{"id":17887,"date":"2019-05-31T14:09:55","date_gmt":"2019-05-31T14:09:55","guid":{"rendered":"https:\/\/www.process.st\/templates\/financial-plan-template\/"},"modified":"2024-02-28T23:01:44","modified_gmt":"2024-02-28T23:01:44","slug":"financial-plan-template","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/financial-plan-template\/","title":{"rendered":"Financial Plan Template"},"content":{"rendered":"<section id=\"introduction\">\n<h2>Introduction:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/ofF289FFiEW9yv72NBlMsg.png\" alt=\"Process Street - Financial Plan Template\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/ofF289FFiEW9yv72NBlMsg.png\"> <\/a><figcaption>\n     Process Street - Financial Plan Template<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-blockquote\" style=\"text-align: center;\"><span>''By failing to prepare, you are preparing to fail'' - Benjamin Franklin<\/span><\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p><strong><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Plan Template is a guide to aid you through the process of producing a financial plan for your small business.<\/strong><\/p>\n<p>The financial plan template should be used in conjugation with <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s <a href=\"https:\/\/www.process.st\/templates\/financial-planning-process\/\" rel=\"nofollow noopener\" target=\"_blank\">financial planning process<\/a>. Once the financial planning process has been completed, the financial plan template can begin, utilizing the information obtained from the financial planning process.<\/p>\n<p><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Plan Template has condensed the process of creating a financial plan into the following tasks:<\/p>\n<ul>\n<li>Profit And Loss Statement&nbsp;<\/li>\n<li>Cash Flow Statement&nbsp;<\/li>\n<li>Balance Sheet<\/li>\n<li>Sales Forecast&nbsp;<\/li>\n<li>Personnel Plan<\/li>\n<\/ul>\n<p>As mentioned before in the Financial Planning Process,&nbsp;<a href=\"https:\/\/www.score.org\/\" rel=\"nofollow noopener\" target=\"_blank\">78%<\/a> of small businesses fail due to the lack of a well-developed business plan, <a href=\"https:\/\/www.score.org\/\" rel=\"nofollow noopener\" target=\"_blank\">77%<\/a> fail due to incorrect pricing, and <a href=\"https:\/\/www.score.org\/\" rel=\"nofollow noopener\" target=\"_blank\">79%<\/a> fail due to starting out with too little money.<\/p>\n<p>The above are<strong> failings which can be avoided with an effective financial plan.&nbsp;<\/strong><\/p>\n<p><strong>The aim of <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Plan Template is to help you produce a financial plan for your small business, to prevent business failure, and to enable you to actively plan ahead.<\/strong><\/p>\n<p>In this template, you will be presented with specialized questions given as a form field. Different form fields are used, such as subtasks, dropdown menus, short answers, long answers, and weblinks.<\/p>\n<p>You can populate each form field with your own specific data.&nbsp;<\/p>\n<p>Our <a href=\"https:\/\/www.process.st\/help\/docs\/stop-tasks\/\" rel=\"nofollow noopener\" target=\"_blank\">stop task<\/a> feature has been used to enforce task order when needed.&nbsp;<\/p>\n<p>In addition, our <a href=\"https:\/\/www.process.st\/help\/docs\/conditional-logic\/\" rel=\"nofollow noopener\" target=\"_blank\">conditional logic<\/a> task has been used as required to guide you through the correct process path specific for your entered data.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"record-checklist-details\">\n<h2>Record checklist details<\/h2>\n<div class=\"text-content\">\n<p><span>In this Financial Plan Template, you will be presented with the following form fields, which you are required to populate with your own specific data. More information is provided for each form field via linkage to our help pages:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/how-subtask-work\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Subtasks&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Dropdown<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Short Text<\/span><\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Date<\/span><\/a><\/li>\n<li><span><a href=\"https:\/\/www.process.st\/help\/docs\/using-email-widget\/\" rel=\"nofollow noopener\" target=\"_blank\">Email widget&nbsp;<\/a><\/span><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Entering email address&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Website&nbsp;<\/span><\/a><\/li>\n<\/ul>\n<p><span>To begin the Financial Plan Template, enter the required details into the form fields below.<\/span><\/p>\n<p><span>This task is a <strong>stop task<\/strong>. You cannot move forward in this Financial Plan Template until tasks are complete.<\/span><\/p>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Your full name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Your business name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 1 (street address) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 2 (apartment, suite, unit) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> City <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> ZIP code <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Country <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Financial Plan Template start date <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-danger\">Please note there is no set way to complete a financial plan. You can adapt this template yourself to&nbsp;suit your unique needs using our <a href=\"https:\/\/www.process.st\/help\/docs\/editing-templates\/\" rel=\"nofollow noopener\" target=\"_blank\">template editing feature<\/a>.&nbsp;<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"consider-whether-you-would-like-an-accountant-to-review-your-financial-plan\">\n<h2>Consider whether you would like an accountant to review your financial plan<\/h2>\n<div class=\"text-content\">\n<p>We recommend you <strong>hire an accountant<\/strong> to check through your financial plan.<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Have you hired an accountant to review your financial plan? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"record-accountant-contact-details\">\n<h2>Record accountant contact details<\/h2>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Accountant - First name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Accountant - Last name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"profit-and-loss-statement\">\n<h2>Profit and loss statement:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jbNqdE5POunO_gTPLKtL7Q.jpg\" alt=\"Profit and loss statement:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jbNqdE5POunO_gTPLKtL7Q.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"consult-your-profit-and-loss-statements\">\n<h2>Consult your profit and loss statements<\/h2>\n<div class=\"text-content\">\n<p>To complete a financial plan for your business, you must first be sure to have a<strong> completed and up to date financial statements&nbsp;<\/strong>with the relevant forecast projections.<\/p>\n<p><span>See&nbsp;<\/span><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s financial planning process to see how you can forecast values in the financial statements for future planning and build your financial model.&nbsp;<\/span><\/p>\n<p>In this section of the Financial Plan Template, you will be consulting your up to date profit and loss statements, and forecast profit and loss statement values.<\/p>\n<p>In the file upload widget below, you can upload your profit and loss statements including future forecasts created in your financial model.<\/p>\n<p>Alternatively, you can provide a link to online documentation, such as a Google excel sheet.<\/p>\n<p>Once you have consulted the uploaded\/linked profit and loss statement, you can complete the subtasks, checking off each subtask when it is completed.<\/p>\n<\/p><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload your most recent profit and loss statement <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Consider the following:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Cost of sale or goods sold\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Your revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Profit and loss statements are usually provided at each fiscal year quarter. They <a href=\"https:\/\/www.investopedia.com\/terms\/p\/plstatement.asp\" rel=\"nofollow noopener\" target=\"_blank\">provide a summary of your companies revenue, costs, and expenses.<\/a><\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-your-current-gross-margin\">\n<h2>Calculate your current gross margin<\/h2>\n<div class=\"text-content\">\n<p>You can use your calculated net revenue to calculate your current gross margin using the formula below.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Gross Margin = Net Income \/ Revenue&nbsp;<\/h3>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Gross margin is a profitability ratio representing leftover dollar or revenue after paying cost of goods sold.&nbsp;<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"list-your-current-operating-expenses\">\n<h2>List your current operating expenses<\/h2>\n<div class=\"text-content\">\n<p>Consult your profit and loss statement once more, and <strong>make a list of your current operating expenses and your forecast operating expenses<\/strong>. You can use the <strong>web link form field<\/strong> below to link online documentation, such as a Google document, of this list.