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Auditing and Consulting Business Plan
Auditing and Consulting Business Plan
Auditing and Consulting Business Plan
Executive Summary
Artemide Auditing & Consulting AG (Artemide AC) is in the process of being formed as an
ongoing sole proprietorship owned and operated by Sandor Artemide AC. The company is a
spinoff of Daten Riffwald-Ennetmoos AG. Between the owners of Daten Riffwald-Ennetmoos
and Artemide AC there will be 25% cross-participation. This plan is written as a guide
for continuing and managing the business under the new company, and will also serve as the
basis for marketing proposals. The two objectives of Artemide AC are to generate a profit and to
grow at a challenging and manageable rate.
The mission of Artemide AC is to provide fast and reliable services in auditing and consulting to
small and medium businesses (SMB), individuals, and other organizations.
The keys to success for Artemide AC are: visibility to generate new business leads, networking
with other professionals, responsiveness, and quality.
The initial primary service offered will be auditing, although specialized fields will be
considered in future growth.
The overall objective is to focus the activities towards the specialized services (analyses,
investigations, startups, etc.) and to become a leader in this niche in the Luzern area. The
company projects growth to be ~10% of sales in the next three years.
The most important keys to success for Artemide AC are developing visibility to generate new
business leads, strong concentration on relationships with clients, and a high level of quality in
our services.
The sole proprietorship company "Sandor Artemide dipl. Wirtschaftsprüfer" was founded on 8
March 1996. In the first 10-month period, the company generated sales of $50,000.
There are four major classes of competition in the actual fiduciary business in Switzerland.
These include individual proprietors and small fiduciary and accounting offices and medium
fiduciary offices with between 6 and 25 employees, these offices are available for general
financial and tax consulting. There are also large auditing and consulting companies. These
companies have several hundred employees. They tend to operate more in the lucrative
consulting business. Banks, Assurances and other financial consultants are also new competitors
in this field. Banks are now active in start-up consulting, corporate finance, mergers and
acquisitions, and others.
Technology is, of course, very important to the success of Artemide AC. It is imperative that the
company stay up-to-date on technological developments and it will be important to devote a
reasonable portion of each year's revenues toward upgrading the equipment and software used in
normal operations.
Artemide AC will adopt a focused market strategy. Logical segmentation breaks the market
down into the following: Individuals, Investors, Small Businesses, Medium Businesses, Large
Businesses, and Authorities and Public Organizations. For our further development, we consider
Individual persons and Investors plus Small and Medium Businesses to be crucial.
For our business, we do not have main competitors. We have a lot of widely-sized competitors in
a vast market of services.This market environment gives ample opportunity for Artemide AC to
create and expand a niche in the chosen market fields. Finally, worth noting is the growth trend
for the general market, estimated between 5% and 10%, annually.
There are three different major opportunities (needs) in the fiduciary business over the next
years:
Bookkeeping and other services related to the operative financial management (payroll, cost-
accounting, accounting for pension funds, etc.).
Consulting and special mandates such as financial planning, business evaluation, merger and
acquisition valuation, special audits, etc.
Legal Auditing (incl. IAS and other standards) as an independent and responsible institution.
In addition, the company sees three primary market trends which seem to be most important in
our business.
Rapid growth in the complexity of business that requires rapid adaptation in the strategy and
structures of companies.
All of this provides continuing opportunities for a dynamic company such as Artemide AC.
We believe our business is in a grand change. The competitors must be generalists and specialists
at the same time. For small and medium fiduciary businesses, a focus of one primary segment of
business is necessary. For example, if the "core" business is accounting, the other fiduciary
businesses like tax, auditing, consulting must be reduced to a general level. In the core business,
the company must be current with the services, while having the capacity to innovate (like
new accounting services related to the Internet).
Artemide AC's competitive edge is in the well-established reputation of Sandor Artemide who
has been in the consulting business for over a decade, and the company's ability to focus in this
niche market.
The company's sales strategy will be based on building long-term customer relationships, which
will result in repeat sales. The company estimates that revenues will be approximately $232,000
by Year 3, yielding profits. The company will manage its assets and create profits with no debt
financing. It does not anticipate any cash flow problems.
Sandor Artemide, the majority owner of Artemide AC, will assume strategic management
functions. Brigitte Artemide will be in charge of market research and customer support. Since no
major increases in personnel are expected in the next three years, Mr. Artemide will retain his
managerial functions throughout these years.
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1.1 Mission
Purpose - Artemide AC exists to provide complete, reliable and high quality services to SMBs,
individuals, lawyers, and authorities. Services must give solutions and results!
Vision - By providing innovative services, Artemide AC generates a name in Luzern and the
surrounding area.
Openness: languages and willpower for creating interregional and international contacts.
1.3 Objectives
1. To provide a written guide for managing this business; a strategic framework for developing a
comprehensive tactical marketing philosophy.
2. This plan is not intended to obtain financing, it is purely for internal improvements.
3. The scope of this plan is to provide detailed monthly projections for the current plan year, as
well as yearly summaries for the following two years.
1. The overall objective is to focus the activities towards the specialized services (analyses,
investigations, startups, etc.) and to become a leader in this niche in the Luzern area.
2. Cash flow - To generate sufficient cash flow to finance future growth and development, and to
provide the resources needed to achieve the other objectives of the company and its owners.
3. Growth - To expand the business at a rate that is both challenging and manageable, serving the
market with innovation and adaptability. (Growth projected at 10% of sales in the next three
years.)
Company Summary
Artemide AC will be an ongoing company from the sole proprietorship company Sandor
Artemide dipl. Wirtschaftsprüfer with the following characteristics:
The goal will be to continue the activities on a larger personal and organizational basis, still with
no debt financing.
Artemide AC will assume operations of one of the Daten Riffwald-Ennetmoos AG's divisions.
Between the owners of Daten Riffwald-Ennetmoos and Artemide AC there will be a 25% cross-
participation.
The sole proprietorship company "Sandor Artemide dipl. Wirtschaftsprüfer" was founded 8
March 1996. In the first 10-month period, the company generated sales of $50,000.
In the time of general recession, between 1996 and 2000, with a concentrated basis work, the
owner created and assured his independent existence. The name Artemide was made known, and
he has established a good professional reputation in Luzern.
Before starting his own business, Sandor Artemide acquired extensive professional experience as
listed below:
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Past Performance
Balance Sheet
Long-term Assets
Accumulated Depreciation $0 $0 $0
Current Liabilities
Long-term Liabilities $0 $0 $0
Earnings $0 $0 $0
Other Inputs
Payment Days 45 45 45
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business plan.
Artemide Auditing & Consulting AG will be incorporated in the city of Luzern by Sandor
Artemide, who will be the majority owner. Twenty-five percent of the company will be owned
by Daten Riffwald-Ennetmoos AG, the parent company.
The structure is well established and satisfies the needs of both Daten Riffwald-Ennetmoos and
Artemide AC. Both companies intend to optimize the office location in the future.
Services
Artemide AC will be the number one company in the Luzern area for specialized and
investigative services in the modern business environment. Artemide AC also offers both classic,
auditing, and general consulting services.
Artemide AC will offer three main services - Auditing, Consulting, and Investigation.
There appear to be four main classes of competition, as indicated under section 3.2.
Fulfillment of services will be provided in the future by Sandor Artemide and other equally
qualified professionals.
It's important to be current with the classic and special business software.
1. Auditing - Financial data must be checked and confirmed, we consider this normal, as a service
related to auditing. Most of these services are legal audits in the sense of Swiss company law. A
Legal Audit is the most comprehensive assessment of the presentation of financial data. By
contrast, a Review is generally prepared for the assurance of the management and as a
minimum requirement of financial institutions for the propose of extending credit. Finally an
Analysis is limited on the plausibility and the ratios. An Analysis is normally based on audited or
reviewed financial statements.
An essential part of all audit activities is understanding the business environment in which a
company operates and to evaluate the risks of financial losses. In fact it's necessary to check
past financial statements, but the key for a modern audit is to have time to move from an
accounting approach to a planning approach--from present to future.
2. Consulting - Includes business planning, business evaluation, merger and acquisition, start-up
planning, restructuring, and business-succession planning, etc.
3. Investigation - Our auditing and business expertise provides us with the ability to perform
analysis, specialized audits, and valuation of businesses in business disputes, fraud, or other
cases of incertitude and disputes.
There seems to be four major classes of competition in the actual fiduciary business in
Switzerland:
1. Individual proprietors and small fiduciary and accounting offices. The primary business of
these competitors is accounting and tax compliance (for individuals and companies). This
offices normally employ between 1 and 5 people. These offices deal in a large spectrum on a
general level, but without specialization. These offices are often members of the STV.
2. Medium fiduciary offices with between 6 and 25 or more employees. These offices are also
dealing in a large and general spectrum. If there are several partners--with different
formation and specialties--these offices are available for general financial and tax consulting.
This offices are member of the STV or/and the TK.
3. Large auditing and consulting companies. These companies have several hundred employees.
They tend to operate more in the lucrative consulting business. Public companies are normally
audited by these companies. Large companies are normally not interested in dealing with small
and medium business. All large companies have an international network.
4. Banks, Assurances and other Financial Consultants are new competitors. Financial services are
"in." Banks are active in start-up consulting, corporate finance, mergers and acquisitions, and
others.
3.3 Fulfillment
The fulfillment of services was provided in the past by the owner himself. The
ultimate delivery was the owner's expertise and problem solving capability, coupled with an open
mind and ease of communication. The end result is an established trust with complete customer
confidence and satisfaction.
In the future, the clients must also accept the work of other qualified personnel--it is necessary to
transfer and expand the established personal goodwill into company goodwill. This will only
be possible with qualified and motivated employees.
3.4 Technology
Technology is, of course, very important to the success of Artemide Auditing & Cconsulting. It
is imperative that the company stay up-to-date on the technological developments in the classic
business software like MS-Office, etc. as well as in the special software and tools for auditing,
financial planning, business planning, etc.
In addition, it will be important to devote a reasonable portion of each year's revenues toward
upgrading the equipment and software used by Artemide AC in its normal operations.
Logical segmentation breaks the market down into the following: Individuals, Investors, Small
Businesses, Medium Businesses, Large Businesses, and Authorities and Public Organizations.
Descriptions are provided below.
The largest and most logical target markets for Artemide AC at the present are small and
medium businesses. In a new "Financial Industry" Individuals and Investors become an
important market segment.
For our business, we do not have main competitors. We have a lot of widely-sized competitors
in a vast market of services. This market environment gives ample opportunity for Artemide AC
to create and expand a niche in the chosen market fields.
Finally, worth noting is the growth trend for the general market, estimated between 5%
and 10%, annually.
The following chart and table reflect the estimated market segmentation and growth for this
business.
Individual persons and Investors
Small Businesses - Defined as businesses with 1 to 24 employees, this is the second largest and
fastest growing segment in our region.
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Market Analysis
Individuals and
20% 3 4 5 6 7 23.59%
Investors
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business plan.
For our further development, we consider the following market segments to be very important:
Artemide AC will focus its marketing strategy primarily on these market segments.
There are three different major opportunities (needs) in the fiduciary business over the next
years:
1. Bookkeeping and other services related to the operative financial management (payroll, cost-
accounting, accounting for pension funds, etc.).
2. Consulting and special mandates.
o Financial-Planning
o Business-Planning
o Business-Evaluation
o Startup-Planning
o Restructuring
o Business Succession-Planning
o Coaching in Financial-Managing
o Recovery
o Analyses
o Other
3. Legal Auditing (incl. IAS and other standards) as an independent and responsible institution.
We think that the need for consulting and other specialized fields has a strong growth potential.
Trend 3- (least important) Predicted continued growth in consulting because companies will be
unwilling to pay fixed costs of salaries, choosing instead to treat specialized financial knowledge
and needs as variable costs from external sources.
Economically it is more expedient to acquire specialized services from a consulting firm that has
its own specialized employees.
As noted in the previous section, several factors are predicted to continue well into the next
decade, not the least of which we estimate the annual market growth rate between 5% and 10%.
The fiduciary and consulting business for the local area is already well established, yet still
allows ample opportunity for us. This is supported by the following points:
Already in existence are a large number of firms - we think that most of the small and medium
firms are operating in a limited spectrum of traditional fiduciary services (accounting and tax)
and they do not have enough knowledge and/or time for entering the field of specialized
services - so we have new participants like banks, assurances, lawyers, and others entering the
market.
Customers in the fiduciary business tend to be loyal, relying on the same consultant for future
needs once a relationship has been established - this fact requires establishing a good and
intensive personal relationship with client. This, in the large, "big 6," firms, is often not realizable
because of staff turn over and inaccessibility of personnel.
The globalization of markets will increase the demands for expansion of new services related to
our business.
We believe our business is in a in a period of grand change. The competitors must be generalists
and specialists at the same time. For small and medium fiduciary businesses, a focus of
one primary segment of business is necessary. For example, if the "core" business is accounting,
the other fiduciary businesses like tax, auditing, consulting must be reduced to a general level. In
the core business, the company must be current with the services, while having the capacity to
innovate (like new accounting services related to the Internet).
For our business, we do not have main competitors: We have many competitors in diversified
services. More important than the competitors, is the need to get established in the right market
and to develop this market with a strong and flexible strategy.
Competition in the general field of business consulting in the Luzern area is quite intense.
Although numerous established companies offer a variety of services to different customer
segments, Artemide Auditing & Consulting AG considers competition in our focus market niche
of small and medium businesses to be modest. Customers in this segment strongly rely on the
consultant's professional qualifications and the ability to come up with viable solutions in a time-
and cost-effective manner.
Artemide AC will offer auditing, consulting, and investigation services to small and medium
businesses in the Luzern area. The company will focus on providing excellent customer service,
and that will generate favorable client referrals and increase customer retention.
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The company's sales strategy will be based on building long-term customer relationships, which
will result in repeat sales. Customer service and 'face time' with clients will be aimed to maintain
a high level of customer retention. The charts and table below outline the Sales Forecast for the
next three years.
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Sales Forecast
Sales
Management Summary
Sandor Artemide, the majority owner of Artemide AC, will assume strategic management
functions. Brigitte Artemide will be in charge of market research and customer support. No
major increases in personnel are expected in the next three years.
The following table outlines the two-person management system of Artemide AC.
Personnel Plan
Total People 2 2 2
Financial Plan
The following sections include the annual estimates for the standard set of financial tables.
Detailed monthly pro-forma tables are included in the appendix.
General Assumptions
2003 2004 2005
Plan Month 1 2 3
Other 0 0 0
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business plan.
The Benchmark chart below uses index values to compare past and future financial indicators.
The bars show relative change, not absolute values.
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Create your own business plan
With our average monthly fixed costs, Artemide will surpass break even consistently throughout
the next year of operations.
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Break-even Analysis
Assumptions:
The projected profit and loss information is presented in the table and charts below.
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We recommend using LivePlan as the easiest way to create graphs for your own business plan.
We recommend using LivePlan as the easiest way to create graphs for your own business plan.
We recommend using LivePlan as the easiest way to create graphs for your own business plan.
Other $0 $0 $0
Expenses
Rent $0 $0 $0
Other $0 $0 $0
Interest Expense $0 $0 $0
The projected cash flow and cash balance information is presented in the chart and table below.
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Cash Received
Cash Sales $0 $0 $0
Dividends $0 $0 $0
Assets
Current Assets
Long-term Assets
Current Liabilities
Current Borrowing $0 $0 $0
Long-term Liabilities $0 $0 $0
Total Liabilities $4,094 $5,877 $7,156
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business plan.
Business ratios for the years of this plan are shown below. Industry profile ratios based on the
Standard Industrial Classification (SIC) code 8721.01 - Auditing services, are shown for
comparison.
Ratio Analysis
Percent of Sales
Main Ratios
Activity Ratios
Debt Ratios
Liquidity Ratios
Additional Ratios
Appendix
Sales Forecast
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sales
Audit
0% $4,343 $5,791 $5,791 $5,791 $7,238 $9,844 $8,686 $9,844 $5,791 $5,791 $5,791 $5,791
services
Consulting 0% $2,606 $3,474 $3,474 $3,474 $4,343 $5,906 $5,212 $5,906 $3,474 $3,474 $3,474 $3,474
services
Investigatio
0% $1,737 $2,316 $2,316 $2,316 $2,895 $3,938 $3,474 $3,938 $2,316 $2,316 $2,316 $2,316
n services
$11,58 $11,58 $11,58 $14,47 $19,68 $17,37 $19,68 $11,58 $11,58 $11,58
Total Sales $8,686 $11,581
1 1 1 6 8 2 8 1 1 1
Direct Cost
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
of Sales
Audit
$651 $869 $869 $869 $1,086 $1,477 $1,303 $1,477 $869 $869 $869 $869
services
Consulting
$391 $521 $521 $521 $651 $886 $782 $886 $521 $521 $521 $521
services
Investigatio
$347 $463 $463 $463 $579 $788 $695 $788 $463 $463 $463 $463
n services
Subtotal
Direct Cost $1,389 $1,853 $1,853 $1,853 $2,316 $3,151 $2,780 $3,151 $1,853 $1,853 $1,853 $1,853
of Sales
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business plan.
Personnel Plan
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sandor
$4,00 $4,00 $4,00 $4,00 $4,00 $4,00 $4,00 $4,00 $4,00 $4,00 $4,00
Artemid 0% $4,000
0 0 0 0 0 0 0 0 0 0 0
e
Brigitte
$2,00 $2,00 $2,00 $2,00 $2,00 $2,00 $2,00 $2,00 $2,00 $2,00 $2,00
Artemid 0% $2,000
0 0 0 0 0 0 0 0 0 0 0
e
Total
2 2 2 2 2 2 2 2 2 2 2 2
People
Total $6,00 $6,00 $6,00 $6,00 $6,00 $6,00 $6,00 $6,00 $6,00 $6,00 $6,00
$6,000
Payroll 0 0 0 0 0 0 0 0 0 0 0
General Assumptions
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Plan
1 2 3 4 5 6 7 8 9 10 11 12
Month
Current
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Interes
% % % % % % % % % % % %
t Rate
Long-
term 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00
Interes % % % % % % % % % % % %
t Rate
Tax 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Rate % % % % % % % % % % % %
Other 0 0 0 0 0 0 0 0 0 0 0 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$11,58 $11,58 $11,58 $14,47 $19,68 $17,37 $19,68 $11,58 $11,58 $11,58
Sales $8,686 $11,581
1 1 1 6 8 2 8 1 1 1
Direct Cost
$1,389 $1,853 $1,853 $1,853 $2,316 $3,151 $2,780 $3,151 $1,853 $1,853 $1,853 $1,853
of Sales
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost
$1,389 $1,853 $1,853 $1,853 $2,316 $3,151 $2,780 $3,151 $1,853 $1,853 $1,853 $1,853
of Sales
Gross 84.01
84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00% 84.00%
Margin % %
Expenses
Payroll $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Sales and
Marketing
$400 $590 $590 $590 $590 $599 $590 $590 $590 $590 $590 $590
and Other
Expenses
Depreciatio
$200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
n
Leased
Equipment
$200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
(incl. office
rental)
Utilities
(incl. office
$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150
furniture,
etc.)
Insurance $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payroll
16% $960 $960 $960 $960 $960 $960 $960 $960 $960 $960 $960 $960
Taxes
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total $8,010 $8,200 $8,200 $8,200 $8,200 $8,209 $8,200 $8,200 $8,200 $8,200 $8,200 $8,200
Operating
Expenses
Profit
Before
($713) $1,528 $1,528 $1,528 $3,961 $8,329 $6,393 $8,338 $1,529 $1,528 $1,528 $1,528
Interest and
Taxes
EBITDA ($513) $1,728 $1,728 $1,728 $4,161 $8,529 $6,593 $8,538 $1,729 $1,728 $1,728 $1,728
Interest
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Expense
Taxes
($178) $382 $382 $382 $990 $2,082 $1,598 $2,084 $382 $382 $382 $382
Incurred
Net Profit ($535) $1,146 $1,146 $1,146 $2,970 $6,246 $4,794 $6,253 $1,146 $1,146 $1,146 $1,146
Net
-6.16% 9.90% 9.90% 9.90% 20.52% 31.73% 27.60% 31.76% 9.90% 9.90% 9.90% 9.90%
Profit/Sales
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Cash
Received
Cash from
Operations
Cash Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash from $11,58 $11,58 $11,67 $14,65 $19,61 $17,44 $19,41 $11,58 $11,58
$5,791 $6,080 $8,783
Receivables 1 1 8 0 1 9 8 1 1
Subtotal
$11,58 $11,58 $11,67 $14,65 $19,61 $17,44 $19,41 $11,58 $11,58
Cash from $5,791 $6,080 $8,783
1 1 8 0 1 9 8 1 1
Operations
Additional
Cash
Received
New
Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Borrowing
New Other
Liabilities
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
(interest-
free)
New Long-
term $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Sales of
Other
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Current
Assets
Sales of
Long-term $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Assets
New
Investment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Received
Subtotal
$11,58 $11,58 $11,67 $14,65 $19,61 $17,44 $19,41 $11,58 $11,58
Cash $5,791 $6,080 $8,783
1 1 8 0 1 9 8 1 1
Received
Expenditure
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
s
Expenditure
s from
Operations
Cash
$6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Spending
Bill
$11,682 $3,061 $4,235 $4,235 $4,271 $5,370 $7,213 $6,406 $7,135 $4,235 $4,235 $4,235
Payments
Subtotal $17,682 $9,061 $10,23 $10,23 $10,27 $11,37 $13,21 $12,40 $13,13 $10,23 $10,23 $10,23
Spent on
Operations 5 5 1 0 3 6 5 5 5 5
Additional
Cash Spent
Sales Tax,
VAT,
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
HST/GST
Paid Out
Principal
Repayment
$2,895 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
of Current
Borrowing
Other
Liabilities
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal
Repayment
Long-term
Liabilities
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal
Repayment
Purchase
Other
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Current
Assets
Purchase
Long-term $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Assets
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal $11,06 $12,23 $12,23 $12,27 $13,37 $15,21 $14,40 $15,13 $12,23 $12,23 $12,23
$22,577
Cash Spent 1 5 5 1 0 3 6 5 5 5 5
Cash $70,88 $67,43 $66,77 $66,08 $64,39 $63,83 $69,03 $71,35 $78,53 $77,88 $77,22
$75,865
Balance 4 1 7 7 5 2 6 1 4 0 6
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Starting
Assets
Balances
Current
Assets
Cash $92,651 $75,865 $70,884 $67,431 $66,777 $66,087 $64,395 $63,832 $69,036 $71,351 $78,534 $77,880 $77,226
Accounts
$11,581 $14,477 $19,977 $22,776 $22,776 $25,671 $33,681 $36,404 $36,481 $30,613 $22,776 $22,776 $22,776
Receivable
Other
Current $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158 $1,158
Assets
Total Current
$105,390 $91,499 $92,019 $91,365 $90,711 $92,916 $99,234 $101,393 $106,675 $103,121 $102,468 $101,814 $101,160
Assets
Long-term
Assets
Long-term
$6,948 $8,948 $10,948 $12,948 $14,948 $16,948 $18,948 $20,948 $22,948 $24,948 $26,948 $28,948 $30,948
Assets
Accumulated
$0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 $2,400
Depreciation
Total Long-
$6,948 $8,748 $10,548 $12,348 $14,148 $15,948 $17,748 $19,548 $21,348 $23,148 $24,948 $26,748 $28,548
term Assets
Total Assets $112,338 $100,247 $102,567 $103,713 $104,859 $108,864 $116,982 $120,941 $128,023 $126,269 $127,416 $128,562 $129,708
Liabilities and
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Capital
Current
Liabilities
Accounts
$11,581 $2,920 $4,094 $4,094 $4,094 $5,129 $7,000 $6,165 $6,994 $4,093 $4,094 $4,094 $4,094
Payable
Current
$2,895 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Borrowing
Other
Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Subtotal
Current $14,476 $2,920 $4,094 $4,094 $4,094 $5,129 $7,000 $6,165 $6,994 $4,093 $4,094 $4,094 $4,094
Liabilities
Long-term
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Total
$14,476 $2,920 $4,094 $4,094 $4,094 $5,129 $7,000 $6,165 $6,994 $4,093 $4,094 $4,094 $4,094
Liabilities
Paid-in
$5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Capital
Retained
$92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862 $92,862
Earnings
Earnings $0 ($535) $611 $1,757 $2,903 $5,874 $12,120 $16,914 $23,168 $24,314 $25,460 $26,606 $27,752
Total Capital $97,862 $97,327 $98,473 $99,619 $100,765 $103,736 $109,982 $114,776 $121,030 $122,176 $123,322 $124,468 $125,614
Total
Liabilities and $112,338 $100,247 $102,567 $103,713 $104,859 $108,864 $116,982 $120,941 $128,023 $126,269 $127,416 $128,562 $129,708
Capital
Net Worth $97,862 $97,327 $98,473 $99,619 $100,765 $103,736 $109,982 $114,776 $121,030 $122,176 $123,322 $124,468 $125,614