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.

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 ...

The income statement is one of the three important financial statements used for reporting a company’s financial performance over a set accounting period.

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 a document that shows a company’s revenues and expenses. Investors use this information to gauge its value.

Distinguish differences between depreciation expense that's reported on the income statement and accumulated depreciation, which is a running total.

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.