GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) are two sets of accounting rules.
PRO FORMA INCOME STATEMENT TEMPLATE WORD FOR MAC
Our model works with Excel 2010 and later versions for PC and Excel 2011 and later versions for Mac and is not compatible with web-based Excel, Google Sheets, or other spreadsheet applications due to their limited processing power and calculation functionality. If you are a power Excel user and would prefer to spend countless hours creating your own model, our product is probably not for you. Our product was designed for the fast-paced startup that wants a model that works out-of-the-box without writing any calculations. 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. Users do have full access to edit the output reports of the model, but cannot access or change the backend calculations or code. The calculations in the model are locked and hidden in the spreadsheet to protect the integrity of the massive number of calculations required to properly model your startup, therefore the model is not customizable. If you would like to extend an expired model or if you are a consultant modeling multiple businesses, please Contact Us. Excel calculations are locked and hidden, but the user has full access to edit the input and output tabs of the model. The Pro Forma model license is good for 24 months, for modeling 1 business.