&nbsp;<\/p>\n<p>Alternatively, you can upload this list as a file using our<strong> file upload widget<\/strong>.<\/p>\n<\/p><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\"><a href=\"https:\/\/www.investopedia.com\/terms\/o\/operating_expense.asp\" rel=\"nofollow noopener\" target=\"_blank\">Operating expenses<\/a> are defined as fixed expenses, occurred during the normal operations of a given business. Operating expenses do not fluctuate with revenue strength.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-relevant-calculations-for-each-month\">\n<h2>Calculate the relevant calculations for each month<\/h2>\n<div class=\"text-content\">\n<p><strong>To visualize the running of your business<\/strong> with a broader view, it is important to <strong>consider your finances for each month you have so far been operational in.<\/strong><\/p>\n<p>Check each month you will be considering in your calculations. The <strong>multiple choice form field<\/strong>&nbsp;provided represent a <strong>conditional logic step<\/strong> in the Financial Plan Template. Selecting a specific month will direct you to the relevant stage in this process.<\/p>\n<\/p><\/div>\n<div class=\"multi-choice-content form-field-content\">\n<div class=\"form-group\">\n   <label> Check each month you will be considering in your calculations. <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"\">Multiple options can be selected from this list<\/option><\/select>\n  <\/div>\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      January\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      February\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      March\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      April\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      May\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      June\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       7\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      July\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       8\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      August\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       9\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      September\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       10\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      October\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       11\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      November\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       12\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      December\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-january\">\n<h2>Consider operating month: January<\/h2>\n<div class=\"text-content\">\n<p>Calculate January's monthly revenue.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate January's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sum the cost of goods sold for January\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload listed operating expenses for January <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate January's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate January's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate January's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate January's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-february\">\n<h2>Consider operating month: February<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate February's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sum the cost of goods sold for February\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload listed operating expenses for February <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate February's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate February's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate February's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate February's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-march\">\n<h2>Consider operating month: March<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate February's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Consider the following:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sum the cost of goods sold for March\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for March <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate March's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate March's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate March's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate March's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-april\">\n<h2>Consider operating month: April<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate April's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sum the cost of goods sold for April\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for April <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate April's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate April's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate April's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate April's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-may\">\n<h2>Consider operating month: May<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate May's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sum the cost of goods sold for May\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for May <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate May's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate May's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate May's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate May's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-june\">\n<h2>Consider operating month: June<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate June's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sum the cost of goods sold for June\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for June <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate June's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate June's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate June's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate June's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-july\">\n<h2>Consider operating month: July<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate July's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the cost of goods sold for July\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for July <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate July's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate July's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate July's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate July's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-august\">\n<h2>Consider operating month: August<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate August's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the cost of goods sold for April\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for August <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate August's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate August's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate August's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate August's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-september\">\n<h2>Consider operating month: September<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate September's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the cost of goods sold for September\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for September <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate September's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate September's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate September's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate September's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-october\">\n<h2>Consider operating month: October<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate October's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the cost of goods sold for October\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for October <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate October's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate October's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate October's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate October's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-november\">\n<h2>Consider operating month: November<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate November's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the cost of goods sold for November\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for November <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate November's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate November's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate November's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate November's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-operating-month-december\">\n<h2>Consider operating month: December<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate December's monthly revenue.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/XZOHaak7H-Q?