Instruc tio ns - Ge ne ra l

Th a n k yo u fo r u sin g th is b u d g e tin g m o d e l d e ve lo p e d b y C FO Te m p la te s.c o m . Th is is a n a ll-

in c lu sive fin a n c ia l p la n n in g m o d e l fo r th e h o te l in d u stry. If yo u re q u ire a b u d g e tin g te m p la te
fo r a d iffe re n t in d u stry, p le a se h a ve a lo o k a t a sim ila r b u d g e tin g m o d e l fo r yo u r in d u stry o n
o u r w e b site C FO Te m p la te s.c o m . If yo u c a n ’t fin d w h a t yo u a re lo o kin g fo r, c o n sid e r o rd e rin g
a c u sto m ize d b u d g e tin g m o d e l. Ple a se c o n ta c t u s a t in fo @c fo te m p la te s.c o m .

The Struc ture

Th e m o d e l c o n ta in s a ssu m p tio n s a n d p ro je c tio n s fo r Pro fit a n d Lo ss sta te m e n t (PL), Ba la n c e
sh e e t (BS) a n d C a sh flo w sta te m e n t (C F), a s w e ll a s d e ta ile d p ro je c tio n s fo r sp e c ific p a rts o f
th e sta te m e n ts. Th e se d e ta ile d p ro je c tio n s in flu e n c e th e b ig p ic tu re a n d a re lo g ic a lly d ivid e d
in to d iffe re n t w o rksh e e ts. De ta ile d in stru c tio n s a re g ive n o n e a c h w o rksh e e t.

Th o se w o rksh e e ts th a t in flu e n c e P&L sta te m e n t h a ve ta b s c o lo re d in Blu e . Th o se th a t

in flu e n c e th e Ba la n c e Sh e e t a re c o lo re d in Re d . Th e C a sh flo w sta te m e n t is c o lo re d in G re e n
a n d is a u to m a tic a lly d e rive d fro m b o th th e P&L a n d BS sta te m e n ts.

Wo rksh e e ts th a t a re c o lo re d in Pu rp le , c o n ta in va rio u s a n a lytic a l in fo rm a tio n . Th e y a re

d e rive d fro m o th e r w o rksh e e ts a n d d o n o t in flu e n c e th e m . De ta ile d in stru c tio n s a re g ive n o n
e a c h w o rksh e e t.

Mo st o f th e d a ta is c a lc u la te d a u to m a tic a lly, h o w e ve r, u se r in p u t is ve ry im p o rta n t fo r

o b ta in in g u sa b le re su lts. To d iffe re n tia te u se r in p u t fro m a u to m a tic c a lc u la tio n s, d iffe re n t
c o lo r sc h e m e s a re u se d in th e m o d e l.

Custo m iza tio n

If yo u n e e d to m a ke so m e slig h t c h a n g e s to th e m o d e l o r to a d ju st it to yo u r sp e c ific n e e d s,
w e re c o m m e n d th a t yo u o rd e r a c u sto m iza tio n o f th e m o d e l. Ple a se , c o n ta c t u s a t
in fo @c fo te m p la te s.c o m to sp e c ify yo u r n e e d s a n d g e t a q u o te o n th e n u m b e r o f
c u sto m iza tio n h o u rs yo u w ill n e e d to o rd e r.

Yo u c a n a lso o rd e r a c u sto m ize d b u d g e t fu lfillm e n t re p o rt th a t w ill a u to m a tic a lly c o n n e c t

d a ta fro m yo u r a c c o u n tin g o r ERP syste m w ith th is m o d e l. Th is w ill a llo w yo u to ke e p tra c k o f
a ll yo u r c o m p a n y’s fin a n c ia l in fo rm a tio n w ith ve ry little m a n u a l in p u t. Yo u w ill b e a b le to vie w
a n y a sp e c t o f th e fin a n c ia l h e a lth o f yo u r c o m p a n y w ith th e c lic k o f a fe w b u tto n s. Bu d g e t
fu lfillm e n t re p o rts a re c u sto m ize d to yo u r a c c o u n tin g / ERP syste m .

Ed iting
To sta rt fillin g in th e m o d e l w ith yo u r n u m b e rs p le a se p ro c e e d to th e Assu m p tio n s w o rksh e e t. If
yo u n e e d o u r h e lp w ith th is, p le a se c o n ta c t u s a t in fo @c fo te m p la te s.c o m . If yo u n e e d o u r
h e lp in p re p a rin g th e b u d g e t, a d ju stin g it to yo u r n u m b e rs, ju st c o n ta c t u s, w e a re re a d y to
a ssist yo u .
 Company name Budget. Main Assumptions 2020

Key Data
Company name Company name
Financial year 2020
Financial year begins in March
Employer ID number/Social Security Number 987654321
Base currency $

Hotel Information
Room type Number of rooms
Standard single room 10
Standard double room 10
De Luxe single room 10
De Luxe double room 10
Suite 10
Room type 1 10
Room type 2 10
Room type 3 10
Room type 4 10
Room type 5 10

Corporate Income Tax

Min of Income Range Max of Income Range Rate
0 50000 15%
50000 75000 25%
75000 100000 34%
100000 335000 39%
335000 10000000 34%
10000000 15000000 35%
15000000 18333000 38%
18333000 18333000+ 35%
tions 2020

Company name
2020
March
987654321
$

Restaurant Information
Product groups Mark-up
Salads 100.0%
Soups 100.0%
Main courses 100.0%
Desserts 100.0%
Wine 100.0%
Champagne 100.0%
Other Alcohol 100.0%
Non-alcoholic beverages 100.0%
Coffee 100.0%
Tea 100.0%

Taxes
Tax Rate
Payroll Taxes 1.0%
Other Payroll Related Benefits 1.0%
Sales Tax - Hotel 1.0%
Sales Tax - Restaurant 1.0%
Sales Tax - Conference Hall 1.0%
Sales Tax - Purchases 1.0%
 Company name Profit and Loss Budget 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total

Net sales 610,257 811,231 689,596 678,720 835,758 692,862 792,886 764,598 719,526 810,154 891,502 743,508 9,040,598
Sales Hotel 399,900 549,000 567,300 549,000 567,300 567,300 549,000 567,300 549,000 632,400 632,400 571,200 6,701,100
Sales Restaurant 79,507 77,781 80,246 73,870 83,058 69,612 68,736 70,198 76,676 73,054 73,102 76,808 902,648
Sales Conference Hall 130,850 184,450 42,050 55,850 185,400 55,950 175,150 127,100 93,850 104,700 186,000 95,500 1,436,850

