NET WORTH
$____________________
BALANCE SHEET
PERSONAL FINANCIAL STATEMENT
__________________
Assets
Cash
Savings Accounts
Stocks, Bonds, Other Securities
Accounts/Notes Receivable
Life Insurance Cash Value
Rebates/Refunds
Auto/Other Vehicles
Real Estate
Vested Pension Plan /
Retirement Accounts
Other Assets
TOTAL ASSETS
Liabilities
Accounts Payable
Contracts Payable
Note Payable
Taxes Payable
Real Estate Loans
Other Liabilities
TOTAL LIABILITIES
TOTAL ASSETS
Less TOTAL LIABILITIES
Guidelines for Business Planning
___, 19___
$____________________
_____________________
_____________________
_____________________
_____________________
_____________________
_____________________
_____________________
_____________________
_____________________
$____________________
$____________________
_____________________
_____________________
_____________________
_____________________
_____________________
$____________________
$____________________
$____________________
__________________
___, 19___
Current Assets
Cash
Accounts Receivable
Inventory
$____________$______________
____________________________
____________________________
Fixed Assets
Real Estate
Fixtures, Equipment
Vehicles
____________________________
____________________________
____________________________
Other Assets
License
Goodwill
TOTAL ASSETS
____________________________
____________________________
$____________$______________
Current Liabilities
Notes Payable
(due within one year)
Accounts Payable
Accrued Expenses
Taxes Owed
$____________$______________
____________________________
____________________________
____________________________
Long-Term Liabilities
Notes Payable
(due after one year)
Other
TOTAL LIABILITIES
NET WORTH
(ASSETS minus LIABILITIES)
____________________________
____________________________
$____________$______________
$____________$______________
Page 8
TOTAL LIABILITIES plus NET WORTH should equal ASSETS
Guidelines for Business Planning
Page 9
CASH FLOW PROJECTIONS
Start-up or
prior to
loan
Month
1
Month
2
Month
3
Month
4
Month
5
Month
6
Month
7
Month
8
Month
9
Month
10
Month
11
Month
12
Cash (beginning of month)
Cash on hand
Total cash
Income (during month)
Cash sales
Collections from
customers
Other cash income
Total Income
TOTAL CASH AND
INCOME
Expenses (during month)
Inventory or new material
Wages
(including owner’s)
Taxes
Equipment expense
Overhead
Selling expenses
Transportation
Loan repayment
(principal)
Other cash expenses
TOTAL EXPENES
CASH ON HAND
(end of month)
Guidelines for Business Planning
Page 10
TOTAL
PROJECTED INCOME STATEMENT
Month
1
Month
2
Month
3
Month
4
Month
5
Month
6
Month
7
Month
8
Month
9
Month
10
Month
11
Month
12
TOTAL
Total Net Sales
Cost of Sales
GROSS PROFIT
Controllable Expenses
Salaries
Payroll Taxes
Security
Advertising
Automobile
Dues and Subscriptions
Legal and Accounting
Office Supplies
Telephone
Utilities
Miscellaneous
Total Controllable Expenses
Fixed Expenses
Depreciation
Insurance
Rent
Taxes and Licenses
Loan Payments (interest)
Total Fixed Expenses
TOTAL EXPENSES
NET PROFIT (LOSS)
(before taxes)
Guidelines for Business Planning
Page 11