An income statement for a small business is simply a financial document that sums up the total revenue and expenses of a company over a given period of time. Revenue, or the money made from sales and services, are always listed at the top of the statement. This is followed by the operational and non-operational expenses that were incurred in order to run the business during this time. The bottom line on an income statement is net income, which is the company’s total profits minus all expenses. Keeping track of these essential figures can give a business owner valuable insight into their financial performance and help them make better decisions in the future!