Income Statement

What is an income statement?

Income Statement Definition: An income statement is one of the main reports prepared by an accountant or a company manager, which details all the streams of revenue and expenses of a business or organization.

These reports are typically presented at meetings to discuss profit or losses and develop strategies for improving business. The income statement is often reviewed alongside a balance sheet and cash flow statement, usually for a specific period. This report is used to analyze a company’s productivity and to troubleshoot solutions and improvements.

Jul 30 - Comparewise Business Loan Banner

Other business terms:

Business Loan Help Center

BlogBrandsCards
How to Get a Grocery Store Business Loan
Best Type of Business Finance for Large Businesses
An End-of-Year Checklist for Your Small Business
How to Get Business Loans in Canada
CIBC
Jeeves
Smarter Loans
Clearco
Forward Funding
Kingsmen Capital Investments
Growth Street Capital
SharpShooter Funding
American Express Business Platinum Card
National Bank Allure Mastercard
National Bank MC1 Mastercard
Tangerine World Mastercard

comparewise

Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!