Operating Expenses Income Statement (OIS) is a financial report that details the cost of producing goods or services in an organization. It includes all expenses associated with operating a business, such as administrative costs, labor, materials, taxes, and depreciation. OIS looks at how well a company utilizes its resources to generate income- meaning it takes into account both the cost of running the business and how much money is being made from its operations. By understanding where their money is going and how it’s being used, businesses can make informed decisions when it comes to budgeting and managing their finances.