Template for Financial Plan

1. IncomeStatement
YOUR BUSINESS NAME
Income Statement for the year ending _____________
(Row listing each month)
REVENUE
REVENUE: Services
Service 1
Service 2
Service 3
TOTAL REVENUE: Services
REVENUE: Miscellaneous
Bank Interest
TOTAL REVENUE: MISCELLANEOUS
TOTAL REVENUE
EXPENSES
DIRECT COSTS
Materials
Equipment Rentals
Salary
Wages
TOTAL DIRECT COSTS
GENERAL AND ADMINISTRATION
Accounting and Legal Fees
Advertising and Promotion
Bad Debts
Bank Charges
Depreciation and Amortization
Insurance
Interest
Office Rent
Telephone
Utilities
Credit Card Commissions
Credit Card Charges
TOTAL GENERAL AND ADMINISTRATION
TOTAL EXPENSES
NET INCOME BEFORE INCOME TAXES
INCOME TAXES
NET INCOME

2. Cash Flow Projection
CASH FLOW PROJECTIONS
(Add a row of monthly headings to cover one year period)
CASH REVENUES
-Revenue from Product Sales
-Revenue from Service Sales
TOTAL CASH REVENUES
CASH DISBURSEMENTS
-Cash Payments to Trade Suppliers
-Management Draws
-Salaries and Wages
-Promotion Expense Paid
-Professional Fees Paid
-Rent/Mortgage Payments
-Insurance Paid
-Telecommunications Payments
-Utilities Payments
TOTAL CASH DISBURSEMENTS
RECONCILIATION OF CASH FLOW
-OPENING CASH BALANCE :
-ADD: TOTAL CASH REVENUES
-DEDUCT: TOTAL CASH DISBURSEMENTS
CLOSING CASH BALANCE
Balance Sheet

3. YOUR COMPANY NAME
BALANCE SHEET As At __________ (Date)
ASSETS
Current Assets
Cash in Bank
Petty Cash
Net Cash
Inventory
Accounts Receivable
Prepaid Insurance
Total Current Assets
Fixed Assets
Land
Buildings
Less Depreciation
Net Land & Buildings
Equipment
Less Depreciation
Net Equipment
TOTAL ASSETS
LIABILITIES
Current Liabilities
Accounts Payable
Vacation Payable
Federal Income Tax Payable
Total Canada Customs & Revenue
WCB Payable
Pension Payable
Union Dues Payable
Medical Payable
Total Current Liabilities
Long-Term Liabilities
Long-Term Loans
Mortgage
Total Long-Term Liabilities
TOTAL LIABILITIES
EQUITY
EARNINGS
Owner's Equity - Capital

4. Retained Earnings
Current Earnings
Total Earnings
TOTAL EQUITY