An effective plan can inform business decisions, provide documentation for investors and other stakeholders, and serve as a guide to help you reach objectives. Some businesses may choose to work with financial consultants or use software to manage financials, but for some teams, templates offer an easy method to begin strategic planning.
These free templates are designed for users with a wide range of experience levels, and offer professional quality along with simplicity. Excel Smartsheet. This business budget template provides a mix of detailed spreadsheets and graphical data reports. You can estimate expenses, track actual expenditures, and view variances, all of which are summarized by month and visually represented in charts.
This information allows you to create a comprehensive business financial plan template. Watch the demo to see how you can more effectively manage your team, projects, and processes with real-time work management in Smartsheet.
Watch a free demo. Designed for projects, this template allows you to list costs for each task. Depending on the type of project, you may include hourly services that contract employees provide, equipment costs, or other expenses. Create an estimated budget and then compare actual expenses to help with financial planning on future projects. Use this sales forecast template to create financial projections for individual products on a monthly and annual basis.
You can also track sales performance over time and compare figures from previous years. Color-coded cells make it easy to view data for each month, and the template calculates monthly and annual totals. This budget template lists the many expenses involved in an event, from venue rentals to programming and advertising. It also compiles the data you enter into visual charts so that you can quickly get an idea of your event budget allocation.
Word Smartsheet. Create a financial strategic action plan with this Word template. Once you have created a comprehensive financial plan, use it as a living document, just like you would a business plan.
You should review and update financial templates regularly in order to assess progress, provide accountability and accuracy, and ensure that it continues to meet your needs.
This template provides a summary report of financial data with a dashboard view, which makes it easy to compile and quickly review information. Use the template to measure product performance, view sales data, and chart annual revenues or other financial information. Similar to a budget template, you can track both estimated and actual costs, and make adjustments as needed.
Identifying startup expenses can support your business planning process and help ensure that you have adequate financial resources to reach your goals. A break-even analysis shows when a business will meet all of its expenses and begin to reach financial profitability.
To do this analysis, enter your fixed and variable expenses into the template and the pre-set formulas will calculate how much revenue a business needs to break even. Create an annual financial report for your business that shows key metrics in an easy-to-read format. It looks like this:. Separating your plan into these three distinct phases will give you just the right balance of those two types of connections motivational and rational necessary to create real results.
But you must have all three phases for this to work. And if you just have the short-term milestones? The entrepreneurial world and our world in general changes much too quickly for that. Keep in mind that here you are defining what you want to do, not how you want to do it.
Only looking three years in the future is still pretty far out. To make sure you actually reach that vision, you need to break things down even more.
This will help increase that motivational connection without losing any of the rational connection and help you make more short-term progress. To create your one-year goals, consider the type of work that needs to be done to achieve your three-year vision. Then, take roughly one-third of that work from the vision and make that your one-year goal. As an example, if your three-year vision is to have new clients, your one-year goal might be to have 25 new clients. Also called profit and loss statements , these income statement templates will empower you to make critical business decisions by providing insight into your company, as well as illustrating the projected profitability associated with business activities.
The numbers prepared in your income statement directly influence the cash flow and balance sheet forecasts. Use this pro forma income statement template to project income and expenses over a three-year time period.
Pro forma income statements consider historical or market analysis data to calculate the estimated sales, cost of sales, profits, and more. Small businesses can use this simple profit and loss statement template to project income and expenses for a specific time period. Enter expected income, cost of goods sold, and business expenses, and the built-in formulas will automatically calculate the net income.
Use this income statement template to calculate and assess the profit and loss generated by your business over three years. This template provides room to enter revenue and expenses associated with operating your business and allows you to track performance over time. Use these free cash flow statement templates to convey how efficiently your company manages the inflow and outflow of money.
Use this basic cash flow template to compare your business cash flows against different time periods. Enter the beginning balance of cash on hand, and then detail itemized cash receipts, payments, costs of goods sold, and expenses.
Once you enter those values, the built-in formulas will calculate total cash payments, net cash change, and the month ending cash position. Use this cash flow forecast template, also called a pro forma cash flow template, to track and compare expected and actual cash flow outcomes on a monthly and yearly basis. Enter the cash on hand at the beginning of each month, and then add the cash receipts from customers, issuance of stock, and other operations.
Finally, add the cash paid out purchases made, wage expenses, and other cash outflow. Once you enter those values, the built-in formulas will calculate your cash position for each month with. Use this cash flow statement template set to analyze the amount of cash your company has compared to its expenses and liabilities. This template set contains a tab to create a monthly cash flow statement, a yearly cash flow statement, and a three-year cash flow statement to track cash flow for the operating, investing, and financing activities of your business.
Use these free balance sheet templates to convey the financial position of your business during a specific time period to potential investors and stakeholders. Small businesses can use this pro forma balance sheet template to project account balances for assets, liabilities, and equity for a designated period. Established businesses can use this template and its built-in formulas to calculate key financial ratios, including working capital.
You can also use this template to project your financial position for a specified time in the future. Once you complete the balance sheet, you can compare and analyze your assets, liabilities, and equity on a quarter-over-quarter or year-over-year basis. This template also provides calculations for common financial ratios with built-in formulas, so you can use it to evaluate account balances annually.
Sales projections are a fundamental part of a business plan, and should support all other components of your plan, including your market analysis, product offerings, and marketing plan. Use these sales forecast templates to estimate future sales, and ensure the numbers align with the sales numbers provided in your income statement. Use this basic forecast template to project the sales of a specific product.
Gather historical and industry sales data to generate monthly and yearly estimates of the number of units sold and the price per unit. Then, the pre-built formulas will calculate percentages automatically. Use this sales forecast template to project the future sales of a business across multiple products or services over the course of a year.
Enter your estimated monthly sales, and the built-in formulas will calculate annual totals. There is also space to record and track year-over-year sales, so you can pinpoint sales trends. Use this sales forecast template to estimate the monthly and yearly sales for multiple products over a three-year period.
Enter the monthly units sold, unit costs, and unit price. Once you enter those values, built-in formulas will automatically calculate revenue, margin per unit, and gross profit. This template also provides bar charts and line graphs to visually display sales and gross profit year over year.
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