Overview

 General Overview

The model is profit and loss statement with
variance analysis

The model is constructed for small business
to be used by financials and business owners

Why the model is important for your as
business owner?

The model gives the chance to business
owners to prepare the profit and loss statement in short time on monthly basis
by recording the revenue and expenses as well as to prepare the budget for 12
months

The profit and loss statement shows
your business’s revenue, expenses, cost and income on monthly basis.

Business owners can use the profit and
loss statement to determine whether they need to improve their bottom line by
increasing revenue or cutting cost.

As a business owner, you must track the
money going in and out of your company to keep your finances on track, on way
you can do this is by monitoring your profit and loss statement for your
business

The model is also a great tool for all
sized enterprises but need to add the balance sheet and cash flow

 Very simple to use, the user only needs
to fill the green cells in the green tabs for actual data and fill the green
cells in the orange tabs for 12 months budget and the outputs are updated
instantly

 When you select the current month in
the front page, the budget YTD, actual YTD are updated instantly

Inputs

Update the general info in the Front
Page

Select the current month by choosing the
selection box in the “Front Page” sheet, column D, row 18

Fill the actual data on monthly basis
in the green tabs, fill only the green cells

Fill the budget in the orange tabs,
Fill only the green cells

Outcome             

The data will dynamically flow in to
the following below

 -Profit and loss statement by month
including 3 major component, gross profit, operating and net profit

-Budget for 12 months including 3 major
component, gross profit, operating and net profit

-Variance analysis actual versus budget

Conclusion and customization

Highly versatile, very sophisticated
financial template and friendly user 

If you have any inquiry, please contact us

Reviews Add a review
No reviews yet

More From ECF Consultancy

Browse our top rated business templates. See All
Direct Cash Flow Statement for All Industries
164
0
General overview The direct cash flow template is a great tool when managing your firm’s finances, the template offers the…
Startup Business Plan - Rental Heavy Machinery
321
0
Industry Overview One of the major factors driving the growth of the market is the growing construction industry especially in…
Startup Business Plan - Boat Trip
584
1
 Industry Overview The sailing, sightseeing cruise, and boating tour space saw a 44% growth during the recent years. This industry…
Startup Business Plan - Concrete Production & Supply
567
0
Industry Overview The global concrete industry market is expected to significantly grow for the 10 coming years. Growing investments in…
Startup Business Plan - Consulting Firm
1,032
0
 What is Investment Consulting? An investment consulting is a financial professional who provides investors with investment products, advice and planning.…
Startup Business Plan - FMCG Distribution
1,067
0
 General overview It is not secret that starting any business plan from scratch is not easy.   If you dream…
See All