Reap Financials Template
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Instructions to filling out REAP Business Cash Flow Projection worksheets Before starting to work on these REAP Cash flow Worksheets, the business owner should have completed most of the research and ideas as to money requirements that he/she will need to start up the business, such as total funds needed to purchase startup equipment & supplies and the amount needed for that first inventory purchase. A breakdown of these "sources & Uses" should be inserted in the "Sources & Uses of funds worksheet". Also you should have some idea as to your cash available for startup operating capital, this amount should be inserted in the "Owner Equity" portion of the "Sources & Uses of Funds worksheet". Although, one of the purposes of the cash flow projection is to help you determine the amount of operating capital your business will require in its first 12-months, based on the sales & expense assumptions you have inserted. ** The Business Owner should note, that these cash flow projection worksheets are set up to reflect full receipt of sales proceeds at time of sale to the customer or within the first thirty days of the sale, in other words we have not provided a specific calculation set up for aging of accounts receivable or payable. Should your business be offering or subject to these types of terms, then you need to contact your REAP Business Specialist to help you build in these types of calculations. You may find it easier to start with the Sources & Uses of Funds and then advance to the next worksheet until all worksheets have been completed, although entry into any of the spreadsheets at any time will result in the correct calculations. The areas marked in Yellow are the areas you need to fill in, any area that is presently filled in with a "0", other types of wording, or are highlighted in "RED" should not have anything entered by you. These areas will automatically fill in as you provide the information in the yellow highlighted area. Do not be concerned with some of the numbers that are showing up as you proceed in filling out the Yellow highlighted areas. Finish all worksheets, and then check your numbers for accuracy. All of the financial worksheets are linked together to give you the capability of playing "What If", so if you decide that sales in month 5 on the cash flow should be a larger amount, you can insert the larger amount and the change will automatically be shown on the Income statement worksheet, and the effect of that change on year end cash would be automatically reflected in the beginning cash on the Balance Sheet work sheet, etc.
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Transcript of Reap Financials Template
InstructionsInstructions to filling out REAP Business Cash Flow Projection worksheetsBefore starting to work on these REAP Cash flow Worksheets, the business owner should have completed most of the research and ideas as to money requirements that he/she will need to start up the business, such as total funds needed to purchase startup equipment & supplies and the amount needed for that first inventory purchase. A breakdown of these "sources & Uses" should be inserted in the "Sources & Uses of funds worksheet". Also you should have some idea as to your cash available for startup operating capital, this amount should be inserted in the "Owner Equity" portion of the "Sources & Uses of Funds worksheet". Although, one of the purposes of the cash flow projection is to help you determine the amount of operating capital your business will require in its first 12-months, based on the sales & expense assumptions you have inserted.** The Business Owner should note, that these cash flow projection worksheets are set up to reflect full receipt of sales proceeds at time of sale to the customer or within the first thirty days of the sale, in other words we have not provided a specific calculation set up for aging of accounts receivable or payable. Should your business be offering or subject to these types of terms, then you need to contact your REAP Business Specialist to help you build in these types of calculations.You may find it easier to start with the Sources & Uses of Funds and then advance to the next worksheet until all worksheets have been completed, although entry into any of the spreadsheets at any time will result in the correct calculations.The areas marked in Yellow are the areas you need to fill in, any area that is presently filled in with a "0", other types of wording, or are highlighted in "RED" should not have anything entered by you. These areas will automatically fill in as you provide the information in the yellow highlighted area.Do not be concerned with some of the numbers that are showing up as you proceed in filling out the Yellow highlighted areas. Finish all worksheets, and then check your numbers for accuracy.All of the financial worksheets are linked together to give you the capability of playing "What If", so if you decide that sales in month 5 on the cash flow should be a larger amount, you can insert the larger amount and the change will automatically be shown on the Income statement worksheet, and the effect of that change on year end cash would be automatically reflected in the beginning cash on the Balance Sheet work sheet, etc.