Direct Cost 468,039 547,191 475,628 459,335 571,484 472,111 534,768 523,554 490,338 587,947 633,771 525,764 6,289,929
Direct hotel costs 362,235 408,150 421,755 408,150 421,755 421,755 408,150 421,755 408,150 496,620 496,620 448,560 5,123,655
Direct restaurant costs 39,754 38,891 40,123 36,935 41,529 34,806 34,368 35,099 38,338 36,527 36,551 38,404 451,324
Direct conference hall costs 66,050 100,150 13,750 14,250 108,200 15,550 92,250 66,700 43,850 54,800 100,600 38,800 714,950

Gross income 142,219 264,041 213,968 219,385 264,274 220,751 258,118 241,044 229,188 222,207 257,731 217,744 2,750,669

SGA Costs 154,418 154,529 154,529 155,085 155,128 155,544 155,544 163,044 155,587 177,687 155,587 155,587 1,892,269
Staff salaries 47,600 47,600 47,600 47,600 47,600 47,600 47,600 47,600 47,600 69,700 47,600 47,600 593,300
Administration salaries 20,485 20,485 20,485 20,485 20,527 20,527 20,527 20,527 20,570 20,570 20,570 20,570 246,330
Rent & Utilities 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 720,000
Marketing costs 100 100 100 100 100 100 100 100 100 100 100 100 1,200
Selling costs 100 100 100 100 100 100 100 100 100 100 100 100 1,200
Administrations costs 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Other costs 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
SGA costs 8 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 9 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 10 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 11 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 12 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 13 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 14 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 15 0 0 0 0 0 0 0 0 0 0 0 0 0

Amortization of intangible assets 283 394 394 950 950 1,367 1,367 1,367 1,367 1,367 1,367 1,367 12,539
Depreciation of fixed assets 150 150 150 150 150 150 150 150 150 150 150 150 1,800
Development costs 0 0 0 0 0 0 0 7,500 0 0 0 0 7,500

Other operating revenues 0 0 0 0 0 0 0 0 0 0 0 0 0

Other operating expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest income 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest expenses 789 998 789 581 373 38 0 0 0 0 0 0 3,568

Income before extraordinary items (12,989) 108,514 58,649 63,719 108,774 65,169 102,574 78,000 73,601 44,520 102,144 62,157 854,833

Non recurring income 0 0 0 0 0 0 0 0 0 0 0 0 0

Non recurring expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

Profit before taxes (12,989) 108,514 58,649 63,719 108,774 65,169 102,574 78,000 73,601 44,520 102,144 62,157 854,833

Federal Income Tax 0 36,342 19,642 21,340 36,430 21,826 34,353 26,123 24,650 14,910 34,209 20,817 290,643
State Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0
Other taxes 0 0 0 0 0 0 0 0 0 0 0 0 0

Net income (12,989) 72,171 39,007 42,379 72,344 43,343 68,221 51,877 48,951 29,610 67,935 41,340 564,190

*EBITDA (11,767) 110,056 59,983 65,400 110,247 66,724 104,091 79,517 75,118 46,037 103,661 63,674 872,739
**EBIT (12,200) 109,511 59,439 64,300 109,147 65,207 102,574 78,000 73,601 44,520 102,144 62,157 858,400
 Company name Balance Sheet 2020

Assets Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Cash 125,000 378,029 499,383 436,013 299,106 355,845 188,805 257,818 288,872 310,184 363,200 429,947 379,391
Marketable securities 0 0 0 0 0 0 0 0 0 0 0 0 0
Accounts receivable 15,000 22,376 29,745 25,285 24,886 30,644 25,405 29,072 28,035 26,383 29,706 32,688 27,262
Sales tax overpayment 0 0 0 0 65 0 0 0 0 0 0 0 0
Inventory 10,000 10,247 6,356 6,233 9,298 7,769 7,963 8,595 8,496 5,158 8,631 7,080 3,676
Total current assets 150,000 410,652 535,484 467,531 333,355 394,258 222,173 295,485 325,404 341,725 401,536 469,715 410,329
Long-term financial investments 0 0 0 0 0 0 0 0 0 0 0 0 0
Tangible assets 200,000 199,850 199,700 199,550 199,400 199,250 199,100 198,950 198,800 198,650 198,500 198,350 198,200
Intangible assets 10,000 19,717 39,322 38,928 137,978 137,028 185,661 184,294 182,928 181,561 180,194 178,828 177,461
Total fixed assets 210,000 219,567 239,022 238,478 337,378 336,278 384,761 383,244 381,728 380,211 378,694 377,178 375,661
Total assets 360,000 630,218 774,506 706,009 670,733 730,536 606,934 678,730 707,131 721,936 780,231 846,893 785,990

Equity and liabilities Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Short-term loans 40,000 40,000 40,000 40,000 40,000 40,000 0 0 0 0 0 0 0
Accounts payable 5,000 276,969 316,545 280,764 272,618 328,692 279,006 310,334 308,477 288,119 336,924 359,836 305,832
Advances received 15,000 41,175 42,548 41,175 42,548 42,548 41,175 42,548 41,175 47,430 47,430 42,840 15,000
Sales tax debt 0 63 1,231 881 0 1,384 499 1,372 1,126 1,083 963 1,368 968
Other tax liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Current liabilities 60,000 358,207 400,324 362,820 355,165 412,623 320,679 354,254 350,778 336,632 385,317 404,044 321,800
Long-term loans 60,000 65,000 65,000 65,000 65,000 65,000 10,000 0 0 0 0 0 0
Long-term leasing 0 0 0 0 0 0 0 0 0 0 0 0 0
Owners' loans 100,000 100,000 150,000 100,000 50,000 0 0 0 0 0 0 0 0
Long-term liabilities 160,000 165,000 215,000 165,000 115,000 65,000 10,000 0 0 0 0 0 0
Total liabilities 220,000 523,207 615,324 527,820 470,165 477,623 330,679 354,254 350,778 336,632 385,317 404,044 321,800
Provisions 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Share Capital 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Reserves 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings from prevous years 20,000 0 (20,000) (40,000) (60,000) (80,000) (100,000) (120,000) (140,000) (160,000) (180,000) (200,000) (220,000)
Current year's Net Income 0 (12,989) 59,182 98,189 140,568 212,913 256,255 324,476 376,353 425,304 454,914 522,849 564,190
Retained earnings 20,000 (12,989) 39,182 58,189 80,568 132,913 156,255 204,476 236,353 265,304 274,914 322,849 344,190
Total equity 120,000 87,011 139,182 158,189 180,568 232,913 256,255 304,476 336,353 365,304 374,914 422,849 444,190
Total equity and liabilities 360,000 630,218 774,506 706,009 670,733 730,536 606,934 678,730 707,131 721,936 780,231 846,893 785,990
 Company name Cash Flow Budget 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

