If you select the Subsequent setting, the income tax amounts of the current period are not included in the calculation of the payment amount and the provision for income tax balance on the balance sheet at the end of the appropriate payment month will always include income tax for at least one month. This is determined based on the year-end period and the income tax assumptions on the Assumptions sheet. Loan Amortization Tables (Loans1 to Loans3 & Leases sheets). A dividend payable amount will then automatically be included on the balance sheet at year-end. Sales tax codes are defined on the Assumptions sheet and the code in column A next to the cost of sales & expense amounts on the income statement are used to determine the appropriate rate of sales tax to be used. You may makes use of the Business Plan Financial Projections Template Excel to develop a brand-new Excel data file, and fill in any data. Required fields are marked *. Just click on the download link (icon) and then save the design template on your hard generate. The financial projections template is … Simply replace the formula which links the inventory days assumption to the value on the Assumptions sheet by overwriting it with the appropriate inventory days value. That means you don’t need to alter the design, except if it is essential to do so. The template includes a detailed income statement, cash flow statement and balance sheet in Excel. Business Planning and Financial Forecasting: A Guide for Business Start-Up. When you elect the subsequent month option, the payment of the dividend will be included based on the relative position of the first month of payment in relation to the year-end period (which is determined based on the template start date at the top of the Assumptions sheet). Example: If you set a payment frequency of 1 month, first payment month of 1 and select the Current option, the payroll accruals on the balance sheet will always be nil because the current month's payroll accruals will be included in the payment calculation. If you want to include other income in the trade receivables or sales tax calculations, you need to add the income to the Turnover section as an additional line item. A dividends payable balance will be reflected on the balance sheet in all months until the payment month is reached. Each sheet provides for a different set of loan repayment terms to be specified. Example: If you do not want a particular turnover line to be included in the trade receivables calculation, you can include any sales tax rate followed by C0 in order to exclude the line in the trade receivables calculations. The template provides for 4 default sales tax codes, each with its own sales tax percentage. The only user input that is required on these sheets is the additional loan amounts in column C. Note: Refer to the instructions in the income statement - interest paid section and the balance sheet - non-current liabilities section for guidance on how these amortization tables have been compiled and where to include user input for each of these amortization tables. The trade payables balances on the balance sheet are calculated based on the creditors days assumption which is specified on the Assumptions sheet. The purchases for the first 12 months need to be entered on the cash flow statement and the purchases for year 2 to 5 need to be entered on the Assumptions sheet. Where sales tax is applicable, the appropriate sales tax value relating to monthly cost of sales & expenses will be added to the trade payables balance. All income statement and cash flow statement items need to be entered exclusive of any sales tax that may be applicable and the trade receivables and trade payables balances on the balance sheet will be calculated inclusive of sales tax. If you therefore want to increase or decrease these balances, you need to add the amount of the increase or decrease to the line with a matching description on the cash flow statement or Assumptions sheet. Example: If the standard rate sales tax code is V1 and the appropriate turnover line needs to be included in the calculation of trade receivables, the code V1C1 needs to be added in column A of the appropriate turnover line on the income statement. The taxation line item on the income statement is automatically calculated based on the profit before tax and the income tax assumptions which are specified on the Assumptions sheet. All monthly income statement projections need to be entered exclusive of any sales tax that may be applicable. The monthly cost of sales, operating expenses and staff costs on the income statement are added together in order to determine a monthly value on which the trade payables calculations should be based.


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