Sources & usesSOURCESAMOUNTUSESAMOUNTOwner equityWorking Capital & start up purchasesREAP LoanPurchase equipment & suppliesBank LoanPurchase equipment & suppliesPurchase InventoryTotal0.00Total0.00(sources & uses of funds should equal)
&C&"Arial,Bold"Sources and Uses of Funds
REAP Loan AmortREAPLoan Amortization TableXXXXEnter Loan Amount >>>Data entry isEnter Term in Months >>>only permittedEnter Interest Rate >>>in yellow cells.PaymentTotal PaymentsInterest PaidPrincipal PaidYear End BalanceYear 10.00.00.00.0Year 20.00.00.00.0Year 30.00.00.00.0Year 40.00.00.00.0Year 50.00.00.00.0Year 60.00.00.00.0PeriodPaymentInterestPrincipalBalance000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.0
&C&"Arial,Bold"REAP LoanAmortization&"Arial,Regular"
Bank Loan AmortBANKLoan Amortization TableXXXXEnter Loan Amount >>>Data entry isEnter Term in Months >>>only permittedEnter Interest Rate >>>in yellow cells.PaymentTotal PaymentsInterest PaidPrincipal PaidYear End BalanceYear 10.00.00.00.0Year 20.00.00.00.0Year 30.00.00.00.0Year 40.00.00.00.0Year 50.00.00.00.0Year 60.00.00.00.0PeriodPaymentInterestPrincipalBalance000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.000.00.00.00.0
AssumptionsAssumptions to cash flow**NOTE: All figures should be rounded to nearest dollarSalesThis sheet is a direct copy of the sales & expense categories as shown on the cash flow forecast. The rows are formatted to wrap, so the client can continue to type any description they would like and can take up as much room as they wish.Cost of Goods Sold (COGS)We may want to delete some of these categories as most of them are self explanatory, and probably would never be used, here again the list is a direct copy from the cash flow sheet.EXPENSESAdvertisingAutoBank service chargeContributionsDues & SubscriptionsEquipment rentEquipment LeaseEquip. purchase (cash)Insurance:DisabilityHealthLifeProperty & LiabilityInterest ExpenseInternet & CableLicenses and PermitsMisc.Office SuppliesPayrollPayroll expense:Calculated at 12% of payroll cost to cover Employer Fica, Medicare, & Unemployment insurance. May be a small amount left for Workman's Comp Insurance.Professional Fees:AccountingLegalRentRepairs:BuildingEquipmentSuppliesTaxes:Real EstateOtherTelephoneTravelUtilities:GasElecWater-Garbage-Etc.Other expenseTOTAL EXPENSENET INCOMEDebt Service /Loan-pmtDebt Service / Loan-pmtOwner drawBeginning cash balanceRequired cash balanceNet Cash BalanceShort term debtEnding cash balanceThe start-up cash in and Start-up cash out will probably be an exact copy of your sources & uses of funds. Fill in the appropriate amounts on the cash flow pro-forma sheet.Start-up Cash InBorrower equityInsert the amount of cash the business owner has to inject into the startup of the business.REAP LoanInsert the amount of the projected REAP loan amount.Bank LoanInsert the amount of the Projected Bank / or other source of loan funds.Start-up cash outPurchase equip & suppliesInsert the amount of projected startup costs for equipment & supplies.Purchase InventoryInsert the amount of projected startup cost for Inventory purchase.The net amount after subtracting the "start-up cash out" from the "Start-up cash in" will be the "beginning cash" or working capital for you pro-forma cash flow projection.