Cash and cash equivalents at the beginning of the period 125,000 378,029 499,383 436,013 299,106 355,845 188,805 257,818 288,872 310,184 363,200 429,947

Operating Activities
Net income (loss) (12,989) 72,171 39,007 42,379 72,344 43,343 68,221 51,877 48,951 29,610 67,935 41,340
Adjustments 1,223 1,542 1,334 1,681 1,473 1,555 1,517 1,517 1,517 1,517 1,517 1,517
+ Depreciation and amortization 433 544 544 1,100 1,100 1,517 1,517 1,517 1,517 1,517 1,517 1,517
+ Increase in provisions 0 0 0 0 0 0 0 0 0 0 0 0
- Interest income 0 0 0 0 0 0 0 0 0 0 0 0
+ Interest expense 789 998 789 581 373 38 0 0 0 0 0 0
Decrease in operating assets
- Accounts receivable (7,376) (7,369) 4,460 334 (5,693) 5,240 (3,668) 1,037 1,653 (3,323) (2,983) 5,426
- Inventories (247) 3,891 123 (3,065) 1,529 (194) (632) 99 3,338 (3,473) 1,551 3,404
Increase in operating liabilities
+ Accounts payable and tax debt 298,207 42,117 (37,504) (7,655) 57,458 (51,944) 33,575 (3,475) (14,147) 48,685 18,727 (82,243)
Cash provided by operations 278,818 112,351 7,419 33,674 127,111 (2,001) 99,013 51,054 41,312 73,015 86,747 (30,556)

Investment activities
Financial investments 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of property, plant, equipment and intangible assets (10,000) (20,000) 0 (100,000) 0 (50,000) 0 0 0 0 0 0
Investments in short-term financial instrumetns 0 0 0 0 0 0 0 0 0 0 0 0
Interest income 0 0 0 0 0 0 0 0 0 0 0 0
Cash used for investment activities (10,000) (20,000) 0 (100,000) 0 (50,000) 0 0 0 0 0 0

Financing activities
Net increase (decrease) in bank financing 5,000 0 0 0 0 (95,000) (10,000) 0 0 0 0 0
Interest expense (789) (998) (789) (581) (373) (38) 0 0 0 0 0 0
Net increase (decrease) in owners' financing 0 50,000 (50,000) (50,000) (50,000) 0 0 0 0 0 0 0
Dividend payment (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000) (20,000)
Increase (decrease) in reserves 0 0 0 0 0 0 0 0 0 0 0 0
Increase (decrease) in share capital 0 0 0 0 0 0 0 0 0 0 0 0
Cash provided by (used for) financing activities (15,789) 29,003 (70,789) (70,581) (70,373) (115,038) (30,000) (20,000) (20,000) (20,000) (20,000) (20,000)

Increase (decrease) in cash and cash equivalents 253,029 121,354 (63,370) (136,907) 56,739 (167,039) 69,013 31,054 21,312 53,015 66,747 (50,556)

Cash and cash equivalents at the end of the period 378,029 499,383 436,013 299,106 355,845 188,805 257,818 288,872 310,184 363,200 429,947 379,391
Total

125,000

564,190
17,906
14,339
0
0
3,568

(12,262)
6,324

301,800
877,958

0
(180,000)
0
0
(180,000)

(100,000)
(3,568)
(100,000)
(240,000)
0
0
(443,568)

254,391

379,391
 Company name Sales 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total

Hotel revenue 399,900 549,000 567,300 549,000 567,300 567,300 549,000 567,300 549,000 632,400 632,400 571,200 6,701,100

Room type
Standard single room 46,500 45,000 46,500 45,000 46,500 46,500 45,000 46,500 45,000 46,500 46,500 42,000 547,500
Standard double room 55,800 54,000 55,800 54,000 55,800 55,800 54,000 55,800 54,000 55,800 55,800 50,400 657,000
De Luxe single room 65,100 63,000 65,100 63,000 65,100 65,100 63,000 65,100 63,000 65,100 65,100 58,800 766,500
De Luxe double room 49,600 120,000 124,000 120,000 124,000 124,000 120,000 124,000 120,000 124,000 124,000 112,000 1,385,600
Suite 62,000 150,000 155,000 150,000 155,000 155,000 150,000 155,000 150,000 155,000 155,000 140,000 1,732,000
Room type 1 18,600 18,000 18,600 18,000 18,600 18,600 18,000 18,600 18,000 46,500 46,500 42,000 300,000
Room type 2 13,950 13,500 13,950 13,500 13,950 13,950 13,500 13,950 13,500 46,500 46,500 42,000 258,750
Room type 3 41,850 40,500 41,850 40,500 41,850 41,850 40,500 41,850 40,500 46,500 46,500 42,000 506,250
Room type 4 31,000 30,000 31,000 30,000 31,000 31,000 30,000 31,000 30,000 31,000 31,000 28,000 365,000
Room type 5 15,500 15,000 15,500 15,000 15,500 15,500 15,000 15,500 15,000 15,500 15,500 14,000 182,500
 Company name Restaurant 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
 Company name Conference Hall 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Feb Total
 Company name Direct Room Cost 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Direct room costs 362,235 408,150 421,755 408,150 421,755 421,755 408,150 421,755 408,150 496,620

Housekeeping costs 65,255 73,950 76,415 73,950 76,415 76,415 73,950 76,415 73,950 93,000
Towels 48,050 55,500 57,350 55,500 57,350 57,350 55,500 57,350 55,500 68,200
Sheets 35,030 39,300 40,610 39,300 40,610 40,610 39,300 40,610 39,300 48,980
Toiletries 29,450 32,100 33,170 32,100 33,170 33,170 32,100 33,170 32,100 37,510
Cost of breakfast 29,450 32,100 33,170 32,100 33,170 33,170 32,100 33,170 32,100 37,510
Cost 6 29,450 32,100 33,170 32,100 33,170 33,170 32,100 33,170 32,100 37,510
Cost 7 29,450 32,100 33,170 32,100 33,170 33,170 32,100 33,170 32,100 37,510
Cost 8 48,050 55,500 57,350 55,500 57,350 57,350 55,500 57,350 55,500 68,200
Cost 9 48,050 55,500 57,350 55,500 57,350 57,350 55,500 57,350 55,500 68,200
 Company name Staff Salaries 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Instruc tio ns – Sta ff sa la rie s
Total 47,600 47,600 47,600 47,600 47,600 47,600 47,600 47,600 47,600 69,700 47,600 47,600 593,300

