Income Statement | Example | Template | Format | How to Use Explanation

 

personal income and expense statement template

Personal Income Statement. The personal income statements often used by people if the individual applying for the mortgage, credit or loans. When you download this word format then it comprises balance sheet and income statement template. Furthermore, this allows the officers to gain the perspective offers into financial situations. This income statement template was designed for the small-business owner and contains two example income statements, each on a separate worksheet tab (see the screenshots).The first is a simple single-step income statement with all revenues and expenses lumped together.. The second worksheet, shown on the right, is a multi-step income statement that calculates Gross Profit and Operating Income. Income Statement Example. Here is an example of how to prepare an income statement from Paul’s adjusted trial balance in our earlier accounting cycle examples. Single Step Income Statement. As you can see, this example income statement is a single-step statement because it .


Personal Expense and Income Statement


The Personal Budget Spreadsheet helps with tracking, managing and calculating your income, expenses, and savings. The first sheet is a Personal Budget sheet that holds records of income, expenditure and savings details of an individual on a monthly basis. This template includes most of the heads of expense. We highly recommend keeping this sheet updated regularly for a real insight at all times. The spreadsheet helps you with setting some savings goal as well.

The monthly breakdown helps you in analyzing the months that you saved more and the ones on which you spent more. You can easily track different kinds of expenses incurred under categories, such as home, daily living, transportation, etc.

The sheet also gives the Potential To Save value for each month. The second sheet is Dashboards sheet that provides the summarized data of the Personal Budget sheet graphically. The income and annual expense are represented as pie charts that give an easy to understand distribution view personal income and expense statement template the budget. There personal income and expense statement template bar chart and doughnut chart that represent a monthly distribution of the expenses under various heads.

It also has an income, expenditure, and savings line chart. Start by downloading the template and recording your income followed by expenses into the spreadsheet. The first worksheet is the personal budget worksheet that will hold the details of the possible sources of income as well as amounts received through each of the sources.

The various sources of income included by default are:. The worksheet also includes a savings goal set for each month that one should aim to achieve through successful budgeting. The savings goal can be a single goal or a set of projected goals.

The net value of the savings goal is calculated on a monthly basis as well as an aggregated annual amount of savings. The monthly analysis help in obtaining a projected image of the overall saving targets that individuals aim to achieve and the amounts that they can potentially allocate towards their savings. It also helps with making better decisions regarding your savings and expenditures. The potential savings made by an individual are calculated by simple subtraction of the sum of the Total Savings Goal and the Total Expenses from the Total Income.

This value is calculated both on a monthly as well as annual basis. The Dashboards worksheet shows the summary of your personal budget in four different charts. This four distributions are:. The potential to save is the amount of money that a person can save in a month by either higher income or decrease in spendings. The ideal value is 0 zerowhich indicated that any increases in the income or decreases in expenses are automatically allocated towards savings.

This value would be achieved if the savings goals have been attained, personal income and expense statement template. The dashboards worksheet makes the budget easier to comprehend and analyze with the help of graphs and charts, personal income and expense statement template.

The report provides a summary of the personal budget on the basis of the Income pie chart, Expenses bar graph, annual expense distribution pie chart, and income expense, and savings chart.

The dashboard provides a summary of the various expenses personal income and expense statement template savings. It helps to analyze your budget as well as making the decisions regarding the improvement in the income, savings and reduction of the unnecessary expenses. Author Alex Bejanishvili of Spreadsheet License User License Agreement.

Contact Us. Budgeting helps to track spending and expenses? Related Templates Family Budget Planner. Personal Monthly Budget, personal income and expense statement template. Household Budget Planner. Weekly Budget Spreadsheet.

 

Income Statement Template for Excel

 

personal income and expense statement template

 

A personal Income Statement is where you keep a track of your personal finances. Here you can list your family income and the total expenses as well. It will help you plan your finances better. Projected Income Statement Template. This income statement template is completely free to download and we are sure you will like it a lot when making income statement for personal or professional purpose. Income statement can be recognized as a financial statement of the business organization or company that shows its revenues subtracting various costs and expenses over a mentioned period of time. This income statement template was designed for the small-business owner and contains two example income statements, each on a separate worksheet tab (see the screenshots).The first is a simple single-step income statement with all revenues and expenses lumped together.. The second worksheet, shown on the right, is a multi-step income statement that calculates Gross Profit and Operating Income.