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the cost of goods sold for December\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of listed operating expenses for December <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate December's net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate December's gross margin\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate December's operating income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate December's net income\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-the-relevant-calculations-for-each-year\">\n<h2>Consider the relevant calculations for each year<\/h2>\n<div class=\"text-content\">\n<p>If you have been<strong> operational for more than one year, you can calculate the net income on an annual basis<\/strong>. This is a conditional logic step. By choosing yes from the dropdown menu below, you will be directed to the relevant tasks as appropriate.<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Have you been operational for more than one year? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-relevant-calculations-for-each-year\">\n<h2>Calculate the relevant calculations for each year<\/h2>\n<div class=\"text-content\">\n<p>Once you have <strong>calculated the net income for each operating month<\/strong>, you can <strong>calculate the annual net income<\/strong>. Consider the following:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Total the cost of goods sold for the year\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Total operating expense for the year\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate annual net income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the annual net revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate the annual gross margin\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Annual Net Income&nbsp; =<\/h3>\n<h3 style=\"text-align: center;\">Annual Operating Income + Expenses (Annual Total Interest + Annual Total Taxes + Annual Total Depreciation + Annual Total Amortization)&nbsp;<\/h3>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Annual Net Revenue = Annual Revenue - Annual Directly Related Selling Expenses&nbsp;<\/h3>\n<\/p><\/div>\n<\/section>\n<section id=\"display-monthly-calculations\">\n<h2>Display monthly calculations<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jU0cWMReWHfz2mnUtt5Jdw.png\" alt=\"Display monthly calculations\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jU0cWMReWHfz2mnUtt5Jdw.png\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>From the calculated monthly net incomes, you <strong>can create a chart<\/strong>, such as a bar chart, displaying this information. Charts are a great tool to <a href=\"https:\/\/www.enotes.com\/homework-help\/what-advantages-limitations-using-graphs-charts-497838\" rel=\"nofollow noopener\" target=\"_blank\">display a lot of information in an easy to understand format<\/a>.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the net income via a visual chart for each month\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the net revenue via a visual chart for each month\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the gross profit margin for each month\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload chart displaying net income for each month <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">Use each month on the Y-axis and the net income on the X-axis.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"display-annual-calculations\">\n<h2>Display annual calculations<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/kncBg4xnaAbcjrdqZUpD7w.png\" alt=\"Display annual calculations\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/kncBg4xnaAbcjrdqZUpD7w.png\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>From the calculated annual net income\/s, you <strong>can create a chart<\/strong>, such as a bar chart, displaying this information. Charts are a great tool to <a href=\"https:\/\/www.enotes.com\/homework-help\/what-advantages-limitations-using-graphs-charts-497838\" rel=\"nofollow noopener\" target=\"_blank\">display a lot of information in an easy to understand format<\/a>.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the net income via a visual chart for each year\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the net revenue via a visual chart for each year\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the gross profit margin for each year\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload chart displaying net income for each year <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">Use each month on the Y-axis and the net income on the X-axis.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"consider-the-key-forecast-values\">\n<h2>Consider the key forecast values<\/h2>\n<div class=\"text-content\">\n<p>See&nbsp;<a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\">Process<\/a><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"> Street<\/a>'s financial planning process.<\/p>\n<p>You should have the information on your financial statements projected into the future, and as far into the future as you deem necessary for your businese's financial plan.<\/p>\n<p>Consider the following values:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Forecast net income\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Forecast revenue\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Forecast cost of goods sold\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"calculate-forecast-gross-margin\">\n<h2>Calculate forecast gross margin<\/h2>\n<div class=\"text-content\">\n<p>You can use your calculated forecast net revenue to calculate a forecast for gross margin using the formula below.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Forecast Gross Margin = Forecast Net Income \/ Forecast Revenue&nbsp;<\/h3>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Gross margin is a profitability ratio representing leftover dollar or revenue after paying the cost of goods sold.&nbsp;<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"add-forecasts-to-displays\">\n<h2>Add forecasts to displays<\/h2>\n<div class=\"text-content\">\n<p>To your annual and\/or monthly charts, display the following forecast information. <strong>Display this information in a separate color<\/strong> so the forecast values can be separated from the actual values.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the forecast net income via a visual chart\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the forecast net revenue via a visual chart\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the forecast gross profit margin\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of chart displaying net income for each year <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">Use each month on the Y-axis and the net income on the X-axis.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"cash-flow-statement\">\n<h2>Cash flow statement:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/kGJgupvH5_RCiIT_C49Kmg.jpg\" alt=\"Cash flow statement:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/kGJgupvH5_RCiIT_C49Kmg.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-your-cash-flow-for-each-operating-month\">\n<h2>Calculate your cash flow for each operating month<\/h2>\n<div class=\"text-content\">\n<p class=\"style-danger\"><a href=\"https:\/\/www.preferredcfo.com\/cash-flow-reason-small-businesses-fail\/\" rel=\"nofollow noopener\" target=\"_blank\">82%<\/a> of businesses fail because of poor cash flow management. Producing a cash flow statement, understanding and managing your cash flow is extremely important.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>The next stage of<span>&nbsp;<\/span><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s financial plan template is to <strong>consider the cash flow statement and the forecasts made and added to this financial statement.<\/strong><\/span><\/p>\n<p><span>See&nbsp;<\/span><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s <a href=\"https:\/\/www.process.st\/templates\/cash-flow-report\/\" rel=\"nofollow noopener\" target=\"_blank\">Cash Flow Report<\/a><\/span><a href=\"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate your monthly cash flow for each operating month\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The cash flow statement provides information in regards to the amount of cash your business brought in, the amounts of cash the business paid out, and what the business ending cash balance was. Cash flow statements are required on a monthly basis to provide the needed understanding of the amount of cash your business has, where the cash is coming from, where the cash is going, and on what schedule.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-your-cash-flow-for-each-operating-year\">\n<h2>Calculate your cash flow for each operating year<\/h2>\n<div class=\"text-content\">\n<p class=\"style-danger\"><a href=\"https:\/\/www.preferredcfo.com\/cash-flow-reason-small-businesses-fail\/\" rel=\"nofollow noopener\" target=\"_blank\">82%<\/a> of businesses fail because of poor cash flow management. Producing a cash flow statement, understanding and managing your cash flow is extremely important.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Once you have calculated the cash flow for the operating month, <strong>consider the cash flow for each operating year<\/strong>.