Pro-Forma Cash FlowPro-forma 12-month cash flowMonthMonth123456789101112TOTALSALES$%0000GROSS SALES0000000000000Cost of goods sold (cogs)0000Total COGS0000000000000Gross Profit0000000000000EXPENSES$%Advertising0Auto0Bank service charge0Contributions0Dues & Subscriptions0Equipment rent0Equipment Lease0Equip. purchase (cash)0Insurance:0Disability0Health0Life0Property & Liability0Internet & Cable0Licenses and Permits0Misc.0Office Supplies0Payroll0Payroll expense:12.00%0000000000000Professional Fees:0Accounting0Legal0Rent0Repairs:0Building0Equipment0Supplies0Taxes:0Real Estate0Other0Telephone0Travel0Utilities:0Gas0Elec0Water-Garbage-Etc.0Other expense0TOTAL EXPENSE0000000000000NET INCOME0000000000000Debt Service /REAP Loan-pmt0000000000000Debt Service / Bank Loan-pmt0000000000000Owner draw0000000000000Beginning cash balance0000000000000Ending cash balance000000000000Start-up Cash InBorrower equityREAP LoanBank LoanTotal Cash In0Start-up cash outPurchase equip & suppliesPurchase InventoryTotal Cash out0Beg working capital0
Pro-Forma Income & Break evenPro-forma Income StatementYear-1% of salesYear-2% SalesYear-3% salesGross Sales0100.00%100.00%100.00%Cost of goods sold (COGS)00.00%00.00%00.00%Gross Profit00.00%00.00%00.00%EXPENSESAdvertising00.00%00.00%00.00%Auto00.00%00.00%00.00%Bank service charge00.00%00.00%00.00%Contributions00.00%00.00%00.00%Dues & Subscriptions00.00%00.00%00.00%Equipment rent00.00%00.00%00.00%Equipment Lease00.00%00.00%00.00%Equip. purchase (cash)00.00%00.00%00.00%Insurance:00.00%00.00%00.00%Disability00.00%00.00%00.00%Health00.00%00.00%00.00%Life00.00%00.00%00.00%Property & Liability00.00%00.00%00.00%Interest00.00%00.00%00.00%Internet & Cable00.00%00.00%00.00%Licenses and Permits00.00%00.00%00.00%Misc.00.00%00.00%00.00%Office Supplies00.00%00.00%00.00%Payroll00.00%00.00%00.00%Payroll expense:00.00%00.00%00.00%Professional Fees:00.00%00.00%00.00%Accounting00.00%00.00%00.00%Legal00.00%00.00%00.00%Rent00.00%00.00%00.00%Repairs:00.00%00.00%00.00%Building00.00%00.00%00.00%Equipment00.00%00.00%00.00%Supplies00.00%00.00%00.00%Taxes:00.00%00.00%00.00%Real Estate00.00%00.00%00.00%Other00.00%00.00%00.00%Telephone00.00%00.00%00.00%Travel00.00%00.00%00.00%Utilities:00.00%00.00%00.00%Gas00.00%00.00%00.00%Elec00.00%00.00%00.00%Water-Garbage-Etc.00.00%00.00%00.00%Other expense00.00%00.00%00.00%TOTAL EXPENSE00.00%00.00%00.00%NET OPERATING PROFIT000Less: Depreciation000Net Profit before taxes000Less: Loan Principal000Less: Owner Draw0Plus: Beginning cash000Plus: Depreciation000Ending cash balance000Less: Beginning cash000Cash change000Break Even AnalysisTotal expense000Plus: Loan Principal000Total000Break Even Sales000
&C&"Arial,Bold"Pro-forma Income andBreak Even&"Arial,Regular"
Pro-Forma Balance SheetPro-Forma Balance SheetStart-UpYear-1Year-2Year-3AssetsCash000InventoryTotal Current Assets0000Equipment000Building000Less: Accum Depreciation000Total Fixed Assets0000Total Assets0000LiabilitiesAcct's PayableOtherTotal Current Liabilities0000REAP Loan0000Bank Loan0000OtherTotal Long Term Liabilities0000Total Liabilities0000Equity0000Total Liabilities & Equity0000Ratio'sCurrent Ratio0000Debt / Worth0000
&C&"Arial,Bold"Pro-formaBalance Sheet&"Arial,Regular"
DepreciationDepreciation ScheduleStart-Up ValueYear-1Year-2Year-3Year-4Year-5TotalEquipment (Normally 5 or more years)000000Building (IRS rules state 39-years)000000Total Depreciation000000Accumulated Depreciation00000
&C&"Arial,Bold"Depreciation Schedule&"Arial,Regular"
