DESCRIPTION
The Professional Services Budget Template offers businesses and self-employed individuals an exceptional financial planning solution that is both versatile and adaptable. Its applicability is not limited to specific industries, making it an essential tool for a wide range of service-oriented industries, including consulting, healthcare, finance, cleaning, and more.
The template's features enable efficient management and monitoring of multiple projects and clients, facilitating projections for revenue, expenses, and other costs. The projection results can be broken down by project or client, making it easier to allocate resources and manage finances.
The template's framework comprises assumptions and forecasts for the Profit and Loss (P&L) statement, Balance Sheet (BS), and Cash Flow Statement (CF). It also includes detailed predictions for various cost categories, such as payroll, rent, marketing expenses, and more. The detailed instructions for inputting data on each worksheet make it easy to use.
The functionality of the professional services budget template:
• Separate Profit and Loss budget, Balance Sheet, and Cashflow budget
• Salary accounting by a person or by the project
• Plan a wide range of your company's expenses
• Forecast payroll (both for administration and sales force)
• Forecast possible payments to suppliers
• Quickly change the most important assumptions
• Changes will be automatically reflected in all positions of the budget
• Quickly analyze different scenarios and adjust your plans depending on the situation
Overall, the Professional Services Budget Template provides businesses and individuals with a powerful financial planning solution. Its versatility and adaptability make it an essential tool for businesses in various industries, allowing for efficient financial planning and management of resources.
Do not hesitate to contact us if you're looking adjustments or request a completely customized financial template with your company's data (operational budgets, cashflow projections, valuation models, cost analysis and other models).
The customization services are performed by the same team of analysts that organizes the Financial Modeling World Cup (our group's company). The Financial Modeling World Cup is the world's largest financial modeling competition, enjoyed by top-class modelers from all over the world.
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 Integrated Financial Model Excel: Professional Services Financial Planning Model Excel (XLS) Spreadsheet, Andrew Grigolyunovich
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