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HIGHLIGHTS
BENEFITS OF DOCUMENT
DOCUMENT DESCRIPTION
New Version Updates:
• Model is now suitable for either a Trade or Service Company
• Updated CAPEX and Depreciation calculations
• Updated Performance Dashboard
• Addition of Yr 1 and Forecast Direct Cash Flow Reports
• Addition of Breakeven Analysis
• Addition of Profitability Analysis
• Addition of KPI's and Financial Ratios
General Overview
In the present competitive world where there is competition prevailing everywhere, budgeting plays an important role as it helps in controlling the cost of the organization, maximize the profits and provide awareness to the organization about its future working and requirements.
This model is a flexible tool assisting users in creating a budget from scratch and forecast the company's results up to a 10-Year period.
The template is built using Financial Modeling Best practices and is fully customizable.
Template Structure
Inputs:
• Assumptions for 10 products or services (more can be added) including Number of Units or Services sold, Sale and Cost Price per Unit or Service
• Payroll: Calculation of salaries, taxes and bonus scheme for up to 10 employees (more can be added)
• Revenue & Cost of sales projections
• Capital Expenditures: Fixed and Intangible Assets inputs with calculation of depreciation and amortization
• Operating Expenses: Variable and Fixed Expenses inputs per cost center
• Customers and Suppliers payment term assumptions (used for Direct Cash Flow reports)
• Assumptions for 10 products or services (more can be added) including Number of Units or Services sold, Sale and Cost Price per Unit or Service
• Financing assumptions for Long-Term and Short-Term Loans
• Forecast Scenarios
Template Outputs
Budget Output Reports:
• Profitability Analysis showing the projected profit/loss for each product or service
• Direct Cash Flow Report
• Dynamic 3 Statement Model built from the inputs of "Actual" and "Budget" Tabs with the selection box being the main driver. The template assumes that the selected and all preceding months have actual figures (which should be updated in the Actual Tab) and the rest are budget figures
• Monthly Budget Report (calculated automatically using figures from the "Budget Inputs" sheets).
• Monthly Actual Report (user needs to manually input the figures for any month with actual data. As a general rule, at the end of each operating month, the user needs to update this tab)
• Variance Analysis presenting a comparison for Actual vs Budget figures at a Year-to-Date and a Monthly level.
Forecast Outputs Reports (dynamic functionality for up to 10 Years results):
• Annual Financial Statements (3 Statement model)
• Direct Cash Flow Report
• Breakeven Analysis
• Summary of various KPIs and Financial Ratios (Revenue & Cost Metrics, ROE, ROIC, Profit Margins, etc.)
• Business Performance Dashboard
Detailed instructions on the use of the model are included in the Excel file.
Help & Support
Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user's needs and comfort in mind.
No matter if you have no experience or you are well versed in finance, accounting, and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations!
If you however experience any difficulty while using this template and you are not able to find the appropriate guidance in the provided instructions, please feel free to contact us for assistance.
If you need a template customized for your business requirements, please e-mail us and provide a brief explanation of your specific needs.
Got a question about the product? Email us at support@flevy.com 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: Budgeting & Forecasting 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.
[read more]
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 144 additional documents on Flevy.
DETAILS
This business document is categorized under the function(s): Corporate Finance Operations
It applies to All Industries
File Size: 655.9 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): Jun 8, 2021
Most recent version published: Nov 15, 2021
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