format of projected statements

8/13/2019 Format of Projected Statements

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Robert J. Rutledge, Chartered Accountant

Preparing Your Financial ProjectionsInstructions

The template is organized in six steps:

Step 1 - Company information

Step 2 - Costs and Financing, and a loan schedule (Step 2A).

Step 3 - Sales

Step 4 - Cost of Sales

Step 5 - Salaries and wages

Step 6 - Operating costs

Once you have completed all the steps, you can move to:

Projected Income Statement

Projected Balance Sheet

Projected Statement of Cash Flows

Proceed now to Step 1 - Company Information.


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Financial Projections TemplateWorksheet

Step Two - Start-up Costs and Financing3) Financing

In the spaces below enter how the above opening assets are going to be

financed. The total financing must agree to the total assets above.

$Long-term liabilities

Long-term loan (See instructions) - This value must be entered

in step 2A.

Owner's equity

Cash -

Contributed asset value -

Total (must agreed to total assets) -

Once you are in balance, proceed to Step 2A - Loan Schedule.


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Step Three - Sales Forecasts

1) For each product or service you will be selling, enter your sales forecasts by month

for the next three years.

2) Try to consider any seasonal fluctuations which may apply to your business.

3) Enter dollar amounts only.

4) Enter the actual month, and the product or service name.

Sales Forecast - Year One

Product #1 Product #2 Product #3 Total

Month ________ ________ ________

1 -

2 -

3 -

4 -

5 -

6 -

7 -

8 -

9 -10 -

11 -

12 -Total - - - -


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Step Three - Sales Forecasts

Sales Forecast - Year Two


Month ________ ________ ________

1 - -

2 - -

3 - -

4 - -

5 - -

6 - -

7 - -

8 - -

9 - -

10 - -

11 - -

12 - -Total - - - -

Sales Forecast - Year Three


Month ________ ________ ________

1 - -

2 - -3 - -

4 - -

5 - -

6 - -

7 - -

8 - -

9 - -

10 - -

11 - -

12 - -

Total - - - -


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Step Four - Cost of Sales

Cost of Sales Forecast - Year Two


________ ________ ________

Sales (from step 3) - - - -

Cost of Sales

Enter % 50% - - - -

or enter specific expenses

and amounts.

Purchases - - - -

Labour - - - -

Overhead - - - -

Other - - - -

Other - - - -

Total Cost of Sales - - - -

Gross Margin - - - -


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Step Four - Cost of Sales

Cost of Sales Forecast - Year Three


________ ________ ________

Sales (from step 3) - - - -

Cost of Sales

Enter % 50% - - - -

or enter specific expenses

and amounts.

Purchases - - - -

Labour - - - -

Overhead - - - -

Other - - - -

Other - - - -

Total Cost of Sales - - - -

Gross Margin - - - -


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Step Five - Salaries & Wages

1) Salary costs can be one of your major expenses and should be carefully planned

out. Enter your estimated salary expenses, by individual if possible, for the next

three years.

2) Also, at this time, enter your management salaries. In most cases this will be

what you want to pay yourself.

Annual Salary:

Year One Year Two Year Three

General salaries and benefits:

Position: Name:

- - -

Estimated benefits (10%) - - -

Total salaries and benefits - - -

Annual Salary:Year One Year Two Year Three

Management salaries

Position: Name:

- - -

Estimated benefits (7%) - - -

Total management salaries - - -

Total salaries - - -

Proceed to Step 6 where to enter your remaining operating costs.


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Step Six - Operating Costs

1) Enter your estimated operating expenses for the next three years.

Year One Year Two Year Three

$ $ $

Advertising

Automotive

Bank charges

Business taxes

Casual wages

Dues, licenses and fees

Insurance

Misellaneous expenses

Office costs

Postage

Professional fees

Property taxes

Repairs and maintenance

Rent

Telephone

Utilities

Other_____________________

Other_____________________ Other_____________________

Other_____________________- - -


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________________________________

Projected Income Statement

For For First Three Years of Operations

12/31/2013 12/31/2014 12/31/2015

$ $ $

SALES - - -

COST OF SALES - - -

GROSS MARGIN - - -

OPERATING COSTS

Advertising - - -

Automotive - - -Bank charges - - -

Business taxes - - -

Casual wages - - -

Depreciation - - -

Dues, licenses and fees - - -

Insurance - - -

Interest on long-term debt

Management salaries - - -

Misellaneous expenses - - -

Office costs - - -

Postage - - -

Professional fees - - -Property taxes - - -

Repairs and maintenance - - -

Rent - - -

Salaries and benefits - - -

Telephone - - -

Utilities - - -

Other_____________________ - - -

Other_____________________ - - -

Other_____________________ - - -

Other_____________________ - - -

- - -

INCOME BEFORE TAXES - - -

INCOME TAXES - - -

NET INCOME - - -

2


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________________________________

PROJECTED BALANCE SHEET

For the Three Years Ending

Opening 12/31/2013 12/31/2014 12/31/2015

$ $ $ $ASSETS

CURRENT

Cash - #REF! #REF! #REF!

Accounts receivable - - - -

Inventory - - - -

Other assets - - - -

- #REF! #REF! #REF!

CAPITAL ASSETS

Land - - - -

Building - - - -Equipment - - - -

Furniture and fixtures - - - -

Leasehold improvements - - - -

Computer equipment - - - -

Automotive equipment - - - -

Other - - - -

- - - -

Accumulated depreciation - - - -

- - - -

- #REF! #REF! #REF!

LIABILITIES

CURRENT

Accounts payable - - - -

Income taxes payable - - - -

Current portion of long-term debt

- - - -

LONG-TERM DEBT

Long-term loan

Less current portion

OWNER'S EQUITY

Cash - - - -

Contributed asset value - - - -

Accumulated earnings - - - -

- - - -

- - - -

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