<\/p>\n<p><span>See&nbsp;<\/span><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s <a href=\"https:\/\/www.process.st\/templates\/cash-flow-report\/\" rel=\"nofollow noopener\" target=\"_blank\">Cash Flow Report<\/a><\/span><a href=\"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate your annual cash flow for each operating year\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/yMTeC02TeOk?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The cash flow statement provides information in regards to the amount of cash your business brought in, the amounts of cash the business paid out, and what the business ending cash balance was. Cash flow statements are required on a monthly basis to provide the needed understanding of the amount of cash your business has, where that cash is coming from, where the cash is going, and on what schedule.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"display-monthly-cash-flow\">\n<h2>Display monthly cash flow<\/h2>\n<div class=\"text-content\">\n<p>As you have done for the monthly net income, you can <strong>visualize your monthly cash flow trends<\/strong> via displaying your monthly cash flow as a chart, such as a bar chart.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display your monthly cash flow as a chart\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of chart displaying cash flow for each month <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"display-annual-cash-flow\">\n<h2>Display annual cash flow<\/h2>\n<div class=\"text-content\">\n<p>As you have done for the annual net income, you can <strong>visualize your annual cash flow trends<\/strong> via displaying your annual cash flow as a chart.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display your annual cash flow as a chart\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of chart displaying cash flow for each year <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"add-forecasts-to-displays-2\">\n<h2>Add forecasts to displays<\/h2>\n<div class=\"text-content\">\n<p>To your annual and\/or monthly charts, display the following forecast information. <strong>Display this information in a separate color<\/strong> so the forecast values can be separated from the actual values.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the forecast cash flow\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload chart displaying cash flow with forecast values <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">Use each month on the Y-axis and the net income on the X-axis.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"balance-sheet\">\n<h2>Balance sheet:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gFUm4vIlBJpSdwaSgYBNjQ.jpg\" alt=\"Balance sheet:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gFUm4vIlBJpSdwaSgYBNjQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"consider-the-balance-sheet\">\n<h2>Consider the balance sheet<\/h2>\n<div class=\"text-content\">\n<p>The next stage of<span>&nbsp;<\/span><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s financial plan template is to <strong>consider the balance sheet and the forecasts made and added to this financial statement.<\/strong><\/span><\/p>\n<p><span>See&nbsp;<\/span><a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s <a href=\"https:\/\/www.process.st\/templates\/balance-sheet-statement-preparation-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">Balance Sheet<\/a><\/span><span><\/span><\/p>\n<p><span>Consider the below information from your balance sheet and your balance sheet forecasts.&nbsp;<\/span><\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the amount of cash you have in the bank.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the amount of cash your customers owe you (if required).\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the amount of cash you owe your vendors? (if required)\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider your assets (accounts receivable, money in the bank and inventory)\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider your liabilities (accounts payable, credit card balances and loan repayments)\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider your equity (owners equity, investors shares, retained earnings, stock proceeds)\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"cumulative-profit\">\n<h2>Cumulative profit:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/o_NCikob8U6d4JJdBblIDg.jpg\" alt=\"Cumulative profit:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/o_NCikob8U6d4JJdBblIDg.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-your-cumulative-profit\">\n<h2>Calculate your cumulative profit<\/h2>\n<div class=\"text-content\">\n<p>The next step of <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Financial Plan Template is to <strong>calculate the cumulative profit<\/strong>&nbsp;for your business.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Cumulative Profit = Retained Earnings - Net Profit\/Loss<\/h3>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Retained earnings is a business's net income left over for business after the business has paid out dividends to its shareholders.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"consider-your-cumulative-profit-for-each-operating-year\">\n<h2>Consider your cumulative profit for each operating year<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Calculate your retained earnings for each operating year.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      From your calculated retained earnings, calculate your cumulative profit for each year.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"calculate-your-forecast-cumulative-profit\">\n<h2>Calculate your forecast cumulative profit<\/h2>\n<div class=\"text-content\">\n<p>You can use your forecasts to calculate a forecast for your cumulative profit as per the formula below.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Forecast Cumulative Profit = Forecast Retained Earnings - Forecast Net Profit\/Loss<\/h3>\n<\/p><\/div>\n<\/section>\n<section id=\"display-your-cumulative-profit-for-each-operating-year\">\n<h2>Display your cumulative profit for each operating year<\/h2>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display your cumulative profit for each year as a chart\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload chart displaying cumulative profit for each operating year <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"add-forecasts-to-displays-3\">\n<h2>Add forecasts to displays<\/h2>\n<div class=\"text-content\">\n<p>To your annual and\/or monthly charts, display the following forecast information. <strong>Display this information in a separate color<\/strong> so the forecast values can be separated from the actual values.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Display the forecast cumulative profit\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload of chart displaying cumulative profit with forecast values <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Forecast Cumulative Profit = Forecast Retained Earnings - Forecast Net Profit\/Loss<\/h3>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">Use each month on the Y-axis and the net income on the X-axis.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"check-your-forecasts\">\n<h2>Check your forecasts:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hL2eBLRsf2c1dFcsguRIuQ.jpg\" alt=\"Check your forecasts:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hL2eBLRsf2c1dFcsguRIuQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"consult-your-forecast-data\">\n<h2>Consult your forecast data<\/h2>\n<div class=\"text-content\">\n<p>Using <a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Process Street<\/span><\/a><span>'s <a href=\"https:\/\/www.process.st\/templates\/financial-planning-process\/\" rel=\"nofollow noopener\" target=\"_blank\">financial planning process<\/a>, you would have created a series of different financial forecast models. Each of these models would have used a <strong>different method to deliver the required forecasts<\/strong>.&nbsp;&nbsp;<\/span><\/p>\n<p>You should <strong>consider every different model produced.&nbsp;<\/strong>These different models can then be tested in order to obtain a financial model of best fit for your business.<\/p>\n<p>You can <strong>view the trends in your data<\/strong> from your plotting graphs for the following:<\/p>\n<ul>\n<li>Net income&nbsp;<\/li>\n<li>Revenue<\/li>\n<li>Gross Margin<\/li>\n<li>Cumulative profit&nbsp;<\/li>\n<\/ul>\n<p>Form viewing your data displayed visually, you can view anomalies or abnormal data points.&nbsp;<\/p>\n<p>The dropdown menu represents a <strong>conditional step<\/strong> in this financial plan template. Selecting 'Yes' or 'No' will direct you to the relevant stage in this process.<\/p>\n<p>Abnormal data points could be outliers or unrealistic forecasts.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Are there abnormal data points? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"investigate-abnormal-data-points\">\n<h2>Investigate abnormal data points<\/h2>\n<div class=\"text-content\">\n<p>You have <strong>identified abnormal data points<\/strong> that need to be investigated and explained.<\/p>\n<p>Abnormal data point could be ''rogue'' data or seasonality impact, environmental impact, human error or changes in the business environment.<\/p>\n<p>See what was happening at the time period of any anomaly to explain the abnormality.<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> State the reasons for the abnormal data point. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>You could have an unrealistic forecast, for example, a sales increase of 400%. You can adjust your assumptions in your model to account for this.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Adjust your assumptions <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"add-real-data-to-your-model\">\n<h2>Add real data to your model<\/h2>\n<div class=\"text-content\">\n<p>Can you identify possible future changes that will occur, for which you know the impact? For example, the sales increase for new contract signs.<\/p>\n<p>Detail known changes that need to be added to your forecast model.<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Changes to be added to your forecast model. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"test-your-forecast-data-to-the-actual-data\">\n<h2>Test your forecast data to the actual data<\/h2>\n<div class=\"text-content\">\n<p>Look at a short time period&nbsp;which you have forecast financial parameters to test. <strong>Compare<\/strong> <strong>your forecast parameters to the<\/strong> actual<strong> financial parameters<\/strong> obtained in this time period.<\/p>\n<p>To perform this comparison we will employ the within sample technique.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Determine the out-sample forecast error, which is the difference between the known results and those forecast by your model.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Determine your in-sample Mean Absolute Naive Error (MANE).\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Is your out-sample forecast error better than your in-sample MANE? If so there is a good chance you have a workable model.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">An ''<a href=\"https:\/\/ec.europa.eu\/eurostat\/statistics-explained\/index.php\/Glossary:In-sample_vs._out-of-sample_forecasts\" rel=\"nofollow noopener\" target=\"_blank\">in-sample<\/a>'' prediction uses a subset of data to forecast values outside the estimated period. It is the sample data you know at the time you are building your model.<\/p>\n<p class=\"style-info\">An ''<a href=\"https:\/\/ec.europa.eu\/eurostat\/statistics-explained\/index.php\/Glossary:In-sample_vs._out-of-sample_forecasts\" rel=\"nofollow noopener\" target=\"_blank\">out-sample<\/a>'' forecast is used to evaluate the forecasted performance, reflecting the information available to the forecaster in real-time.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h5 style=\"text-align: center;\">MANE = Absolute Naive Error \/ Number of Absolute Naive Error<\/h5>\n<\/p><\/div>\n<\/section>\n<section id=\"choose-the-model-of-best-fits\">\n<h2>Choose the model of best fits:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/smgm55dSucaca7hqrzRIiA.jpg\" alt=\"Choose the model of best fits:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/smgm55dSucaca7hqrzRIiA.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"select-your-financial-model-of-best-fit\">\n<h2>Select your financial model of best fit<\/h2>\n<div class=\"text-content\">\n<p>You have created your financial model and tested it against the real data available. It is time to <strong>choose the model of best fit with your data<\/strong>.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Which model consistently delivered the most accurate results?\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Which model had a better out-sample forecasting error?\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"personnel-plan\">\n<h2>Personnel plan:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/rxrQrlzdhuZpO_NzCkhI4g.jpg\" alt=\"Personnel plan:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/rxrQrlzdhuZpO_NzCkhI4g.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"create-a-personal-plan\">\n<h2>Create a personal plan<\/h2>\n<div class=\"text-content\">\n<p>As a small business, calculating your<strong> personal effects on the business<\/strong> should take no time and can be <strong>completed using one or two sentences<\/strong>.&nbsp;<\/p>\n<p>Check off the sub-tasks below on completion.<\/p>\n<p>You can write your personal plan below in the long text form field. Ensure your personal plan includes the information listed as needed above.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Justify each team members necessity to the business.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Justify each team members salary.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Justify each team members equity share is applicable.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Sate the desired departments\/team members and justify.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      State the salaries of the desired departments\/team members and justify.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Write your personal plan <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-danger\">Creating a personal plan is more important for larger businesses. Larger businesses are more complex, and time should be spent working out how you personally impact the business.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"business-ratios\">\n<h2>Business ratios:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hnCkAbtU-r-8cl0po6xJnw.png\" alt=\"Business ratios:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hnCkAbtU-r-8cl0po6xJnw.png\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"consider-business-ratios\">\n<h2>Consider business ratios<\/h2>\n<div class=\"text-content\">\n<p>You might want to consider the below&nbsp;<strong>business ratios for<\/strong>&nbsp;the completion of your financial plan. This next section is looking at calculating key business ratios not yet considered.&nbsp;<\/p>\n<p><strong>Select the below business ratios<\/strong> you would like to include in your financial plan. The below is a conditional step, depending on each option you choose will determine the relevant page you are then directed to.<\/p>\n<p>You can <strong>calculate these ratios<\/strong> on both your actual financial data and your forecast financial data.&nbsp;<\/p>\n<p>Using the <strong>multiple choice form field below<\/strong>, select the business ratios you would like to calculate.<\/p>\n<\/p><\/div>\n<div class=\"multi-choice-content form-field-content\">\n<div class=\"form-group\">\n   <label> Select the business ratios you want to consider <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"\">Multiple options can be selected from this list<\/option><\/select>\n  <\/div>\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Return on sales\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Return on investment\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Debt-to-equity\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Current ratio\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Working capital\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"calculate-the-return-on-sales\">\n<h2>Calculate the return on sales<\/h2>\n<div class=\"text-content\">\n<p>To calculate the <strong>return on sales ratio<\/strong>, you can <strong>use the operating income<\/strong> and <strong>the net revenue<\/strong> which have been calculated in the previous tasks.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Return On Sales = Operating Income \/ Net Revenue For the Period<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add return on sales value\/s on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The return on sales is a ratio evaluating a company's operating efficiency.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-return-on-investment\">\n<h2>Calculate the return on investment<\/h2>\n<div class=\"text-content\">\n<p>To calculate the<strong> return on your investment<\/strong>, you must&nbsp;<strong>divide the net income previously calculated<\/strong> by the <strong>total investment<\/strong>. Multiply this by 100 gives the return on investment as a percentage.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Return On Investment = (Net Income \/ Total Investment) * 100<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add return on investment value\/s on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The return on investment is a ratio used to evaluate the efficiency of an investment. It can also be used to evaluate the efficiency of a number of different investments.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-debttoequity\">\n<h2>Calculate the debt-to-equity<\/h2>\n<div class=\"text-content\">\n<p>To calculate the <strong>Debt-To-Equity ratio<\/strong>, you must <strong>refer back to your balance sheet<\/strong>.<\/p>\n<p>Consult your balance sheet to obtain the below information:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Total liabilities (Short Term Debt + Long Term Debt + Other Liabilities).\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Shareholder equity.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Debt-To-Equity = Total Liabilities \/ Shareholder Equity&nbsp;<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add debt-to-equity value\/s on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The <a href=\"https:\/\/www.investopedia.com\/terms\/d\/debtequityratio.asp\" rel=\"nofollow noopener\" target=\"_blank\">debt-to-equity ratio<\/a> is used to measure companies financial leverage, that is, it measures the extent a company is financing its operations through debt versus wholly owned funds.