A set of financial projections usually consists of three key statements; these being the profit and loss account, cash flow and balance sheet.
Each of these is usually broken down into monthly segments to plot trends and spot areas of potential weakness in a plan.
Periods covered can vary dependent upon each request but as a rule of thumb, 36 months is probably adequate for most circumstances.
What package should be used to create my financial projections?
Whilst there are a number of software packages available in the market, given that every business is different, the best tool for this is often the humble spreadsheet.
By creating a bespoke business model, every aspect relevant to your company can be tailored specifically to your requirements.
Still not sure what a set of financial projections should look like? Download our free template below!