![]() As you work toward your business goals, check how your small business is performing against your financial projections. Use the sum formula feature to calculate your estimated profit or loss for each month. In the third column, input your estimated expenses for each month. In the second column, input your estimated sales for each month. In the first column, input the months of the year. Just like you can use Excel for sorting your business’s historical financial records, you can use this program to plan your business’s future. You can use the sum formula feature in Excel to calculate the totals.įinancial projections are estimates of your small business’s future financial performance. Then, input the estimated income and expenses for your small business for the past 12 months. To do this in Excel, open a new workbook and add columns for income, expenses, and totals. The first step in creating a financial plan for your small business is to create a budget. To use Excel for creating your small business financial plan, do the following:ġ. Because you’ll be organizing and analyzing a lot of numbers, it’s helpful to have a tool like Excel that does the math and sorting for you. Ways to create a small business financial plan using Microsoft ExcelĪ typical financial plan may include income statements, balance sheets, cash flow records, and other data-heavy paperwork for your small business. A detailed financial plan can help your small business grow. ![]() It includes data on how your small business has handled money in the past, and you can use that information to plan how the finances may work in the future. ![]() Learn how to use Microsoft Excel to create a small business financial plan on your Surface laptop or 2-in-1 PC.Ī financial plan is an outline that includes every way your small business hopes to earn and spend money. Microsoft Excel is a powerful tool that can help you create and manage your financial plan. As a small business owner, it's crucial to have a financial plan in place to ensure the long-term success of your business.
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