delete line items and categories to adjust the structure of the income statement exactly to your needs, and you can select which option you want to start adding data for: month-to-month, quarter-to-quarter or annually. You can also enable consolidation, especially as you select month-to-month (which enables you to consolidate by quarter and by year) or quarter-to-quarter (which enables you to consolidate by year). This is an indispensable tool for financial planning, analysis and reporting.

Features:

Customize P&L statements easily
Add, edit, reorder and remove categories and items
Choose between different types of data entry: month-to-month, quarter-to-quarter and annually
Set start year and span (up to 5 years)
Built-in export functionality for sharing

Questions & Answers

What is the Income Statement Pro Excel Template?

This template is a tool for creating and tracking professional income statements. Key features include the ability to input data on a monthly, quarterly, or annual basis, a customizable structure, and automatic data consolidation.

What is the setup process for the income statement?

Follow these steps to configure your template: 1. Set Time Frame: In 'Settings', choose your starting year and the number of years to track. 2. Set Data Input: In 'Settings', select whether you will enter data monthly, quarterly, or annually. 3. Enable Editing: Ensure 'Edit Mode' is turned on in 'Settings'. 4. Structure Statement: Go to the 'Income Statement' sheet to add or remove categories and line items. 5. Add Data: Return to 'Settings' to turn off 'Edit Mode', then begin entering your financial data.

How do I edit the structure of the income statement?

To modify the structure, first enable 'Edit Mode' on the 'Settings' sheet. Then, go to the 'Income Statement' sheet to add, edit, or remove categories and line items. When finished, disable 'Edit Mode' in 'Settings' to prevent accidental changes.

What is the difference between a 'Category' and an 'Item'?

The template uses a two-level hierarchy: • Category: A high-level grouping, such as 'Revenue' or 'Operating Expenses'. • Item: A specific line item that belongs to a category, such as 'Product Sales' or 'Salaries'.

If I enter monthly data, can I view quarterly and annual totals?

Yes. When using monthly data input, the template automatically calculates quarterly and annual consolidations. You can control the visibility of these summary columns on the 'Settings' sheet.

If I enter quarterly data, can I view annual totals?

Yes. When using quarterly data input, annual totals are calculated automatically. You can choose to show or hide the annual consolidation columns from the 'Settings' sheet.

Can I export the income statement?

Yes. On the 'Income Statement' sheet, click the 'Export' button. A dialog box will appear where you can set the file name and save location for your exported statement.