Staff costs 46,667 46,667 46,667 46,667 46,667 46,667 46,667 46,667 46,667 68,333 46,667 46,667 581,667
Th is is th e Sta ff sa la ry b u d g e t.
Receptionists 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 50,000 Th e first ste p is to e d it th e sta ff
Housekeepers 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 10,000 3,333 3,333 46,667 p o sitio n s th a t a re re le va n t to y
Reception managers 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 5,000 2,500 2,500 32,500
Housekeeping managers 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667 Th e n e xt ste p is to fill-in th e a v
Hotel maintanance staff 833 833 833 833 833 833 833 833 833 1,667 833 833 10,833 o n th e rig h t sid e o f th e ta b le b
Bellhops 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667
To fin ish th e sta ff sa la ry b u d
Waiters 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667
e m p lo ye e s w o rkin g e a c h m o n
Bartenders 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667
Chef 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667 Afte r yo u a re fin ish e d p la n n in
Cooks 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000 th e Ad m in istra tio n Sa la rie s w o
Cook assistants 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667
Dish washers 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 1,667 1,667 21,667
Banquet managers 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 14 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 15 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 16 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 17 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 18 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 19 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 20 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 21 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 22 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 23 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 24 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Position 25 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000

Payroll Taxes 467 467 467 467 467 467 467 467 467 683 467 467 5,817
Other Payroll Related Benefits 467 467 467 467 467 467 467 467 467 683 467 467 5,817
Number of employees 25 25 25 25 25 25 25 25 25 36 25 25 26
Avg Gross Salary 1,867 1,867 1,867 1,867 1,867 1,867 1,867 1,867 1,867 1,898 1,867 1,867 22,444

Staff list Average number of employees per month AVG Annual Salary

Receptionists 1 1 1 1 1 1 1 1 1 1 1 1 50,000
Housekeepers 1 1 1 1 1 1 1 1 1 3 1 1 40,000
Reception managers 1 1 1 1 1 1 1 1 1 2 1 1 30,000
Housekeeping managers 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Hotel maintanance staff 1 1 1 1 1 1 1 1 1 2 1 1 10,000
Bellhops 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Waiters 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Bartenders 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Chef 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Cooks 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Cook assistants 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Dish washers 1 1 1 1 1 1 1 1 1 2 1 1 20,000
Banquet managers 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 14 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 15 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 16 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 17 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 18 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 19 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 20 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 21 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 22 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 23 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 24 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Position 25 1 1 1 1 1 1 1 1 1 1 1 1 30,000
Instruc tio ns – Sta ff sa la rie s

Th is is th e Sta ff sa la ry b u d g e t.

Th e first ste p is to e d it th e sta ff list b y fillin g in a ll th e n o n -a d m in istra tive

p o sitio n s th a t a re re le va n t to yo u r b u sin e ss (c e lls B43:B67).

Th e n e xt ste p is to fill-in th e a ve ra g e sa la ry p e r ye a r fo r e a c h p o sitio n

o n th e rig h t sid e o f th e ta b le b e lo w (c e lls O 43:O 67).

To fin ish th e sta ff sa la ry b u d g e t yo u sh o u ld fill in th e n u m b e r o f

e m p lo ye e s w o rkin g e a c h m o n th a t e a c h o f th e p o sitio n s.

Afte r yo u a re fin ish e d p la n n in g h o te l sta ff sa la rie s, p le a se p ro c e e d to

th e Ad m in istra tio n Sa la rie s w o rksh e e t.
 Company name Admin Salaries 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Instruc tio ns – Ad m inistra tio n s
Total 20,485 20,485 20,485 20,485 20,527 20,527 20,527 20,527 20,570 20,570 20,570 20,570 246,330

Staff costs 20,083 20,083 20,083 20,083 20,125 20,125 20,125 20,125 20,167 20,167 20,167 20,167 241,500
Th is is th e b u d g e t fo r Ad m in ist
General hotel managers 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 50,000 Th e first ste p is to e d it th e a
HR manager 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 40,000 a d m in istra tive p o sitio n s th a t
Head of housekeeping 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000 B33:B47).
Procurment manager 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 20,000
Procurment specialist 833 833 833 833 833 833 833 833 833 833 833 833 10,000 Th e n e xt ste p is to fill in th e a v
Restaurant manager 833 833 833 833 833 833 833 833 833 833 833 833 10,000 o n th e rig h t sid e o f th e ta b le
Conference hall manager 833 833 833 833 833 833 833 833 833 833 833 833 10,000
To fin ish th e a d m in istra tio n
Position 8 833 833 833 833 833 833 833 833 833 833 833 833 10,000
n u m b e r o f e m p lo ye e s w o rkin
Position 9 833 833 833 833 833 833 833 833 833 833 833 833 10,000
Position 10 833 833 833 833 833 833 833 833 833 833 833 833 10,000 Afte r yo u a re fin ish e d p la n n
Position 11 833 833 833 833 833 833 833 833 833 833 833 833 10,000 p ro c e e d to th e SG A C o sts w o
Position 12 833 833 833 833 833 833 833 833 833 833 833 833 10,000
Position 13 833 833 833 833 833 833 833 833 833 833 833 833 10,000
Position 14 833 833 833 833 833 833 833 833 833 833 833 833 10,000
Position 15 83 83 83 83 125 125 125 125 167 167 167 167 1,500

Payroll Taxes 201 201 201 201 201 201 201 201 202 202 202 202 2,415
Other Payroll Related Benefits 201 201 201 201 201 201 201 201 202 202 202 202 2,415
Number of employees 16 16 16 16 17 17 17 17 18 18 18 18 17
Avg Gross Salary 1,255 1,255 1,255 1,255 1,184 1,184 1,184 1,184 1,120 1,120 1,120 1,120 14,206

Staff list Average number of employees per month AVG Annual Salary

General hotel managers 1 1 1 1 1 1 1 1 1 1 1 1 50,000

HR manager 1 1 1 1 1 1 1 1 1 1 1 1 40,000
Head of housekeeping 1 1 1 1 1 1 1 1 1 1 1 1 30,000
Procurment manager 1 1 1 1 1 1 1 1 1 1 1 1 20,000
Procurment specialist 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Restaurant manager 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Conference hall manager 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 8 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 9 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 10 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 11 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 12 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 13 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 14 1 1 1 1 1 1 1 1 1 1 1 1 10,000
Position 15 2 2 2 2 3 3 3 3 4 4 4 4 500
Instruc tio ns – Ad m inistra tio n sa la rie s

Th is is th e b u d g e t fo r Ad m in istra tio n sa la rie s.