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-current-ratio\">\n<h2>Calculate the current ratio<\/h2>\n<div class=\"text-content\">\n<p>To calculate the <strong>Current Ratio<\/strong>, you must <strong>refer back to your balance sheet<\/strong>.<\/p>\n<p>Consult your balance sheet to obtain the below information:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Current assets\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Current liabilities\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Current Ratio = Current Assets \/ Current Liabilities<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add current ratio value\/s on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The<a href=\"https:\/\/www.investopedia.com\/terms\/c\/currentratio.asp\" rel=\"nofollow noopener\" target=\"_blank\"> current ratio<\/a> is a liquidity ratio measuring a companies ability to pay short-term obligations (short term obligations are those due in one year). The ratio provides information to investors on how current assets can be maximized to satisfy current liabilities.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-working-capital\">\n<h2>Calculate the working capital<\/h2>\n<div class=\"text-content\">\n<p>To calculate the <strong>Working Capital<\/strong> you must <strong>refer back to your balance sheet<\/strong>.<\/p>\n<p>Consult your balance sheet to obtain the below information:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Current assets\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Current liabilities\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Working Capital = Current Assets - Current Liabilities&nbsp;<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add working capital value\/s on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">A company with substantial <a href=\"https:\/\/www.investopedia.com\/terms\/w\/workingcapital.asp\" rel=\"nofollow noopener\" target=\"_blank\">working capital<\/a> has the potential to invest and grow. The working capital indicates a companies financial health in the short term, liquidity and operation efficiency.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"breakeven-analysis\">\n<h2>Break-even analysis:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/slO2fJgvv2X6eoJ4vdNMSQ.jpg\" alt=\"Break-even analysis:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/slO2fJgvv2X6eoJ4vdNMSQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-contribution-margin\">\n<h2>Calculate the contribution margin<\/h2>\n<div class=\"text-content\">\n<p>Conducting <strong>break-even analysis is vitally important to measure your business growth<\/strong>. Break-even analysis helps you determine your fixed and variable costs to ensure that you <strong>set your service\/product prices<\/strong> effectively to <strong>ensure a profit<\/strong> is made.<\/p>\n<p>You can perform the break-even analysis on your current data, to see how you are currently performing, and on your forecast data, to see how you are expected to perform in the future.<\/p>\n<p>In this Financial Plan Template, we are going to calculate the break-even point based on sales in dollars.<\/p>\n<p>To begin, the <strong>contribution margin needs calculating<\/strong>. The formula used to calculate the contribution margin is given below.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Contribution Margin = Price Of Product\/Service - Variable Costs&nbsp;<\/h3>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>To give your contribution margin as a percentage, divide the value obtained from the above by the price of the product\/service and multiply this by 100. This is termed the<strong> contribution ratio<\/strong>.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Contribution Ratio (%) = (Contribution Margin \/ Price Of Product\/Service) x 100<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add contribution margin on relevant documentation\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add return contribution ratio on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">The break-even point of a business is the stage where the revenue equalizes with its costs.&nbsp;<\/p>\n<p class=\"style-info\">The <a href=\"https:\/\/www.investopedia.com\/terms\/c\/contributionmargin.asp\" rel=\"nofollow noopener\" target=\"_blank\">contribution margin<\/a> indicates the incremental money generated for each product\/service sold after the deduction of the companies variable costs per unit. It measures how much an individual product\/service contributes to the profitability of a company.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"calculate-the-breakeven-point\">\n<h2>Calculate the break-even point<\/h2>\n<div class=\"text-content\">\n<p>You can&nbsp;<strong>use the contribution margin value<\/strong> to <strong>calculate your break-even point<\/strong>. Use the formula below to do this.<\/p>\n<p>Once you have calculated your break-even point, you can determine the sales needed for you to make the required profit.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h3 style=\"text-align: center;\">Break-Even Point = Fixed Costs \/ Contribution Margin<\/h3>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Add the break-even point value on relevant documentation\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"analyze-financial-plan\">\n<h2>Analyze financial plan:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/m_b13yr2z3kETyleGsJK3Q.jpg\" alt=\"Analyze financial plan:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/m_b13yr2z3kETyleGsJK3Q.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"identify-warning-signs-and-areas-for-improvement\">\n<h2>Identify warning signs and areas for improvement<\/h2>\n<div class=\"text-content\">\n<p>Your financial plan produced, business ratios calculated and your break-even analysis will provide <strong>key information for your current business performance and your projected business performance<\/strong>. You can <strong>analyze this information<\/strong> to identify warning signs and areas for financial improvement.<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> List identified warning signs on your current business performance. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> List identified warning signs on your projected business performance. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> List identified areas for improvement on your current business performance. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> List areas for improvement on your projected business performance. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"create-an-action-plan\">\n<h2>Create an action plan<\/h2>\n<div class=\"text-content\">\n<p>Based on the previously identified, current and predicted, warning signs and areas for improvements, you can produce an action plan.&nbsp;<\/p>\n<p><strong>The action plans aim is to mitigate against concerning financial parameter values and to improve your business financials based on the identified areas for improvement.<\/strong><\/p>\n<p>You can use our file upload widget below to upload your detailed action plan.<\/p>\n<\/p><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Upload your detailed action plan. <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"final-stage\">\n<h2>Final stage:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hLQwfwMey3ZULkqx5zpLBA.png\" alt=\"Final stage:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hLQwfwMey3ZULkqx5zpLBA.png\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"review-documentation\">\n<h2>Review documentation<\/h2>\n<div class=\"text-content\">\n<p>This is the final step in the financial plan template. The documents produced from running this template should be<strong> easy to read and understand<\/strong>. It is important to <strong>review these documents<\/strong>.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Review documents related to your financial plan\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">We recommend you <strong>hire an accountant<\/strong> to check through your financial plan.<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to arrange a meeting with your accountant to review your financial plan? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"schedule-a-meeting-with-your-accountant\">\n<h2>Schedule a meeting with your accountant<\/h2>\n<div class=\"text-content\">\n<p>You can use <a href=\"https:\/\/www.process.st\/\" rel=\"nofollow noopener\" target=\"_blank\">Process Street<\/a>'s email widget below to schedule an appointment with your accountant.<\/p>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Proposed time to review documentation <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"sources\">\n<h2>Sources:<\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/p\/plstatement.asp\" rel=\"nofollow noopener\" target=\"_blank\">Profit And Loss Statement<\/a><\/li>\n<li><a href=\"https:\/\/www.enotes.com\/\" rel=\"nofollow noopener\" target=\"_blank\">enotes<\/a>&nbsp;- <a href=\"https:\/\/www.enotes.com\/homework-help\/what-advantages-limitations-using-graphs-charts-497838\" rel=\"nofollow noopener\" target=\"_blank\">What are the advantages and limitations of using graphs and charts in business?<\/a><\/li>\n<li><a href=\"https:\/\/www.bplans.com\/?