Create the overall template for your financial statement in Excel by clicking on the spreadsheet cells and typing in the labels for the various statement sections.

And Excel isn’t the only option. For example, here’s a free income statement template for Google Sheets.It’s easy to make one from scratch, too. An Inexpensive Alternative to Accounting Software ...

Most organizations need to prepare budgeted income statements when setting financial goals. If you do your own accounting, you can simply fill out a budgeted income statement template in Excel.