Every business is set up to make profit; its financial statement reflects the company’s business plan’s success or failure by being in the black or in the red.
The financial statement is proof of the business’ financial health. It is an important document that would be publicly showcased every year, especially when the company is a public-listed company. Its financial business plan statement is a declaration to the shareholders, public, financial authorities and other related governing bodies that the company is financially sound.
A financial business plan statement comprises essential sections such as income, revenue, balance sheet, assets and stock. Each section is very important to reflect the current status of the company.
A financial business plan template may contain:
* Company’s Name & Address
* Financial Year of Company
* Date of Presentation
* Income statement
* Revenue statement
* Balance sheet
* Assets sheet
* Stock sheet
The income statement and balance sheets are the more popular sections of the financial business plan statement that identify the cash flow into the company and the available funds at the fiscal year end.
The balance sheet reflects the final amount after the expenses are removed from the income which gives a good view of the viability of the business. It includes the assets, liabilities and shareholder equity information.
A financial business plan template can enable a company to draw up its financial statement quickly as it is an annual document.
Consider the attached sample template for your convenience.