Therefore, the Income Statement Templates enable the accounting team to determine the total amount of profit plowed back to your company for the given period. That is where the Profit & Loss Statement comes in. Of course, the goal of every business on the market is to make profit, but there must be a mechanism that helps a business to determine whether it is making profits or otherwise. > What are the uses of the Income Statement Templates? Besides the profit and loss page, you also get a comparative balance sheet, additional ratio, and simple ratio. The Common Size income statement is a four-section template that you can rely on for an accurate financial analysis.
