Which sheets are primarily used for displaying income statements and balance sheets?

Standard Sheets are specifically designed to present financial reports such as income statements and balance sheets. They provide a structured layout that is optimal for displaying quantitative financial data and performing calculations where necessary. These sheets utilize predefined templates that align with common financial reporting standards, making it easier for users to understand and analyze financial performance.

With Standard Sheets, users can conveniently summarize financial results, track performance against budgets, and compare actual figures to forecasts. This is critical for financial management and analysis.

In contrast, Modeled Sheets are typically used for planning and scenario modeling, not for straightforward financial reporting. Configurable Sheets provide customization options and flexibility, but they may not have the built-in structure required for traditional financial statements. Permissions Sheets are primarily focused on managing access rights rather than displaying financial data. Thus, for the purpose of reporting income statements and balance sheets, Standard Sheets are the most suitable option.