Th e first ste p is to e d it th e a d m in istra tio n sta ff list b y fillin g in a ll th e

a d m in istra tive p o sitio n s th a t a re re le va n t to yo u r b u sin e ss (c e lls
B33:B47).

Th e n e xt ste p is to fill in th e a ve ra g e sa la ry p e r ye a r fo r e a c h p o sitio n

o n th e rig h t sid e o f th e ta b le b e lo w (c e lls O 33:O 47).

To fin ish th e a d m in istra tio n sa la ry b u d g e t, yo u sh o u ld fill in th e

n u m b e r o f e m p lo ye e s w o rkin g e a c h m o n th a t e a c h p o sitio n .

Afte r yo u a re fin ish e d p la n n in g th e a d m in istra tio n sa la rie s, p le a se

p ro c e e d to th e SG A C o sts w o rksh e e t.
 Company name SGA Cost 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total

Total 85,900 85,900 85,900 85,900 85,900 85,900 85,900 85,900 85,900 85,900 85,900 85,900 1,030,800

Rent 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Utilities 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Marketing costs 100 100 100 100 100 100 100 100 100 100 100 100 1,200
Selling costs 100 100 100 100 100 100 100 100 100 100 100 100 1,200
Administrations costs 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Other costs 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
SGA costs 8 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 9 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 10 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 11 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 12 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 13 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 14 100 100 100 100 100 100 100 100 100 100 100 100 1,200
SGA costs 15 0 0 0 0 0 0 0 0 0 0 0 0 0
 Company name Accounts Receivable 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
1 2 3 4 5 6 7 8 9 10 11 12
Planned Sales - Hotel 399,900 549,000 567,300 549,000 567,300 567,300 549,000 567,300 549,000 632,400 632,400 571,200
Advance payments, % 45% 45% 45% 45% 45% 45% 45% 45% 45% 45% 45% 45%
Advance, days 35 35 35 35 35 35 35 35 35 35 35 35
Deferred payments, % 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55%
Deferred payments, days 2 2 2 2 2 2 2 2 2 2 2 2
Current Accounts Receivable 14,663 20,130 20,801 20,130 20,801 20,801 20,130 20,801 20,130 23,188 23,188 20,944
Advances Received 41,175 42,548 41,175 42,548 42,548 41,175 42,548 41,175 47,430 47,430 42,840 0

Planned Sales - Restaurant 79,507 77,781 80,246 73,870 83,058 69,612 68,736 70,198 76,676 73,054 73,102 76,808
Advance payments, % 45% 45% 45% 45% 45% 45% 45% 45% 45% 45% 45% 45%
Advance, days 2 2 2 2 2 2 2 2 2 2 2 2
Deferred payments, % 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55%
Deferred payments, days 2 2 2 2 2 2 2 2 2 2 2 2
Current Accounts Receivable 2,915 2,852 2,942 2,709 3,045 2,552 2,520 2,574 2,811 2,679 2,680 2,816
Advances Received 0 0 0 0 0 0 0 0 0 0 0 0

Planned Sales - Conference Hall 130,850 184,450 42,050 55,850 185,400 55,950 175,150 127,100 93,850 104,700 186,000 95,500
Advance payments, % 45% 45% 45% 45% 45% 45% 45% 45% 45% 45% 45% 45%
Advance, days 2 2 2 2 2 2 2 2 2 2 2 2
Deferred payments, % 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55%
Deferred payments, days 2 2 2 2 2 2 2 2 2 2 2 2
Current Accounts Receivable 4,798 6,763 1,542 2,048 6,798 2,052 6,422 4,660 3,441 3,839 6,820 3,502
Advances Received 0 0 0 0 0 0 0 0 0 0 0 0

End-of-year Accounts Receivable Opening B. Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Closing B.
Balance 15,000 0 0 0 0 0 0 0 0 0 0 0 0 0
 Company name Accounts Payable 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

Purchases and costs 553,939 633,091 561,528 545,235 657,384 558,011 620,668 616,954 576,238 673,847 719,671 611,664
Deferred Payment, days 15 15 15 15 15 15 15 15 15 15 15 15
Current Accounts Payable 276,969 316,545 280,764 272,618 328,692 279,006 310,334 308,477 288,119 336,924 359,836 305,832

End-of-year Accounts Payable Opening B. Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Closing B.
Balance 5,000 0 0 0 0 0 0 0 0 0 0 0 0 0
 Company name Inventory and Purchases 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
1 2 3 4 5 6 7 8 9 10 11 12
Inventory at the beginning of the period 10,000 10,247 6,356 6,233 9,298 7,769 7,963 8,595 8,496 5,158 8,631 7,080 10,000
Cost of Revenue 39,754 38,891 40,123 36,935 41,529 34,806 34,368 35,099 38,338 36,527 36,551 38,404 451,324
Purchased products for the restaurant 40,000 35,000 40,000 40,000 40,000 35,000 35,000 35,000 35,000 40,000 35,000 35,000 445,000
Inventory at the end of the period 10,247 6,356 6,233 9,298 7,769 7,963 8,595 8,496 5,158 8,631 7,080 3,676 3,676

*Available funds 125,000 378,029 499,383 436,013 299,106 355,845 188,805 257,818 288,872 310,184 363,200 429,947
 Company name Capex Expenditure 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
1 2 3 4 5 6 7 8 9 10 11 12
CapEx investment summary Years 10,000 20,000 0 100,000 0 50,000 0 7,500 0 0 0 0 187,500
2-year Depreciation 2 0 0 0 0 0 0 0 0 0 0 0 0 0
3-year Depreciation 3 0 0 0 0 0 0 0 0 0 0 0 0 0
4-year Depreciation 4 0 0 0 0 0 0 0 0 0 0 0 0 0
5-year Depreciation 5 0 0 0 0 0 0 0 0 0 0 0 0 0
6-year Depreciation 6 0 0 0 0 0 0 0 0 0 0 0 0 0
8-year Depreciation 8 0 0 0 0 0 0 0 0 0 0 0 0 0
10-year Depreciation 10 0 0 0 0 0 0 0 0 0 0 0 0 0
33-year Depreciation 33 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-capitalized Costs Costs 0 0 0 0 0 0 0 7,500 0 0 0 0 7,500
10-year Intangible Assets 10 10,000 0 0 0 0 50,000 0 0 0 0 0 0 60,000
15-year Intangible Assets 15 0 20,000 0 100,000 0 0 0 0 0 0 0 0 120,000
20-year Intangible Assets 20 0 0 0 0 0 0 0 0 0 0 0 0 0

Tangible asset depreciation forecast 150 150 150 150 150 150 150 150 150 150 150 150 1,800
Depreciation of existing tang. assets 150 150 150 150 150 150 150 150 150 150 150 150 1,800
Depreciation of new tang. assets 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible assets amortization forecast 283 394 394 950 950 1,367 1,367 1,367 1,367 1,367 1,367 1,367 12,539
Amortisation of existing int. assets 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Amortisation of new int. assets 83 194 194 750 750 1,167 1,167 1,167 1,167 1,167 1,167 1,167 10,139

Fixed assets depreciation forecast 83 194 194 750 750 1,167 1,167 1,167 1,167 1,167 1,167 1,167 10,139
2-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
3-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
4-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
5-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
6-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
8-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
10-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
33-year Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
10-year Intangible Assets 83 83 83 83 83 500 500 500 500 500 500 500 3,917
15-year Intangible Assets 0 111 111 667 667 667 667 667 667 667 667 667 6,222
20-year Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0

Intangible Asset Projects

Project 1 Years Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Total 10,000 20,000 0 100,000 0 50,000 0 7,500 0 0 0 0 187,500
Capital investment 10,000 20,000 0 100,000 0 50,000 0 0 0 0 0 0 180,000
 Investment 1 10 10,000 0 0 0 0 0 0 0 0 0 0 0 10,000
Investment 2 10 0 0 0 0 0 50,000 0 0 0 0 0 0 50,000
Investment 3 15 0 0 0 100,000 0 0 0 0 0 0 0 0 100,000
Investment 4 15 0 20,000 0 0 0 0 0 0 0 0 0 0 20,000
Investment 5 20 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-capitalized expenses 0 0 0 0 0 0 0 7,500 0 0 0 0 7,500
Costs 1 Costs 0 0 0 0 0 0 0 5,000 0 0 0 0 5,000
Costs 2 Costs 0 0 0 0 0 0 0 2,500 0 0 0 0 2,500
Project 2 Years Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Total 0 0 0 0 0 0 0 0 0 0 0 0 0
Capital investment 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 2 10 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 3 15 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 4 15 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 5 20 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-capitalized expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 1 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 2 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0

Project 3 Years Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Total 0 0 0 0 0 0 0 0 0 0 0 0 0
Capital investment 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 2 10 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 3 15 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 4 15 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 5 20 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-capitalized expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 1 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 2 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0

Tangible Asset Projects

Project 1 Years Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Total 0 0 0 0 0 0 0 0 0 0 0 0 0
Capital investment 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 2 4 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 3 5 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 4 8 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 5 10 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-capitalized expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 1 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 2 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0

Project 2 Years Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
Total 0 0 0 0 0 0 0 0 0 0 0 0 0
Capital investment 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 2 4 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 3 5 0 0 0 0 0 0 0 0 0 0 0 0 0
 Investment 4 8 0 0 0 0 0 0 0 0 0 0 0 0 0
Investment 5 10 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-capitalized expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 1 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0
Costs 2 Costs 0 0 0 0 0 0 0 0 0 0 0 0 0
 Company name External C

Opening B. Mar Apr

Loans 200,000 5,000 50,000

Liabilities 100,000 0 50,000

Owner 100,000 0 0
Owner - new financing 0 0 50,000

Liabilities 100,000 5,000 0

Bank Loan 1 - Long term 20,000 5,000 0
Bank Loan 2 - Long term 20,000 0 0
Bank Loan 3 - Long term 20,000 0 0
Bank Loan 4 - Short Term 20,000 0 0
Bank Loan 5 - Short term 20,000 0 0
Bank Loan 6 - Short Term 0 0 0
Bank Loan 7 - Short Term 0 0 0
Long term lease 0 0 0

Interest payments 767 975

Liabilities Interest Rate 417 625

Owner 5.0% 417 417
Owner - new financing 5.0% 0 208

Liabilities Interest Rate 350 350

Bank Loan 1 - Long term 4.0% 83 83
Bank Loan 2 - Long term 4.0% 67 67
Bank Loan 3 - Long term 4.0% 67 67
Bank Loan 4 - Short Term 4.0% 67 67
Bank Loan 5 - Short term 4.0% 67 67
Bank Loan 6 - Short Term 4.0% 0 0
Bank Loan 7 - Short Term 4.0% 0 0
Long term lease 4.0% 0 0

Commission fee Commisssion 23 23

Credit line 1 0.1% 13 13
Credit line 2 0.1% 10 10

Lease contracts Contract Opening Balance Mar Apr

Contract 1 0 0 0
Contract 2 0 0 0
Contract 3 0 0 0
Company name External Capital Budget 2020

May Jun Jul Aug Sep Oct Nov Dec Jan

(50,000) (50,000) (50,000) (95,000) (10,000) 0 0 0 0

(50,000) (50,000) (50,000) 0 0 0 0 0 0

(50,000) (50,000) 0 0 0 0 0 0 0
0 (50,000) 0 0 0 0 0 0

0 0 0 (95,000) (10,000) 0 0 0 0
0 0 0 (15,000) (10,000) 0 0 0 0
0 0 0 (20,000) 0 0 0 0 0
0 0 0 (20,000) 0 0 0 0 0
0 0 0 (20,000) 0 0 0 0 0
0 0 0 (20,000) 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

767 558 350 33 0 0 0 0 0

417 208 0 0 0 0 0 0 0
208 0 0 0 0 0 0 0 0
208 208 0 0 0 0 0 0 0

350 350 350 33 0 0 0 0 0

83 83 83 33 0 0 0 0 0
67 67 67 0 0 0 0 0 0
67 67 67 0 0 0 0 0 0
67 67 67 0 0 0 0 0 0
67 67 67 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