_ga=2.213413340.954235530.1558175362-1593958913.1557914232\" rel=\"nofollow noopener\" target=\"_blank\">Bplans<\/a>&nbsp;- <a href=\"https:\/\/articles.bplans.com\/the-key-elements-of-the-financial-plan\/\" rel=\"nofollow noopener\" target=\"_blank\">The Key Elements Of The Financial Plan<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp; - <a href=\"https:\/\/www.investopedia.com\/terms\/o\/operating_expense.asp\" rel=\"nofollow noopener\" target=\"_blank\">Operating Expenses<\/a><\/li>\n<li><a href=\"https:\/\/www.patriotsoftware.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Patriot Software<\/a>&nbsp;- <a href=\"https:\/\/www.patriotsoftware.com\/accounting\/training\/definition\/accounting\/net-revenue\/\" rel=\"nofollow noopener\" target=\"_blank\">Net Revenue Definition <\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/r\/returnoninvestment.asp\" rel=\"nofollow noopener\" target=\"_blank\">Return On Investment<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/d\/debtequityratio.asp\" rel=\"nofollow noopener\" target=\"_blank\">Debt-To-Equity Ratio - D\/E Definition<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/c\/currentratio.asp\" rel=\"nofollow noopener\" target=\"_blank\">Current Ratio Definition<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/w\/workingcapital.asp\" rel=\"nofollow noopener\" target=\"_blank\">Working Capital<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/c\/contributionmargin.asp\" rel=\"nofollow noopener\" target=\"_blank\">What Is the Contribution Margin?<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=yMTeC02TeOk\" rel=\"nofollow noopener\" target=\"_blank\">Video: Two Techniques For Converting Monthly Annual Cash Flows In Excel<\/a>&nbsp;- <a href=\"https:\/\/www.youtube.com\/channel\/UCh8HO-7pzqXGBPUiFcHQZWw\" rel=\"nofollow noopener\" target=\"_blank\">Spencer Burton<\/a><\/li>\n<li><a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/3\/35\/IBM%27s_revenue_and_net_income.png\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?title=User:Kesla&amp;action=edit&amp;redlink=1\" rel=\"nofollow noopener\" target=\"_blank\">Kelsa<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/www.ybierling.com\/en\/blog-web-best-ad-exchange-network\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/www.ybierling.com\/en\/home\" rel=\"nofollow noopener\" target=\"_blank\">ybierling<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/www.authoritylabs.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Authority Labs<\/a>&nbsp;- <a href=\"https:\/\/www.authoritylabs.com\/10-questions-seos-should-ask-their-sales-team\/\" rel=\"nofollow noopener\" target=\"_blank\"> 10 Questions SEO\u2019s Should Ask The Sales Team<\/a><\/li>\n<li><a href=\"https:\/\/ec.europa.eu\/eurostat\/statistics-explained\/index.php\/Main_Page\" rel=\"nofollow noopener\" target=\"_blank\">eurostat<\/a>&nbsp;- <a href=\"https:\/\/ec.europa.eu\/eurostat\/statistics-explained\/index.php\/Glossary:In-sample_vs._out-of-sample_forecasts\" rel=\"nofollow noopener\" target=\"_blank\">Glossary:In-sample vs. out-of-sample forecasts<\/a><\/li>\n<li><a href=\"https:\/\/www.forcemanager.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Force Manager<\/a>&nbsp;- <a href=\"https:\/\/www.forcemanager.com\/blog\/sales-forecasting-process\/\" rel=\"nofollow noopener\" target=\"_blank\">Sales Forecasting Process: A Step by Step Guide<\/a><\/li>\n<li><a href=\"https:\/\/pixabay.com\/illustrations\/bitcoin-profit-loss-cryptocurrency-3263879\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/parveender-5611058\/\" rel=\"nofollow noopener\" target=\"_blank\">parveender<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/photos\/coins-pennies-money-currency-cash-912718\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/olichel-529835\/\" rel=\"nofollow noopener\" target=\"_blank\">Olichel<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/illustrations\/weigh-plus-minus-horizontal-2856321\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/3dman_eu-1553824\/\" rel=\"nofollow noopener\" target=\"_blank\">3dman_eu<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/photos\/analytics-charts-business-woman-3265840\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/tumisu-148124\/\" rel=\"nofollow noopener\" target=\"_blank\">Tumisu<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/illustrations\/graph-chart-growth-report-analyst-3068300\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/colin00b-346653\/\" rel=\"nofollow noopener\" target=\"_blank\">ColiN00B<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/illustrations\/white-male-3d-model-isolated-3d-2064841\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/3dman_eu-1553824\/\" rel=\"nofollow noopener\" target=\"_blank\">3dman_eu<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/vectors\/application-job-work-workplace-2076445\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/slightly_different-2006397\/\" rel=\"nofollow noopener\" target=\"_blank\">slightly_different<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/photos\/money-bank-deposit-grow-up-income-549161\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/alexsander-777-614364\/\" rel=\"nofollow noopener\" target=\"_blank\">Alexsander-777<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/photos\/thought-idea-innovation-imagination-2123971\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/terovesalainen-809550\/\" rel=\"nofollow noopener\" target=\"_blank\">TeroVesalainen<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/www.brainyquote.com\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>brainyquote<\/span><\/a><span>&nbsp;-<span>&nbsp;<\/span><\/span><a href=\"https:\/\/www.brainyquote.com\/quotes\/benjamin_franklin_138217\" rel=\"nofollow noopener\" target=\"_blank\"><span>By failing To Prepare, You Are Preparing To Fail<\/span><\/a><\/li>\n<li><\/li>\n<li><a href=\"https:\/\/pixabay.com\/vectors\/checkered-flags-finish-line-finish-309794\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;- <a href=\"https:\/\/pixabay.com\/users\/clker-free-vector-images-3736\/\" rel=\"nofollow noopener\" target=\"_blank\">Clker-Free-Vector-Images<\/a>, re-sized<\/li>\n<\/ul>\n<\/p><\/div>\n<\/section>\n<section id=\"related-checklists\">\n<h2>Related Checklists:<\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounting-onboarding-procedures\/\" rel=\"nofollow\">Accounting Onboarding Procedures<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/creating-an-invoice\/\" rel=\"nofollow\">Creating an Invoice<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/bank-reconciliation-template\/\" rel=\"nofollow\">Bank Reconciliation Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/expense-management-process\/\" rel=\"nofollow\">Expense Management Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounts-receivable-process\/\" rel=\"nofollow\">Accounts Receivable Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounts-payable-process\/\" rel=\"nofollow\">Accounts Payable Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/\" rel=\"nofollow\">Income (Profit and Loss) Statement Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/cash-flow-report\" rel=\"nofollow\">Cash Flow Report<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/balance-sheet-statement-preparation-checklist\" rel=\"nofollow\">Balance Sheet Statement Preparation Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/business-tax-preparation-checklist\" rel=\"nofollow\">Business Tax Preparation Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/annual-financial-report-template\/\" rel=\"nofollow\">Annual Financial Report Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/your-first-template-click-here-to-get-started-138\/\" rel=\"nofollow noopener\" target=\"_blank\">Client Services: Accounting Onboarding<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/bank-reconciliation-template\/\" rel=\"nofollow noopener\" target=\"_blank\">Bank Reconciliation Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/client-onboarding-for-financial-planners\/\" rel=\"nofollow noopener\" target=\"_blank\">Client Onboarding For Financial Planners<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/creating-an-invoice\/\" rel=\"nofollow noopener\" target=\"_blank\">Creating An Invoice&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/expense-management-process\/\" rel=\"nofollow noopener\" target=\"_blank\">Expense Management Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-management-for-new-projects\/\" rel=\"nofollow noopener\" target=\"_blank\">Financial Management For New Projects<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/investor-pitch\/\" rel=\"nofollow noopener\" target=\"_blank\">Investor Pitch<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/pci-compliance-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">PCI Compliance Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/private-equity-due-dilligence-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">Private Equity Due Diligence Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/procurement-guidelines-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">Procurement Guidelines and Checklist<\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/purchase-of-a-business\/\" rel=\"nofollow noopener\" target=\"_blank\">Purchase Of A Busines<\/a>s&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/purchase-order-workflow-template\/\" rel=\"nofollow noopener\" target=\"_blank\">Purchase Order Workflow Template&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/startup-due-diligence-for-a-venture-capitalist\/\" rel=\"nofollow noopener\" target=\"_blank\">Startup Due Diligence For A Venture