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Income statement: Your income statement reports on revenue, expenses and net income (profit) for a period of time, usually a month or year. The business plan financial section for most businesses tends to concentrate on the income statement and fails to get to grips with the accounting balance sheet. Use this pro forma balance sheet template to help manage your business assets and make monetary projections.
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As a consulting company, we do not need a great deal in the way of assets, so the largest factor in the Balance Sheet is our cash balance.
By examining a sample balance sheet and income statement, small businesses can better understand the relationship between the two reports.
Balance sheet basically is a detailed list of assets, liabilities and the total value of the shareholders' equity usually at the end of an accounting year. Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well. Your plan should be focused and clear.
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