Financial Plan Template

How to use this templateHow to use this templateSave the template (XLT file) to your computer. Double-click on it to create a new plan, then follow these steps:Step 1Set a starting point for your projectionsStart date1/1/09Step 2Set-up costsUse the set-up costs sheet to calculate the cost of setting up your business.Step 3Profit and loss forecastForecast your month-by-month profit and loss for the first 12 months of operations. Enter sales in the month when they're invoiced, rather than the month when they're paid.Step 4Cash flow forecastForecast your month-by-month cash flow for the first 12 months of operations. Enter sales revenue in the month when it's received, rather than the month when it's invoiced.Step 5Balance sheet forecastForecast your balance sheet position at the end of the first 12 months of operation. The balance sheet draws on the figures you've entered in your profit and loss forecast.Step 6Break-even analysisFind out how many sales you need to make in the first 12 months to cover your fixed costs and break even.TipsEnter figures in any white field. The yellow fields are calculated for you.Enter as much or as little information as you like. The more information you record, the better your analysis.By default, the sheets in this template are locked, so that the formulas cannot be changed. If you are a confident Excel user, you may wish to unlock a sheet and modify it.Please send any feedback or questions to cashflow@cba.com.auImportant informationThe figures shown in this Financial Forecast spreadsheet are intended as a guide only. It has been prepared without considering your objectives, financial situation or needs. Before acting on the calculations in this spreadsheet, you should consider its appropriateness to your circumstances. The Commonwealth Bank accepts no responsibility for any financial loss resulting from the use of this spreadsheet. We recommend you seek professional advice before acting on the information or calculations contained in it.

Set-up costsSet-up costsSetting up the businessAccountant's feesSolicitor's feesBusiness registrationDomain name registrationInsurance premiumsLicencesWorkers compensationSetting up the premisesLease deposit and advance rentFitoutUtility bonds and connectionStationery and office suppliesPlant and equipmentEquipmentVehiclesTelecommunicationsComputers and softwareStarting operationsAdvertising and promotionRaw materials and suppliesWorking capitalStart-up capitalEquity investmentBorrowingsTotal$0The resultTotal set-up costs$0Surplus funds0Borrowings required0

Profit and loss forecastProfit and loss forecastJanFebMarAprMayJunJulAugSepOctNovDecTotalsSalesSales (invoiced)$0.00Cost of goods sold$0.00Gross profit$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00ExpensesAccounting fees$0.00Advertising$0.00Bank charges$0.00Bank interest$0.00Depreciation$0.00Electricity and gas$0.00Equipment hire/lease$0.00Insurance$0.00Legal fees$0.00Motor vehicle expenses$0.00Postage, telephone and fax$0.00Stationery$0.00Rent$0.00Repairs and maintenance$0.00Security$0.00Sundries$0.00Superannuation$0.00Transport/courier costs$0.00Wages$0.00Workers compensation$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00Total$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00ResultNet profit$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00Gross profit marginNet profit margin

Cash flow forecastCash flow forecastJanFebMarAprMayJunJulAugSepOctNovDecTotalsStarting cash position$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00IncomingCash sales$0.00Collections from accounts receivable$0.00Other cash receipts$0.00Total$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00OutgoingFixed costs$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00AdministrationMarketingOperationsVariable costs$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00AdministrationMarketingOperationsTotal$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00ResultChange during month$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00Closing cash position$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Balance sheet forecastBalance sheet forecastAs atDecember 2009AssetsCurrent assets$0CashPetty cashAccounts receivableStockShort-term investmentPrepaid expensesLong-term investmentFixed assets$0LandBuildingsImprovementsEquipmentFurnitureMotor/vehiclesTotal assets$0LiabilitiesCurrent liabilities$0Accounts payableInterest payableTaxes payableIncome taxSales taxPayroll accrualLong-term liabilities$0BorrowingsTotal liabilities$0Net assets$0Owner's equityRetained earningsCurrent year earnings$0Total equity (should equal net assets)$0

Break-even analysisBreak-even analysisAverage selling price per unitAverage cost of each unitGross profit marginFixed costs$0Dollar sales to break evenNumber of unit sales to break even