Capitalist<\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/environmental-accounting-internal-audit\/\" rel=\"nofollow\">Environmental Accounting Internal Audit<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/cash-management-process\/\" rel=\"nofollow\">Cash management process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/budget-process\/\" rel=\"nofollow\">Budget Process<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-plan-template\/\" rel=\"nofollow\">Financial Plan Template<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-audit-checklist\/\" rel=\"nofollow\">Financial Audit Checklist<\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/tax-preparation-checklist\/\" rel=\"nofollow\">Tax Preparation Checklist<\/a><\/li>\n<\/ul><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Process Street - Financial Plan Template ''By failing to prepare, you are preparing to fail'' - Benjamin Franklin Process Steet\u2019s Financial Plan Template is a guide to aid you through the process of producing a financial plan for your small business. The financial plan template should be used in conjugation with Process Steet\u2019s financial [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":17888,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"cover_icon_emoji":"","cover_icon_url":"","tasks_count":"69","template_description":"Process Steet\u2019s Financial Plan Template is a guide to aid you through the process of producing a financial plan for your small business.","template_id":"jDKlNWpchGM-x7XMAX1ImA","task_0":"Introduction:","task_slug_0":"introduction","task_1":"Record checklist details","task_slug_1":"record-checklist-details","task_2":"Consider whether you would like an accountant to review your financial plan","task_slug_2":"consider-whether-you-would-like-an-accountant-to-review-your-financial-plan","task_3":"Record accountant contact details","task_slug_3":"record-accountant-contact-details","task_4":"Profit and loss statement:","task_slug_4":"profit-and-loss-statement","task_5":"Consult your profit and loss statements","task_slug_5":"consult-your-profit-and-loss-statements","task_6":"Calculate your current gross margin","task_slug_6":"calculate-your-current-gross-margin","task_7":"List your current operating expenses","task_slug_7":"list-your-current-operating-expenses","task_8":"Calculate the relevant calculations for each month","task_slug_8":"calculate-the-relevant-calculations-for-each-month","task_9":"Consider operating month: January","task_slug_9":"consider-operating-month-january","task_10":"Consider operating month: February","task_slug_10":"consider-operating-month-february","task_11":"Consider operating month: March","task_slug_11":"consider-operating-month-march","task_12":"Consider operating month: April","task_slug_12":"consider-operating-month-april","task_13":"Consider operating month: May","task_slug_13":"consider-operating-month-may","task_14":"Consider operating month: June","task_slug_14":"consider-operating-month-june","task_15":"Consider operating month: July","task_slug_15":"consider-operating-month-july","task_16":"Consider operating month: August","task_slug_16":"consider-operating-month-august","task_17":"Consider operating month: September","task_slug_17":"consider-operating-month-september","task_18":"Consider operating month: October","task_slug_18":"consider-operating-month-october","task_19":"Consider operating month: November","task_slug_19":"consider-operating-month-november","task_20":"Consider operating month: December","task_slug_20":"consider-operating-month-december","task_21":"Consider the relevant calculations for each year","task_slug_21":"consider-the-relevant-calculations-for-each-year","task_22":"Calculate the relevant calculations for each year","task_slug_22":"calculate-the-relevant-calculations-for-each-year","task_23":"Display monthly calculations","task_slug_23":"display-monthly-calculations","task_24":"Display annual calculations","task_slug_24":"display-annual-calculations","task_25":"Consider the key forecast values","task_slug_25":"consider-the-key-forecast-values","task_26":"Calculate forecast gross margin","task_slug_26":"calculate-forecast-gross-margin","task_27":"Add forecasts to displays","task_slug_27":"add-forecasts-to-displays","task_28":"Cash flow statement:","task_slug_28":"cash-flow-statement","task_29":"Calculate your cash flow for each operating month","task_slug_29":"calculate-your-cash-flow-for-each-operating-month","task_30":"Calculate your cash flow for each operating year","task_slug_30":"calculate-your-cash-flow-for-each-operating-year","task_31":"Display monthly cash flow","task_slug_31":"display-monthly-cash-flow","task_32":"Display annual cash flow","task_slug_32":"display-annual-cash-flow","task_33":"Add forecasts to displays","task_slug_33":"add-forecasts-to-displays-2","task_34":"Balance sheet:","task_slug_34":"balance-sheet","task_35":"Consider the balance sheet","task_slug_35":"consider-the-balance-sheet","task_36":"Cumulative profit:","task_slug_36":"cumulative-profit","task_37":"Calculate your cumulative profit","task_slug_37":"calculate-your-cumulative-profit","task_38":"Consider your cumulative profit for each operating year","task_slug_38":"consider-your-cumulative-profit-for-each-operating-year","task_39":"Calculate your forecast cumulative profit","task_slug_39":"calculate-your-forecast-cumulative-profit","task_40":"Display your cumulative profit for each operating year","task_slug_40":"display-your-cumulative-profit-for-each-operating-year","task_41":"Add forecasts to displays","task_slug_41":"add-forecasts-to-displays-3","task_42":"Check your forecasts:","task_slug_42":"check-your-forecasts","task_43":"Consult your forecast data","task_slug_43":"consult-your-forecast-data","task_44":"Investigate abnormal data points","task_slug_44":"investigate-abnormal-data-points","task_45":"Add real data to your model","task_slug_45":"add-real-data-to-your-model","task_46":"Test your forecast data to the actual data","task_slug_46":"test-your-forecast-data-to-the-actual-data","task_47":"Choose the model of best fits:","task_slug_47":"choose-the-model-of-best-fits","task_48":"Select your financial model of best fit","task_slug_48":"select-your-financial-model-of-best-fit","task_49":"Personnel plan:","task_slug_49":"personnel-plan","task_50":"Create a personal plan","task_slug_50":"create-a-personal-plan","task_51":"Business ratios:","task_slug_51":"business-ratios","task_52":"Consider business ratios","task_slug_52":"consider-business-ratios","task_53":"Calculate the return on sales","task_slug_53":"calculate-the-return-on-sales","task_54":"Calculate the return on investment","task_slug_54":"calculate-the-return-on-investment","task_55":"Calculate the debt-to-equity","task_slug_55":"calculate-the-debttoequity","task_56":"Calculate the current ratio","task_slug_56":"calculate-the-current-ratio","task_57":"Calculate the working capital","task_slug_57":"calculate-the-working-capital","task_58":"Break-even analysis:","task_slug_58":"breakeven-analysis","task_59":"Calculate the contribution margin","task_slug_59":"calculate-the-contribution-margin","task_60":"Calculate the break-even point","task_slug_60":"calculate-the-breakeven-point","task_61":"Analyze financial plan:","task_slug_61":"analyze-financial-plan","task_62":"Identify warning signs and areas for improvement","task_slug_62":"identify-warning-signs-and-areas-for-improvement","task_63":"Create an action plan","task_slug_63":"create-an-action-plan","task_64":"Final stage:","task_slug_64":"final-stage","task_65":"Review documentation","task_slug_65":"review-documentation","task_66":"Schedule a meeting with your accountant","task_slug_66":"schedule-a-meeting-with-your-accountant","task_67":"Sources:","task_slug_67":"sources","task_68":"Related Checklists:","task_slug_68":"related-checklists","task_69":"","task_slug_69":"","task_70":"","task_slug_70":"","task_71":"","task_slug_71":"","task_72":"","task_slug_72":"","task_73":"","task_slug_73":"","task_74":"","task_slug_74":"","task_75":"","task_slug_75":"","task_76":"","task_slug_76":"","task_77":"","task_slug_77":"","task_78":"","task_slug_78":"","task_79":"","task_slug_79":"","task_80":"","task_slug_80":"","task_81":"","task_slug_81":"","task_82":"","task_slug_82":"","task_83":"","task_slug_83":"","task_84":"","task_slug_84":"","task_85":"","task_slug_85":"","task_86":"","task_slug_86":"","task_87":"","task_slug_87":"","task_88":"","task_slug_88":"","task_89":"","task_slug_89":"","task_90":"","task_slug_90":"","task_91":"","task_slug_91":"","task_92":"","task_slug_92":"","task_93":"","task_slug_93":"","task_94":"","task_slug_94":"","task_95":"","task_slug_95":"","task_96":"","task_slug_96":"","task_97":"","task_slug_97":"","task_98":"","task_slug_98":"","task_99":"","task_slug_99":"","footnotes":""},"categories":[6,7,20],"tags":[],"class_list":["post-17887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-miscellaneous","category-sustainability"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/posts\/17887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/comments?post=17887"}],"version-history":[{"count":0,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/posts\/17887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/media\/17888"}],"wp:attachment":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/media?parent=17887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/categories?post=17887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/tags?post=17887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}