An income and expense worksheet is a financial statement that summarizes a company’s income and expenses over a specific period, typically a month or a year. It is used by businesses to track their financial performance, identify areas for improvement, and make informed decisions about their operations. The worksheet includes information on revenue, expenses, gains, losses, and other financial transactions, providing a comprehensive overview of a company’s financial health.
Income and expense worksheets are important for several reasons. They help businesses:
