BUSINESS FINANCIAL PLANS
Projected balance sheet is one of the very important sheets for the business financial plans and it is also called statement holding information about the financial position.
The spending and income are included in this balance sheet which is not usually mentioned in profit and loss. For example, the money which a person spends in paying the loan back is not included in profit or loss and if gets a new loan this is also not included in profit category. The money which the person will get from the outstanding invoices of the customer is included in this balance sheet.
The projected balance sheet is the best picture of the financial status of any person. It contains the information about the capital, liabilities, and assets. The profit and loss are the terms which are used to check the performance of any company over a period of time.
Creating a projected balance sheet can be a very complex task. You can easily get this template from the internet. You will just be needed to change the figures in order to check the projected profit or loss. The accounts receivable are shown using this sheet.
Different kinds of transactions affect the business in different ways. You can see the transaction and can note in down on the balance sheet. It can be very helpful for the businesses as it contains the information about the project profit or loss, the person can make decisions according to the estimates made by it.
PROJECTED BALANCE SHEET TEMPLATE
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