23 23 23 5 0 0 0 0 0
13 13 13 5 0 0 0 0 0
10 10 10 0 0 0 0 0 0

May Jun Jul Aug Sep Oct Nov Dec Jan

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

Debt/EBITDA
DSCR
Feb Closing B.
Instruc tio ns – Fina nc ing
0 0
Th is is th e b u d g e t fo r yo u r c o m p a n y’s e xte rn a l fin a n c in g . He re yo
0 0 th a t yo u r c o m p a n y w ill re c e ive a n d / o r re p a y in th e fo rm o f p rio
0 0 m e zza n in e c a p ita l fro m VC s, in ve stm e n t fu n d s, b a n ks, o w n e rs, e t
0 0 Lo a n p rin c ip a l re c e ivin g a n d re p a ym e n ts a re fo re c a ste d in ta b le
n a m e fo r e a c h so u rc e o f e xte rn a l fin a n c in g in c o lu m n B. Ple a s
0 0 a m o u n t a t th e b e g in n in g o f th e ye a r in c o lu m n D. Th e n e n te r th e
0 0 re p a ym e n ts o f e a c h lo a n in c o lu m n s E-P. C o lu m n Q w ill sh o
0 0 a m o u n t a t th e e n d o f th e ye a r.
0 0
0 0 In te re st p a ym e n ts a re fo re c a st in ta b le Inte re st p a ym e nts. Fo r lo a
in c o lu m n D. Mo n th ly in te re st p a ym e n ts fo r e a c h lo a n a n d fo r
0 0
fo re c a st a u to m a tic a lly.
0 0
0 0 Ma n a g e m e n t fe e s fo r issu in g lo a n s m a y b e fo re c a ste d in ta b le C
0 0
To fo re c a st p rin c ip a l p a ym e n ts o n le a se a g re e m e n ts, p le a se
ta b le . Th e lo g ic h e re is th e sa m e a s fo r th e Lo a ns ta b le .
0 3,450 At th e b o tto m o f th e w o rksh e e t th e re a re DSC R a n d De b t/ EBITDA
h o w a d e q u a te yo u r c o m p a n y’s e xte rn a l c a p ita l is, c o m p a re d
0 1,667
Th e ru le o f th u m b is th a t De b t/ EBITDA sh o u ld n o t b e h ig h e r th a n 3
0 1,042 b e lo w e r th a n 1.2.
0 625
Afte r yo u fin ish fillin g in th is w o rksh e e t, p le a se p ro c e e d to Ta xe s.
0 1,783
0 450
0 333
0 333
0 333
0 333
0 0
0 0
0 0

0 118
0 68
0 50

Feb Closing Balance

0 0
0 0
 0 0

Debt/EBITDA 0.00
194.18
 fin a n c in g . He re yo u m a y fo re c a st a m o u n ts
in th e fo rm o f p rio rity, su b o rd in a te lo a n o r
, b a n ks, o w n e rs, e tc .

fo re c a ste d in ta b le Lo a ns. Ple a se e n te r th e

in c o lu m n B. Ple a se e n te r th e o u tsta n d in g
n D. Th e n e n te r th e g ra p h fo r re c e ivin g a n d
C o lu m n Q w ill sh o w yo u th e o u tsta n d in g

t p a ym e nts. Fo r lo a n s, p le a se e n te r th e ra te
a c h lo a n a n d fo r th e w h o le c o m p a n y a re

e c a ste d in ta b le Co m m issio ns.

re e m e n ts, p le a se u se th e Le a se Co ntra c ts
ns ta b le .

R a n d De b t/ EBITDA ra tio s. Th e se ra tio s sh o w

p ita l is, c o m p a re d to yo u r e a rn in g p o w e r.
o t b e h ig h e r th a n 3.5, a n d DSC R sh o u ld n o t

p ro c e e d to Ta xe s.
 Company name Tax Payment Forecast 2020

Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Total
1 2 3 4 5 6 7 8 9 10 11 12
Net payment into the budget 63 1,231 881 (65) 1,384 499 1,372 1,126 1,083 963 1,368 968 10,874
Received Sales tax 6,103 8,112 6,896 6,787 8,358 6,929 7,929 7,646 7,195 8,102 8,915 7,435 90,406
Paid Sales tax - purchases 400 350 400 400 400 350 350 350 350 400 350 350 4,450
Paid Sales tax - costs 5,539 6,331 5,615 5,452 6,574 5,580 6,207 6,095 5,762 6,738 7,197 6,117 73,207
Paid Sales tax - investment 100 200 0 1,000 0 500 0 75 0 0 0 0 1,875

Sales tax overpayment 0 0 0 (65) 0 0 0 0 0 0 0 0

Sales tax payable 63 1,231 881 0 1,384 499 1,372 1,126 1,083 963 1,368 968

Federal CIT Tax Range 0 36,342 19,642 21,340 36,430 21,826 34,353 26,123 24,650 14,910 34,209 20,817 290,643
50,000.00 0 938 507 551 940 563 886 674 636 385 883 537 7,500
75,000.00 0 782 422 459 783 469 739 562 530 321 736 448 6,250
100,000.00 0 1,063 574 624 1,065 638 1,005 764 721 436 1,000 609 8,500
335,000.00 0 11,460 6,194 6,729 11,488 6,882 10,833 8,238 7,773 4,702 10,787 6,564 91,650
10,000,000.00 0 22,100 11,945 12,977 22,153 13,272 20,890 15,886 14,990 9,067 20,803 12,659 176,743
15,000,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0
18,333,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0
18,333,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before Tax (12,989) 108,514 58,649 63,719 108,774 65,169 102,574 78,000 73,601 44,520 102,144 62,157 854,833
Instruc tio ns – Ta xe s
Th is w o rksh e e t su m m a rize s yo u r c o m p a n y’s m o n th ly ta x p a ym e n ts. All o f th e fig ure s h e re
a re c a lc u la te d a u to m a tic a lly. Yo u r g o a l h e re is ju st to c h e c k th e va lid ity o f th e n u m b e rs.
If so m e c h a n g e s a re n e e d e d , p le a se c h a n g e th e c o rre sp o n d in g n u m b e rs in th e
p re c e d in g w o rksh e e ts.

Afte r yo u h a ve fin ishe d p le a se p ro c e e d to BS.

 Company name Ratio Analysis 2020

Ratio 2020 2019 Norm Industry AVG* Comment

Liquidity
Current ratio 1.28 2.50 1.60 1.17 Decreased
Quick ratio 1.26 2.33 0.70 0.67 Decreased
Cash ratio 1.18 2.08 0.50 n/a Decreased

Activity analysis
Total asset turnover, times 15.78 5.56 1.90 Increased
Fixed asset turnover, times 30.87 9.52 Higher - better n/a Increased
Inventory turnover, times 919.85 100.00 Higher - better 13.86 Increased
Average No. days inventory in
stock 0 4 Lower - better 26 Decreased
Receivables turnover, times 427.84 133.33 Higher - better n/a Increased
Average No. days receivables
outstanding 1 3 Lower - better n/a Decreased
Payables turnover, times 40.47 200.00 Lower - better n/a Decreased
Average No. days payables
outstanding 9 2 Higher - better n/a Increased
Length of cash cycle, days
-8 5 Lower - better n/a Decreased

Profitability
Gross margin 30.43% 50.00% 83.27% Decreased
Profit margin 6.24% 15.00% 3.00% 9.20% Decreased
Return on assets (ROA) 98.46% 83.33% 2.00% 4.82% Increased
Basic earning power (BEP) 149.81% 138.89% 6.00% n/a Increased
Return on equity (ROE) 200.00% 250.00% Higher - better n/a Decreased

