Integrated financial statements are a key part of the financial plan. A sound set of financial statements will serve your business well and make investors much more amenable to making an investment. The integrated financial statements, 16 worksheets in total, include (for start-up through year 4):
The entrepreneur begins by specifying headcount build-up and salaries, corporate expenses (rent, office, etc.) and other expenses for RD&E, manufacturing, product COGS, and key financial assumptions. The spreadsheets automatically roll-up data and make appropriate financial calculations to derive all important financial statements. Some basic knowledge of Microsoft Excel is appropriate.