Question
My Business is mobile dog grooming. A pro forma is a projected financial statement which will provide a strategic roadmap to making important decisions for
My Business is mobile dog grooming.
A pro forma is a projected financial statement which will provide a strategic roadmap to making important decisions for your business. The purpose of the pro forma is to predict your potential revenue/gross sales and net profits along with the number of clients you will see. The following video you may find helpful before you begin your work...
https://youtu.be/39VcG6S8r8Y
Your pro forma is a guide to financially viable; to help set expectations on estimated cash flow/ volumes; and to determine the impact on your current operations.
The format of a pro forma financial statement will be similar to your profit and loss statement for your practice. The distinction is a pro forma is future forecasting, while an Income statement records historical data.
create a Pro Forma for Q1, Q2, Q3, Y1, Y3, Y5. The following sections should be included...
- Revenue Goals
- Cost of Goods
- Labor Expenses
- Contract Labor
- Startup Cost
- Inventory - If any
- Operational Expenses (Fixed and Variable)
- Marketing Expense
- EBITDA
- Projected Net
The format you use is purely up to you. I would suggest working with a cloud-based system, so you do not need to replicate work. You want your work to be dynamic so you can adjust to changing realities.
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