How to use this spreadsheet

This spreadsheet contains the 3 main financial statements you will need for your business:
profit and loss
cash flow
balance sheet.

Note: this spreadsheet has been locked by default, so that the formulas are protected. If you are an experienced Excel user, you may wish to unlock and modify the spreadsheet.

Set a start date for your financial plan and projections:

7/1/2013

Tips for filling out your spreadsheet

1. Save a copy of this spreadsheet to your computer.
2. On this first page, set a starting point (i.e. month) for your forecasts.
3. Use the tabs on the bottom of this spreadsheet to move between financial statements.
4. Enter figures into white cells only. Other cells will calculate figures automatically.
5. Only enter information that is applicable to your business.
6. Comments are included beside some items to give more information.
7. These spreadsheets are intended for use in forecasting, but you can use them to record actual financial position (and then examine variances).

Profit and loss forecast

Estimate your total revenue and expenses for each month of a 12-month period.
Exclude GST
For an accurate profit and loss forecast, exclude GST when calculating and inserting amounts for all revenue and expenses.

Cash flow forecast

Estimate your cash inflows and outflows for each month of a 12-month period. Cash sales occur at the time of sale. For credit sales, youll need to work out the timing of cash payments based
on your terms of credit (e.g. 30, 60 or 90 days).

Include GST
Include GST when inserting amounts for some cash inflows (particularly sales) and many cash outflows (particularly purchases).
Note: GST attributes vary for each business. We recommend talking to your accountant or business adviser before creating any forecasts for your business.

Balance sheet
Forecast your balance sheet position (assets and liabilities) at the end of 12 months.

Disclaimer
These spreadsheets are intended as a guide only and have been prepared without considering your specific financial situation or needs. We recommend working with your accountant or
business adviser to develop accurate financial spreadsheets for your business. The Queensland Government accepts no responsibility for financial loss resulting from the use of these
spreadsheets.
 For year ending: June 2014
Profit and loss forecast
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Totals
Revenue
Sales $0
Opening stock 0 0 0 0 0 0 0 0 0 0 0 0
plus Goods or materials purchased 0
less Closing stock 0
Total cost of goods or materials used $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Direct labour 0
Sub-contractors 0
Total labour $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cost of goods sold $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gross profit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other income 0
Net income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Expenses
Accounting fees 0
Advertising 0
Bank charges 0
Cleaning 0
Commission paid 0
Credit card fees 0
Depreciation 0
Discounts allowed 0
Donations 0
Equipment hire/lease 0
Freight 0
Insurance 0
Interest 0
Legal fees 0
Licences, permits, registrations etc. 0
Motor vehicle expenses 0
Printing, postage, and stationery 0
Rent 0
Repairs and maintenance 0
Security 0
Staff amenities 0
Subscriptions 0
Sundries 0
Superannuation 0
Telephone, fax, internet 0
Training 0
Transport/courier costs 0
Travel expenses 0
Utilities (water, gas, electricity) 0
Wages (gross) 0
Workers compensation 0
0
0
0
0
Total expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Result
Net profit before tax $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gross profit margin (%)
Net profit margin (%)
 For year ending: June 2014
Cash flow forecast
Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Totals
Cash inflow
Sales 0 0 0 0 0 0 0 0 0 0 0 0 0
Sale of assets
Capital injection
Other sources
Total cash inflow $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cash outflow
Goods or materials purchased 0 0 0 0 0 0 0 0 0 0 0 0 0
Expenses
Accounting fees 0 0 0 0 0 0 0 0 0 0 0 0 0
Advertising 0 0 0 0 0 0 0 0 0 0 0 0 0
Bank charges 0 0 0 0 0 0 0 0 0 0 0 0 0
Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0
Commission paid 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit card fees 0 0 0 0 0 0 0 0 0 0 0 0 0
Discounts allowed 0 0 0 0 0 0 0 0 0 0 0 0 0
Donations 0 0 0 0 0 0 0 0 0 0 0 0 0
Equipment hire/lease 0 0 0 0 0 0 0 0 0 0 0 0 0
Freight 0 0 0 0 0 0 0 0 0 0 0 0 0
Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Legal fees 0 0 0 0 0 0 0 0 0 0 0 0 0
Licences, permits, registrations etc. 0 0 0 0 0 0 0 0 0 0 0 0 0
Motor vehicle expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Printing, postage, and stationery 0 0 0 0 0 0 0 0 0 0 0 0 0
Rent 0 0 0 0 0 0 0 0 0 0 0 0 0
Repairs and maintenance 0 0 0 0 0 0 0 0 0 0 0 0 0
Security 0 0 0 0 0 0 0 0 0 0 0 0 0
Staff amenities 0 0 0 0 0 0 0 0 0 0 0 0 0
Subscriptions 0 0 0 0 0 0 0 0 0 0 0 0 0
Sundries 0 0 0 0 0 0 0 0 0 0 0 0 0
Superannuation 0 0 0 0 0 0 0 0 0 0 0 0 0
Telephone, fax, internet 0 0 0 0 0 0 0 0 0 0 0 0 0
Training 0 0 0 0 0 0 0 0 0 0 0 0 0
Transport/courier costs 0 0 0 0 0 0 0 0 0 0 0 0 0
Travel expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Wages (gross) 0 0 0 0 0 0 0 0 0 0 0 0 0
Workers compensation 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other items
Drawings (by owners) 0
Loan principal repayments 0
PAYG 0
GST payment / recovery 0
Other payments 0
Total other items $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total cash outflow $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Projected cashflow position

Opening cash balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change during month $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Closing cash balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Balance sheet forecast
for period ending: June 2014

Assets
Current assets $0
Cash 0
Short-term investments
Stock on hand 0
Accounts receivable
Other
Non-current assets $0
Land and building at cost
Plant and equipment at cost
Motor vehicle at cost
Office equipment at cost
Leasehold improvements at cost
Less depreciation
Intangible assets $0
Goodwill
Other
Total assets $0

Liabilities
Current liabilities $0
Bank overdraft
Short-term loans
Trade creditors
Other
Non-current liabilities $0
Proprietor's loans
Secured loans
Other
Total liabilities $0

Owner's equity
Total assets 0
Less total liabilities 0
Owner's equity $0