A two-year comparative income statement shows revenue and expenses over the current and previous years, how much revenue and expenses have increased or decreased, and the percentage they have increased or decreased. Use this template to create a two-year comparative income statement.
Essentials of having a comparative statement
Comparative financial statements are quite useful for the following reasons: Provides a comparison of an entity’s financial performance over multiple periods, so that you can determine trends. The statements may also reveal unusual spikes in the reported information that can indicate the presence of accounting errors.
Download and use Comparative statement Excel template
To use this free comparative statement excel template, you should have Microsoft Office/ Microsoft Excel installed in your system.
Once extracted, you can open the file using Excel and start entering data or customizing the template.