Debt management
Debt ratio 0.41 0.61 0.70 0.57 Decreased
Times-interest-earned (TIE) 240.62 5.000 3.00 n/a Increased

Market value
Earnings per share (EPS) 56 15 Higher - better n/a Increased
Price/Earnings (P/E) 3.545 13.333 Higher - better n/a Decreased
Market/book (M/B) 20.000 20.000 Higher - better n/a -
Liquidity
Current ratio
Quick ratio
Cash ratio
Activity analysis
Total asset turnover, times
Fixed asset turnover, times
Inventory turnover, times
Average No. days inventory in
stock
Receivables turnover, times
Average No. days receivables
outstanding
Payables turnover, times
Average No. days payables
outstanding
Length of cash cycle, days
Profitability
Gross margin
Profit margin
Return on assets (ROA)
Basic earning power (BEP)
Return on equity (ROE)
Debt management
Debt ratio
Times-interest-earned (TIE)
Market value
Earnings per share (EPS)
Price/Earnings (P/E)
Market/book (M/B)
Formula for calculation Description
Current assets / Current liabilities
Indicates the extent to which current liabilities are covered by those assets
(Current assets - Inventories) / Current liabilities
expected to be converted to cash in the near future
(Cash + Marketable securities) / Current liabilities
Formula for calculation Description
Sales / Average total assets Measures the turnover of all the firm's assets
Sales / Average fixed assets Measures how effectively the firm uses its plant and equipment
COGS / Average inventory Measures the efficiency of the firm's inventory management
365 / Inventory turnover Average number of days inventoryis held until it is sold
Sales / Average receivables Measures the effectiveness of the firm's credit policies
365 / Receivables turnover Average number of days until the resultant receivables are converted to cash
COGS / Average accounts payable Measures how many times suppliers must be paid in a year
365 / Payables turnover Average number of days until suppliers must be paid
Average number of days a company's cash is tied up by its current operating
Inventory turnover (days) + Receivables turnover (days) - Payables turnover (days)
cycle
Formula for calculation Description
Gross profit / Sales Measures gross profit per dollar of sales
Net income / Sales Measures income per dollar of sales
Net income / Average total assets Measures the rate of return on total assets after interest and taxes
EBIT / Average total assets Indicates the ability of the firm's assets to generate operating income
Net income / Average equity Measures the rate of return on equity
Formula for calculation Description
Total debt / Total assets Measures the percentage of funds provided by creditors
EBIT / Interest charges Measures the ability of the firm to meet its annual interest payments
Formula for calculation Description
Net income / Shares outstanding Shows the amount of earnings per each outstanding share
Price per share / Earnings per share Shows the dollar amount investors will pay for $1 of current earnings
Market price per share / Book value per share Indicates how investors regard the company
 Company name Data for Ratios

Balance data 2018

Accounts receivable 0
Inventory 0
Fixed assets 0
Accounts payable 0
Equity 0
Total assets 0

Profit & Loss data 2019

Sales 1,000,000
COGS 500,000
Interest charges 50,000
EBIT 250,000
Net income 150,000

Shares data 2019 2020

Shares outstanding 10,000 10,000
Price per share 200 200
 Data Validation Lists
Chart 1
Net sales
Sales Hotel
Sales Restaurant
Sales Conference Hall
Direct Cost
Direct hotel costs
Direct restaurant costs
Direct conference hall costs
Gross income
SGA Costs
Staff salaries
Administration salaries
Rent & Utilities
Marketing costs
Selling costs
Administrations costs
Other costs
SGA costs 8
SGA costs 9
SGA costs 10
SGA costs 11
SGA costs 12
SGA costs 13
SGA costs 14
SGA costs 15
Amortization of intangible assets
Depreciation of fixed assets
Development costs
Other operating revenues
Other operating expenses
Interest income
Interest expenses
Income before extraordinary items
Non recurring income
Non recurring expenses
Profit before taxes
Federal Income Tax
State Income Tax
Other taxes
Net income
EBITDA
EBIT
 Data Validation Lists
Chart 2
Cash and cash equivalents at the beginning of the period
Cash provided by operations
Cash used for investment activities
Cash provided by (used for) financing activities
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the end of the period
 Data for
Mar Apr
Administration salaries 20,485 20,485
% of Sales 3% 3%
Cash provided by (used for) financing activities (15,789) 29,003
Cumulative (15,789) 13,213

Cash flow analysis Mar Apr

Cash and cash equivalents at the beginning of the period 125,000 378,029
Cash provided by operations 278,818 112,351
Cash used for investment activities (10,000) (20,000)
Cash provided by (used for) financing activities (15,789) 29,003
Increase (decrease) in cash and cash equivalents 253,029 121,354
Cash and cash equivalents at the end of the period 378,029 499,383
 Data for Charts
May Jun Jul Aug Sep Oct Nov Dec
20,485 20,485 20,527 20,527 20,527 20,527 20,570 20,570
3% 3% 2% 3% 3% 3% 3% 3%
(70,789) (70,581) (70,373) (115,038) (30,000) (20,000) (20,000) (20,000)
(57,576) (128,157) (198,529) (313,568) (343,568) (363,568) (383,568) (403,568)

May Jun Jul Aug Sep Oct Nov Dec

499,383 436,013 299,106 355,845 188,805 257,818 288,872 310,184

7,419 33,674 127,111 (2,001) 99,013 51,054 41,312 73,015
0 (100,000) 0 (50,000) 0 0 0 0
(70,789) (70,581) (70,373) (115,038) (30,000) (20,000) (20,000) (20,000)
(63,370) (136,907) 56,739 (167,039) 69,013 31,054 21,312 53,015
436,013 299,106 355,845 188,805 257,818 288,872 310,184 363,200
 Dates
Jan Feb Month Month # Date Month_Short
20,570 20,570 January 1 1/31/2021 Jan
2% 3% February 2 2/28/2021 Feb
(20,000) (20,000) March 3 3/31/2020 Mar
(423,568) (443,568) April 4 4/30/2020 Apr
May 5 5/31/2020 May
June 6 6/30/2020 Jun
Jan Feb Total July 7 7/31/2020 Jul
August 8 8/31/2020 Aug
363,200 429,947 125,000 September 9 9/30/2020 Sep
86,747 (30,556) 877,958 October 10 10/31/2020 Oct
0 0 (180,000) November 11 11/30/2020 Nov
(20,000) (20,000) (443,568) December 12 12/31/2020 Dec
66,747 (50,556) 254,391
429,947 379,391 379,391 Starting date
3/31/2020