# Income Statement

> Financial bookkeeping and profit/loss projection tool for businesses. (iPhone/iPad app by Manu Gupta.)

- Source: https://appshunter.io/ios/app/income-statement/id1081339317 (this page in markdown: same URL + `.md`)
- Developer: [Manu Gupta](https://appshunter.io/developer/806110625)
- Category: Finance, Business
- Price: Free (on sale, was $0.99)
- Rating: 5.00/5 from 1 App Store ratings · 1 written reviews indexed
- Age rating: 4+
- Requires: iOS 6.0 · 30 MB
- Languages: English
- Released: 2016-02-26
- Data updated: 2026-06-10
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/income-statement/id1081339317/reviews.md

## What is Income Statement?

If you are a business owner, financial planner, accountant, treasurer or a financial controller for a small or mid-tier enterprise, and are looking for a cost effective, self-contained application for financial book keeping of income created and future profit and loss projections, Income Statement app is a good choice for you. The app has been elegantly designed, is simple to use and suitable for the needs of service and retail businesses. 

The app comes with in-built, easy to use and customizable income statement sheets, account balance sheets, financial goals and growth sheets and 3 year profit and loss projection sheets: 

1. Income Statement - Provides a measure of your company's economic performance. Also called a "Profit and Loss Statement". The income statement comes in two separate formats, each on a separate tab - single step with all revenues and expenses lumped together; and multi step that calculates Gross Profit and Operating Income. 

2. Account Balance - Maintain a ledger of transaction records from your company's bank account detailing the transactions carried by your company with your customers and suppliers. 

3. Goals - Enables you to create financial goals and understand what are the average financial figures you need to achieve on a monthly and weekly basis in order to achieve them. Further, the sheet helps you to mention a set of steps you should take to achieve a particular goal. 

4. Net Income Growth - Enables you to estimate the financial impact of improving savings per year on the net income at the end of 5 years, 10 years and 20 years. 

5. Profit and Loss Projection - Helps you create a 3-year profit and loss projection for a business providing services or selling goods or both. 

The app lets you save and re-use the income statements and other sheets, so you can see and keep a track of the financial progress of your business over time. If you would like to share the financial statements with your business partners, investors and other stakeholders, simply tap e-mail, to send the information instantly anytime and anywhere. Alternatively, you can locally save, email and print the statements. Financial book keeping and planning for your business has never been so easier.

## Key features

- Income statement creation
- Account balance ledger
- Financial goal setting
- 3-year profit/loss projection
- Save and reuse financial sheets
- Email and print financial reports

## Recent user reviews (1 of 1)

All indexed reviews: https://appshunter.io/ios/app/income-statement/id1081339317/reviews.md

### 5/5 — Wonderful App

*2017-01-10, version 1.0*

Works like a charm just as described. Thank you for creating. This app has helped my business a great deal.

## Frequently asked questions about Income Statement

### What is Income Statement used for?

Income Statement is a financial bookkeeping and projection application designed for small to mid-tier businesses. It helps users create income statements, manage account balances, set financial goals, and generate profit and loss projections.

### What types of income statements does Income Statement offer?

Income Statement provides two formats for income statements: a single-step format where all revenues and expenses are combined, and a multi-step format that calculates Gross Profit and Operating Income separately.

### Can I track my business's financial progress over time with Income Statement?

Yes, Income Statement allows you to save and reuse your income statements and other financial sheets. This enables you to monitor and track your business's financial progress over time.

### How can I share financial reports from Income Statement?

You can easily share your financial statements by tapping the email option to send them instantly. Alternatively, you can save them locally, email them, or print them directly from the app.

### What kind of projections can I create with Income Statement?

Income Statement allows you to create a 3-year profit and loss projection for businesses that provide services, sell goods, or do both. It also helps estimate the financial impact of improving savings on net income over 5, 10, and 20 years.

### Is Income Statement suitable for all types of businesses?

Income Statement is specifically designed for service and retail businesses, and is suitable for the needs of small to mid-tier enterprises. Its elegant design and simple interface make it easy to use.

### What are the supported devices for Income Statement?

Income Statement is available for iPhone, iPad, and iPod devices.

### How often is Income Statement updated?

Income Statement was last updated on February 26, 2016, with version 1.0. The initial release date was also February 26, 2016.

## Version history (last 1 release)

### 1.0 — 2016-02-26

This app has been updated by Apple to display the Apple Watch app icon.

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## More apps by Manu Gupta

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All apps by Manu Gupta: https://appshunter.io/developer/806110625

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*