A separate section under business expenses calculates the Net Income Before Taxes by subtracting the Total Expenses from Total Income.
This helps you make a simple estimate of the income taxes, assuming all the Expenses are tax deductible.
A good business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals.
We've developed a Business Plan Template and Guide to step you through the process of developing a business plan that is solid, well-structured and tailored to your business.
Video: What Investors Really Think About Your Business Plan.
At our Entrepreneur magazine Roundtable, financial pros offer tough talk about the business plans of first-time entrepreneurs: Related: What Investors Really Think About Your Business Plan Video: How Can I Hire Someone to Help Write My Business Plan?
The Goods spreadsheet is set up initially to record total net sales for each quarter.
If you want to perform a more detailed analysis for multiple products, you can insert additional rows and separate the sales and costs according to product, or you can use the bonus spreadsheet that is designed for performing a detailed analysis for multiple products.
Service Providers: The Services worksheet is a simple business budget that separates income and business expenses into categories that closely match those used in an income statement.
The categories are fairly comprehensive, but it is also easy to add, remove, and modify the categories.