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10+ Accrued Income Templates in Google Docs | Word | Pages | Numbers | Excel | PDF

When business companies use delayed billing, it often refers to both accrued income and accrued revenue. But technically speaking, these terms are quite different, and you need to define one from the other distinctly. On the one hand, accrued revenue only applies to businesses that render services to a project and send no invoice until the project is accomplished. But on the other hand, accrued income occurs when a business receives an interest income from the company’s investments. Thankfully, the focus of this article is not to simply provide the idea of both terms; but to help you understand the process of making an accrued income that is a bit similar from the accrued revenue. And that part involves not only a guide but also a list of the income statement and the balance sheet templates you can possibly use to draft this type of financial document.

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10+ Accrued Income Templates in Google Docs | Word | Pages | Numbers | Excel | PDF

1. Income Statement Monthly Template

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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4 & US

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Calculating the net income requires you to state and record the monthly reports of your business. In doing that, you might need a copy of our Income Statement Monthly Template to help you manage the company’s monthly revenues and expenses. Download it now and edit using Google Docs, MS Word, and Apple Pages.

2. Income Statement Template

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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4 & US

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Income statements are financial documents a business needs to monitor the company’s financial growth and improvement. With the help of this Income Statement Template, you’ll be able to secure reports, record data, and gain receipts that might be of great importance to identify your company’s accrued income and revenue. If interested, you may grab a copy of this template today.

3. Restaurant Income Statement Template

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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4 & US

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Like all other businesses, a restaurant business needs constant financial monitoring to determine the annual expenses and revenues and to make a certain adjustment whenever there’s an error in accounting the finances. This Restaurant Income Statement Template can be your saving grace in performing the task. You may download and edit it using Google Docs, MS Word, and Pages file formats.

5 Steps to Make an Accrued Income/Revenue

Whether you are tasked to prepare an accrued income or asked to make an accrued revenue, this step-by-step guide can generally help you in the process of accruing an income/revenue in a future period. You may follow them religiously for the benefits of your business.

Step 1: Download a Template

The first step to making an accrual is by downloading a balance sheet template. The above templates can help you make an error-free financial statement that provides a quick and efficient summary of the company’s assets, liabilities, and investments. It is a useful tool you can use for the actual accrual accounting-process.

Step 2: Determine the Type of Accruals

Accruals are of many kinds. However, most of them can be categorized into two: the expense and the revenue. The first type is when a business company has received goods or services, but it has not made any payment yet. The latter one is when a business company has rendered the services or products to another company, yet payment has not been received. In your case, the differences between the two should be established, so you’ll know which type of accruals to pursue and to prepare.

Step 3: Keep Detailed Records

In order for you to make an accurate accrued income and revenue, you need to keep the detailed records of both the company’s income and expense. These records are of vital importance since they will serve as your basis in the accruing of the company’s investments and revenues in the future. It validates and feeds the accruals, and the accruals help your business grow. When the relationship of these things is clear to you, then there’s no problem proceeding to the next step.

Step 4: Use a Balance Sheet Method

The ultimate purpose of a company’s balance sheet is to identify what your business owns and owes, and what are at stake. This method follows a simple balance sheet equation: assets = liabilities + equity. You may use this method to make an accrued income/revenue of your own accurately.

Step 5: Reverse Accruals

Remember that accruals will continue to build up not until you reverse it. By reversing, it only means that you are canceling the prior month’s accruals. Hence, your business would need not to make any adjustment anymore to match the company’s revenue and expenses if an error occurs.

4. General Income Statement Template

Details
File Format
  • MS Word
  • Pages

Size: US, A4

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If you’re looking for an income statement template to help you summarize the company’s expenses and revenues, you can use and secure a copy of our General Income Statement Template. This template is fully editable and 100% customizable in all versions of MS Word and Apple Pages file formats. If this one interests you today, you may download it now!

5. Simple Income Statement Template

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File Format
  • MS Word
  • Pages

Size: A4, US

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An income statement template with a simple design or layout is more efficient to edit and to personalize. With that, our Simple Income Statement Template are made available for you today. Make haste! Never waste a rare opportunity. Download now to get started!

6. Restaurant Income Statement Quarterly Template

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File Format
  • MS Word
  • Pages

Size: A4, US

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Make this Restaurant Income Statement Quarterly Template as a primary tool to create a well-layout and a detailed quarterly income statement for your business restaurant. By using MS Word and Apple Pages, editing or customizing this template has never been this quick and fun. Get a copy for your business now!

7. Free Income Verification Letter

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File Format
  • Google Docs
  • MS Word
  • Pages

Size: A4 & US

Free Download

Income verification letter, otherwise know as a proof of income, is a document the states and verifies the income or salary earned by an individual. This type of letter can also be utilized by a company to record such data as part of the expenses on a monthly or yearly basis. Allow our Free Income Verification Letter template to help you draft one today. Download to start out!

8. Free Editable Monthly Income Blank Spreadsheet Template

Details
File Format
  • MS Excel
  • MS Word
  • Numbers
  • Pages

Size:  A4 & US

Free Download

Get this Free Editable Monthly Income Blank Spreadsheet Template in all file formats available in your personal computer or macOS device, such as MS Excel, MS Word, Numbers, and Apple Pages. Use the template to record the monthly income of your business. Edit with ease by using this spreadsheet. Download now!

9. Free Income Expense Sheet Template

Details
File Format
  • MS Excel
  • MS Word
  • Numbers
  • Pages

Size: A4 & US

Free Download

Are you on a hunt for a template to use in tracking your business’s income and expenses regularly? Great! You may download this Free Income Expense Sheet Template and customize it using MS Excel, MS Word, Number, and Pages for free. Don’t just stare at your screen. Download it now!

10. Balance Sheet Template

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File Format
  • MS Excel

Size: 53KB

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Balance sheets are the company’s financial statements used to provide data on assets, liabilities, and investments. For you to avoid a tedious process of drafting this finacial document, use and edit our Balance Sheet Template in MS Excel today. You can start right there and then when you download this balance sheet template.

11. Income Statement Example

Details
File Format
  • MS Excel

Size: 16KB

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Let this Income Statement Example be your guide to creating your income statements example and finding the company’s accrued income/revenue. You can directly access the file in a Microsoft Excel file format today. Start the process by downloading the template.

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