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Financial Plan for better business future

Financial Plan for better business future

Whether this is an existing business or a new venture. You frequently have to plan and predict you business future on continues basis. There should be some realistic figures to follow your future planning. The best way to predict your future business figures is to make the financial plan. A Fianancial plan is a bit technically difficult to prepare for a non-accounting person. To show your projected figures in the best way you got to include the following things:
 
Projected Monthly & Yearly Income Statement, Cash Flow, Balance Sheet and Revenues Projections
Start ups expenses
Break Even Analyses
Ratio Analyses
Amortization schedule
Financial Assumptions
 
All the things should be perfect according to the accounting policies. Research Region is always ready to help the people need assistance in financial planing. An example of comprehensive financial plan showing all the above things is given as under:
 
 
 

INcome Statement

 

Income Statement 5 Years
- Year-1 Year-2 Year-3 Year-4 Year-5
Number Of customers 700 840 1008 1210 1452
Revenues $200,400 $344,400 $488,400 $632,400 $776,400
Salaries $48,000 $50,400 $52,920 $55,566 $58,344
Utilities $12,000 $12,600 $13,230 $13,892 $14,586
Insurance $2,400 $2,520 $2,646 $2,778 $2,917
Advertising $2,400 $2,520 $2,646 $2,778 $2,917
Misc $9,600 $10,080 $10,584 $11,113 $11,669
Rent $48,000 $50,400 $52,920 $55,566 $58,344
Interest $6,924 $7,424 $7,961 $8,537 $9,149
Depreciation $4,188 $4,188 $4,188 $4,188 $4,188
Total Operating expenses $133,512 $140,132 $147,095 $154,418 $162,115
Operating Income $66,888 $204,268 $341,305 $477,982 $614,285
Income Tax @30 % $20,066 $61,280 $102,392 $143,395 $184,286
Net Income $46,822 $142,987 $238,914 $334,588 $430,000

 

Income Statement 12 monthe
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
Number Of customers 56 5 5 5 5 5 5 5 5 5 5 5
Revenues $11,200 $12,200 $13,200 $14,200 $15,200 $16,200 $17,200 $18,200 $19,200 $20,200 $21,200 $22,200
Salaries $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Utilities $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Insurance $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Advertising $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Misc $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800
Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Interest $233 $230 $227 $223 $220 $217 $213 $210 $207 $203 $200 $196
Depreciation                       $4,188
Total Operating expenses $10,433 $10,430 $10,427 $10,423 $10,420 $10,417 $10,413 $10,410 $10,407 $10,403 $10,400 $14,584
Operating Income $767 $1,770 $2,773 $3,777 $4,780 $5,783 $6,787 $7,790 $8,793 $9,797 $10,800 $7,616
Income Tax @30 %                       $20,066
Net Income $767 $1,770 $2,773 $3,777 $4,780 $5,783 $6,787 $7,790 $8,793 $9,797 $10,800 -$12,451
                         
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
Net Income 766.666667 1769.92584 2773.20402 3776.50132 4779.81786 5783.1537 6786.5091 7789.884 8793.2786 9796.69301 10800.1273 -12450.7028
Revenues 11200 12200 13200 14200 15200 16200 17200 18200 19200 20200 21200 22200

 

 

 

Cash Flow Statement

 

Cash Flow Statement 5 Years 
- Year-1 Year-2 Year-3 Year-4 Year-5
 Net Profit   $         46,822  $       142,987  $       238,914  $       334,588  $          430,000
 Add depreciation   $           4,188  $           4,188  $           4,188  $           4,188  $               4,188
 Cash Flow From Operating activities   $         51,010  $       147,175  $       243,101  $       338,775  $          434,187
 New Floor   $         (6,000)        
 LLC CORP   $             (378)        
 WALL GLASS   $         (5,500)        
 BUILD OUT   $         (5,000)  $                  -    $                  -    $                  -    $                     -  
 EQUIPT   $       (25,000)        
 Cash Flow From Investing Activities   $       (41,878)  $                  -    $                  -    $                  -    $                     -  
 Capital Invested   $         25,000        
 Loan Received   $         40,000        
 Loan Repayment   $         (6,924)  $          (7,424)  $          (7,961)  $          (8,537)  $             (9,149)
 Cash Flow From Financing activities   $         58,076  $          (7,424)  $          (7,961)  $          (8,537)  $             (9,149)
 Opening Balance   $                 -    $         67,208  $       206,958  $       442,099  $          772,337
 Net Cash Balance   $         67,208  $       206,958  $       442,099  $       772,337  $       1,197,375

 

 

