Single-Step Statement. An income statement, also called an earnings report or a profit-and-loss statement, shows a company's fiscal operations during a specified time period.

A small business income statement helps the business see whether it’s operating at a profit or a loss You can use a single-step or multi-step income statement formula, with single-step formulas ...

The income statement can be presented in a single-step or multi-step format. Understanding the Income Statement The income statement is an integral part of the company performance reports.

A company's income statement shows the revenues, expenses and profits or losses for an accounting period. The two income statement formats are single-step and multi-step. Companies that sell ...

An income statement is one of the three major financial statements that businesses issue. Learn how it is used to track revenue, expenses, gains, and losses.