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BENEFITS OF DOCUMENT
The main purpose of the template is to enable user to prepare an operating budget to project company's performance and compare it with actual figures.
The structure is user friendly and practical and is suitable for any type of business.
The template includes major input data for calculations, P&L and Cash Flow Budget and Actual Reports and a Variance Analysis.
Update the Sales Breakdown section with the required data – Sales Volume, Price per Unit, Cost per Unit and Sales Growth percentage (%)
The template calculates revenue based on 5 Products. You may add more products, but remember to update the upper part of the sheet accordingly.
Fill in the Monthly Salary for each employee in the Salary Section
Fill in the Payroll Taxes Rates (%) in the Taxes Section. If a tax rate is not applicable in your country, enter zero in the cell
The Bonus section is based on 2 Scenarios. Select the Bonus Scheme from the drop-down list and update data in the input cells.
The template includes major categories of Operating Expenses that in most cases are suitable for any business
You can change a category based on your company's requirements
User needs to fill in all the input cells
PPE & Debt Schedules
Update Capex purchases and depreciation rate in the Depreciation Schedule Section
Update Long-Term and Short-Term Loan Data in the Debt Schedule Section
In case a type of Debt is not applicable in your company, enter zero in the "Loan Amount" cells (D21, D32)
P&L Budget – Actual
The P&L Budget Tab is automatically calculated based on the input data. User only needs to update the Income Tax percentage (cell D40)
The P&L Actual Tab is a representation of company's actual figures. User needs to complete the input cells for all months that have actual data.
Cash Flow Budget – Actual
The Cash Flow Budget Tab is calculated based on the assumptions of AR and AP Days.
User needs to update the percentages in the Assumptions Table and fill in the input cells in the Financing Cash Flow Section
The Cash Flow Actual Tab is a representation of company's actual figures. User needs to complete the input cells for all months that have actual data.
This tab produces a representation of the differences between actual and budgeted figures and the impact each category has on company's overall operating result.
The Waterfall Chart in the Charts Section illustrates company's variances based on a monthly or Year-to-Date user selection
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Budgeting & Forecasting Excel: Annual Operating Plan - Actual vs Budget Template Excel (XLSX) Spreadsheet, Profit Vision
ABOUT THE AUTHOR: PROFIT VISION
Profit Vision provides Consulting & Outsourced Financial Services as well as Financial Planning & Performance analysis to small and mid-size businesses by implementing efficient and effective tools to assist them with start-up business plans or improve their ongoing operations.
Our range of services include Financial & Operational Analysis, Business Planning, Budgeting & Forecasting, Cash Flow Planning, M&A/LBO Modeling, Business Valuations and more.
We also offer a collection of ready-to-use financial templates covering a variety of industries (Real Estate, Hospitality, Manufacturing, Energy, Food & Beverages, Retail, Healthcare, etc.), as well as tailor-made financial modeling services adjusted to customers' business requirements providing flexible solutions in building a bespoke forecast for their business.
Profit Vision has published 150 additional documents on Flevy.
This business document is categorized under the function(s): Corporate Finance Operations
It applies to All Industries
File Size: 181.8 KB
Related Topic(s): Budgeting & Forecasting
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): May 2, 2021
Most recent version published: May 4, 2021
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