Cash Flow Statement Year-1 Monthly Break Ups
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
Net Profit  $              767  $           1,770  $           2,773  $           3,777  $               4,780  $         5,783  $         6,787  $         7,790  $         8,793  $         9,797  $       10,800  $      (12,451)
Add depreciation                        $          4,188
Cash Flow From Operating activities  $              767  $           1,770  $           2,773  $           3,777  $              4,780  $         5,783  $         6,787  $         7,790  $         8,793  $         9,797  $       10,800  $        (8,263)
New Floor  $         (6,000)                      
LLC CORP  $             (378)  $                  -    $                  -    $                  -    $                     -    $                -    $                -    $                -    $                -    $                -    $                -    $                -  
WALL GLASS  $         (5,500)  $                  -    $                  -    $                  -    $                     -    $                -    $                -    $                -    $                -    $                -    $                -    $                -  
BUILD OUT  $         (5,000)  $                  -    $                  -    $                  -    $                     -    $                -    $                -    $                -    $                -    $                -    $                -    $                -  
EQUIPT  $       (25,000)                      
Cash Flow From Investing Activities  $      (41,878)  $                  -    $                  -    $                  -    $                     -    $                -    $                -    $                -    $                -    $                -    $                -    $                -  
Capital Invested  $         25,000  $                  -    $                  -    $                  -    $                     -    $                -    $                -    $                -    $                -    $                -    $                -    $                -  
Loan Received  $        40,000  $                  -    $                  -    $                  -    $                     -    $                -    $                -    $                -    $                -    $                -    $                -    $                -  
Loan Repayment  $             (559)  $             (562)  $             (565)  $             (569)  $                (572)  $           (575)  $           (579)  $           (582)  $           (585)  $           (589)  $           (592)  $            (596)
Cash Flow From Financing activities  $        64,441  $            (562)  $            (565)  $            (569)  $                (572)  $           (575)  $           (579)  $           (582)  $           (585)  $           (589)  $           (592)  $           (596)
Opening Balance  $                 -    $         23,330  $         24,538  $         26,746  $            29,954  $       34,162  $       39,370  $       45,578  $       52,786  $       60,994  $       70,202  $        80,409
Net Cash Balance  $        23,330  $         24,538  $         26,746  $         29,954  $            34,162  $       39,370  $       45,578  $       52,786  $       60,994  $       70,202  $       80,409  $       71,551

 

Balance Sheet

 

 Balance Sheet 5 Years 
 -   Year-1   Year-2   Year-3   Year-4   Year-5 
 Cash   $         67,208  $       206,958  $       442,099  $       772,337  $        1,197,375
 Current Assets   $         67,208  $       206,958  $       442,099  $       772,337  $        1,197,375
 New Floor   $            6,000  $            6,000  $            6,000  $            6,000  $               6,000
 LLC CORP   $               378  $               378  $               378  $               378  $                   378
 WALL GLASS   $            5,500  $            5,500  $            5,500  $            5,500  $               5,500
 BUILD OUT   $            5,000  $            5,000  $            5,000  $            5,000  $               5,000
 EQUIPT   $         25,000  $         25,000  $         25,000  $         25,000  $             25,000
 Accumulated Depreciation   $            4,188  $            8,376  $         12,563  $         16,751  $             20,939
 Net Fixed Assets   $         37,690  $         33,502  $         29,315  $         25,127  $             20,939
 Total Assets   $       104,898  $       240,461  $       471,413  $       797,464  $       1,218,314
 Capital    $         25,000  $         25,000  $         25,000  $         25,000  $             25,000
 Accumulated Profits   $         46,822  $       189,809  $       428,723  $       763,310  $        1,193,310
 Total Equity Capital   $         71,822  $       214,809  $       453,723  $       788,310  $       1,218,310
 Bank Loan   $         40,000  $         33,076  $         25,652  $         17,690  $               9,154
 Loan Repayment   $            6,924  $            7,424  $            7,961  $            8,537  $               9,149
 Total Liabilities   $         33,076  $         25,652  $         17,690  $            9,154  $                       5
 Total Liabilities & Equity   $       104,898  $       240,461  $       471,413  $       797,464  $       1,218,314

 

 

Balance Sheet Monthly Break Ups Year-1
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
Cash $23,330 $24,538 $26,746 $29,954 $34,162 $39,370 $45,578 $52,786 $60,994 $70,202 $80,409 $71,551
Current Assets $23,330 $24,538 $26,746 $29,954 $34,162 $39,370 $45,578 $52,786 $60,994 $70,202 $80,409 $71,551
New Floor $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
LLC CORP $378 $378 $378 $378 $378 $378 $378 $378 $378 $378 $378 $378
WALL GLASS $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500
BUILD OUT $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
EQUIPT $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,188
Net Fixed Assets $41,878 $41,878 $41,878 $41,878 $41,878 $41,878 $41,878 $41,878 $41,878 $41,878 $41,878 $37,690
Total Assets $65,208 $66,416 $68,624 $71,832 $76,040 $81,248 $87,456 $94,664 $102,872 $112,080 $122,287 $109,241
Capital  $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
Accumulated Profits $767 $2,537 $5,310 $9,086 $13,866 $19,649 $26,436 $34,226 $43,019 $52,816 $63,616 $51,165
Total Equity Capital $25,767 $27,537 $30,310 $34,086 $38,866 $44,649 $51,436 $59,226 $68,019 $77,816 $88,616 $76,165
Bank Loan $40,000 $39,441 $38,879 $38,314 $37,746 $37,174 $36,598 $36,020 $35,438 $34,853 $34,264 $33,672
Loan Repayment $559 $562 $565 $569 $572 $575 $579 $582 $585 $589 $592 $596
Total Liabilities $39,441 $38,879 $38,314 $37,746 $37,174 $36,598 $36,020 $35,438 $34,853 $34,264 $33,672 $33,076
Total Liabilities & Equity $65,208 $66,416 $68,624 $71,832 $76,040 $81,248 $87,456 $94,664 $102,872 $112,080 $122,287 $109,241

 

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