I completed some of the sheets I need help doing the rest and making sure the balance sheet balances and with the empty spaces it can be made up information if needed it is for a made up business plan for a cleaning company! thank you...

6. FINANCIAL PROJECTIONS

6.1 Profit & Loss

	Year 1	Year 2	Year 3
Sales	90,000	150,000	300,000
Costs/Goods Sold	0	0	0
GROSS PROFIT OPERATING EXPENSES
Salary (Office & Overhead)	0	12,000	20,000
Payroll (taxes, etc.)	9,000	12,000	15,000
Outside Services	0	9,000	13,000
Supplies (Office & Operation)	5,000	8,000	9,000
Repairs & Maintenance	0	0	0
Advertising	5600	8500	20,000
Car, Delivery & Travel	5,000	7,000	10,000
Accounting & Legal	1,000	2,400	3,200
Rent	0	10,000	15,000
Telephone	2000	2400	2600
Utilities	1000	1200	1500
Insurance	986	986	1,090
Taxes (Real Estate, etc.)	0	0	0
Interest	1,500	1,600	1,800
Depreciation	0	0	0
Other Expenses (supplies)	6,000	8,000	17,000
TOTAL EXPENSES	37,086	83,986	129,190
NET PROFIT BEFORE TAXES
Income Taxes	7,500	9,000	24,000
NET PROFIT AFTER TAX
Owner Draw/Dividends	45,414	57,014	146,910
ADJUSTED TO RETAINED

6.2 Cash Flow Complete section 6.3 of your business plan outline

	Pre-Startup EST.	Year 1	Year 2	Year 3	Total Item EST.
Cash on Hand	10,000	45,414	57,014	146,910	259,338
CASH RECEIPTS
Cash Sales	0	90,000	150,000	300,000	540,000
Collections from CR Accounts	0	0	0	0	0
Loan/Cash Injection	10,000	5,000	0	0	15,000
TOTAL CASH RECEIPTS
TOTAL CASH AVAILABLE	20,000	50,414	57,014	146,910	274,338
CASH PAID OUT
Purchases	6,000	12,000	10,000	14,000	42,000
Gross Wages	3,000	9,000	12,000	15,000	39,000
Outside Services	0	0	2,500	3,900	6,400
Supplies	1,500	6,000	8,000	17,000	32,500
Repairs & Maintenance	0	0	0	0	0
Advertising	500	5,600	8,500	20,000	34,600
Car, Delivery & Travel	1,000	5,000	7,000	10,000	23,000
Accounting & Legal	0	1,000	2,400	3,200	6,600
Rent	0	10,000	15,000	15,000	40,000
Telephone	1,000	2,000	2,400	2,600	8,000
Utilities	900	1,000	1,200	1,500	4,600
Insurance	986	986	986	986	3,944
Taxes (Real Estate, etc.)	0	0	0	0	0
Interest	0	1,500	1,600	1,800	4,900
Other Expenses	900	0	0	0	900
SUBTOTAL
Loan Principal Payment	450	500	500	500	1,950
Capital Purchase	0	0	0	0	0
Other Startup Costs	900	0	0	0	900
Reserve and/or Escrow	0	0	0	0	0
Others Withdrawal	0	0	0	0	0
TOTAL CASH PAID OUT
CASH POSITION

6.3 Balance Sheet

Assets	Start Date:	End Date:
CURRENT ASSETS
Cash in Bank
Accounts Receivable
Inventory
Prepaid Expenses
Other Current Assets
TOTAL CURRENT ASSETS
FIXED ASSETS
Machinery & Equipment
Furniture & Fixtures
Leaseholder Improvements
Land & Buildings
Other Fixed Assets
TOTAL FIXED ASSETS (net of depreciation)
OTHER ASSETS
Intangibles
Deposits
Other
TOTAL OTHER ASSETS
TOTAL ASSETS

Liabilities & Equity
CURRENT LIABILITIES
Accounts Payable
Interest Payable
Taxes Payable
Notes, Short Term (due in 12 months)
Current Part, Long-Term Debt
TOTAL CURRENT LIABILITIES
LONG TERM DEBT
Bank Loans Payable
Notes Payable to Stockholders
LESS: Short-Term Portion
Other Long-Term Debt
TOTAL LONG-TERM DEBT
TOTAL LIABILITIES
OWNER'S EQUITY
Invested Capital
Retained Earnings
TOTAL OWNERS EQUITY
TOTAL LIABILITIES & EQUITY

Customers

6.4 Break-Even Analysis

DIRECT COSTS	Fixed Costs ($)	Variable Costs (%)
Cost of Goods Sold
Inventory
Raw Materials
Direct Labor
INDIRECT COSTS
Salaries
Supplies
Repairs & Maintenance
Advertising
Car, Delivery & Travel
Rent
Telephone
Utilities
Insurance
Taxes
Interest
Depreciation
Other Costs
Total Fixed Costs
Total Variable Costs
BREAK-EVEN SALES LEVEL:

6.5 Financial Assumptions

6.5.1 Assumptions for Profit and Loss Projections

Our projected profit and loss is shown in section 6.1 on the table. With the profit of the sales of our services increasing in the first year to the third. The projected profits for the first year are $45,414, and in the second year $57,014, and in the third year a profit of $146,910. Our profits may not seem that impressive in the first three years, but are relatively good for a start-up firm in our business. Therefore, Simply the Best cleaners expects to more than break-even in the first year of operation because the business owner is included in the operations which keeps labor costs low and allows more profit, and because we are selling services, not a product that we have to pay for.

6.5.2 Assumptions for Cash Flow Analysis

6.5.3 Assumptions for Balance Sheet

6.5.4 Assumptions for Break-Even Analysis