Sample Income Statement Balance Sheet: Fill & Download for Free

When analyzing financials of companies, I always look at the cash flow statement first and spend the most time on that compared to the other statements.The Income Statement: Answers how are we doing as a business. It starts with revenue minus expenses to get net income.The Balance Sheet: Is a financial snap shot at a point in time. In other words, at a given date, what were the Assets, Liabilities and Owners Equity of the company.For the Cash Flow Statement: the amounts of cash and cash equivalents entering and leaving a company. It answers the questions of how are operations running, where is the money coming from and how is it being spent.I'll give two examples that will help you understand why I prefer the cash flow statement to analyze companies:1. There is freedom within the Income Statement and Balance Sheet to choose how you treat certain transactions. This creates a situation where two otherwise similar companies have financial ratios that tell a different story. For example, I can decide if I'd like to capitalize (treat an expense an asset and depreciate it over time) an asset on the balance sheet or if I'd like to expense it on the income statement. If I expense it, my net income is lower and if you just compare income statements, I appear to be much less profitable.2. Depreciation schedules are subjective as well. You can choose a more conservative schedule which wil show more depreciation expense earlier on in the asset's life or you can have a depreciation schedule that's the same expense each month. The depreciation expense appears on your income statement each month as a subtraction from revenue. Two companies that choose different schedules will have different income statements and balance sheets.On the cashflow statement, you see the actual cash that went in and went out of the business all in one place and the subjective decisions that each company can have do not matter. Here's an example: When you are creating a cash flow statement using the indirect method (most popular and easiest to understand method), the first item at the top of the cash flow statement is called Net Income. The next thing you to do that Net Income figure is, "Add back non-cash transactions". So look at the depreciation example we talked about above. The depreciation is a non cash expense because you don't pay anyone a depreciation expense. So no matter which depreciation schedule I choose, I have to add back my depreciation expense to Net Income. If you're thinking, "the depreciation expense that is the highest will add more money to net income than the other company", then you're correct. The company though that has more depreciation expense though, started with a lower net income figure so each company appears to be even on the cash flow statement.For example in a sample cash flow statement it might look like this:Company A Company BNet Income 200 100Depreciation 50 150Cash From Operations $250 $250In conclusion, cash flow statements take the subjectivity out of the financial statements and give a more level playing field.

You want to provide a projected Income Statement, Cash Flow Statement, and Balance Sheet.It is good to have the first year Income & Cash flow projections done on a monthly basis, then yearly after that.I will lay out an example for you in Excel and in a business plan itself.Below is a sample of a Profit & Loss (Income Statement) in Excel on a monthly basis.Sample Cash Flow monthly in ExcelWhat the statement projections would look like when in the Business PlanIncome StatementsCash Flow StatementsBalance SheetsYou can download a free Business Plan Template HERE as a guide to follow for your overall business plan.Best of LuckKevin

Well just look through financial portals like IMNP Income Statement | Balance Sheet | Cash Flow | Immune Pharmaceuticals Inc. Stock - Yahoo Finance for example.