Click here to buy now or call 0845 351 9924
Plan Outline
Accounting and Bookkeeping Business Plan
The Sorcerer's Accountant
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Sales Forecast | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Unit Sales | |||||||||||||
| Tax Preparations | 8 | 10 | 11 | 16 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |
| Cost Accounting Analysis | 5 | 4 | 2 | 2 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
| QuickBooks Services | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Bookkeeping Hours | 0 | 50 | 70 | 90 | 100 | 120 | 140 | 160 | 180 | 200 | 220 | 240 | |
| Total Unit Sales | 17 | 67 | 88 | 113 | 121 | 141 | 161 | 181 | 201 | 221 | 241 | 261 | |
| Unit Prices | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Tax Preparations | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | £750.00 | |
| Cost Accounting Analysis | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | £1,000.00 | |
| QuickBooks Services | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | £300.00 | |
| Bookkeeping Hours | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | |
| Sales | |||||||||||||
| Tax Preparations | £6,000 | £7,200 | £8,400 | £12,000 | £7,500 | £7,500 | £7,500 | £7,500 | £7,500 | £7,500 | £7,500 | £7,500 | |
| Cost Accounting Analysis | £4,800 | £3,600 | £2,400 | £1,500 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | |
| QuickBooks Services | £1,200 | £1,200 | £1,200 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | |
| Bookkeeping Hours | £0 | £1,500 | £2,100 | £2,700 | £3,000 | £3,600 | £4,200 | £4,800 | £5,400 | £6,000 | £6,600 | £7,200 | |
| Total Sales | £12,000 | £13,500 | £14,100 | £17,700 | £18,000 | £18,600 | £19,200 | £19,800 | £20,400 | £21,000 | £21,600 | £22,200 | |
| Direct Unit Costs | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Tax Preparations | 5.00% | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 | £37.50 |
| Cost Accounting Analysis | 3.00% | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 | £30.00 |
| QuickBooks Services | 0.00% | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Bookkeeping Hours | 50.00% | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 | £15.00 |
| Direct Cost of Sales | |||||||||||||
| Tax Preparations | £300 | £360 | £420 | £600 | £375 | £375 | £375 | £375 | £375 | £375 | £375 | £375 | |
| Cost Accounting Analysis | £144 | £108 | £72 | £45 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | |
| QuickBooks Services | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Bookkeeping Hours | £0 | £750 | £1,050 | £1,350 | £1,500 | £1,800 | £2,100 | £2,400 | £2,700 | £3,000 | £3,300 | £3,600 | |
| Subtotal Direct Cost of Sales | £444 | £1,218 | £1,542 | £1,995 | £2,055 | £2,355 | £2,655 | £2,955 | £3,255 | £3,555 | £3,855 | £4,155 | |
| Personnel Plan | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Bookkeeper training-period wages | £800 | £0 | £0 | £0 | £0 | £0 | £400 | £0 | £0 | £0 | £0 | £0 | |
| Max Greenwood | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | |
| Bookkeeper Manager | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | |
| Benefits | 10% | £700 | £700 | £700 | £700 | £700 | £700 | £700 | £700 | £700 | £700 | £700 | £700 |
| Total People | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | £8,500 | £7,700 | £7,700 | £7,700 | £7,700 | £7,700 | £8,100 | £7,700 | £7,700 | £7,700 | £7,700 | £7,700 | |
| Pro Forma Profit and Loss | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | £12,000 | £13,500 | £14,100 | £17,700 | £18,000 | £18,600 | £19,200 | £19,800 | £20,400 | £21,000 | £21,600 | £22,200 | |
| Direct Cost of Sales | £444 | £1,218 | £1,542 | £1,995 | £2,055 | £2,355 | £2,655 | £2,955 | £3,255 | £3,555 | £3,855 | £4,155 | |
| Other Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £444 | £1,218 | £1,542 | £1,995 | £2,055 | £2,355 | £2,655 | £2,955 | £3,255 | £3,555 | £3,855 | £4,155 | |
| Gross Margin | £11,556 | £12,282 | £12,558 | £15,705 | £15,945 | £16,245 | £16,545 | £16,845 | £17,145 | £17,445 | £17,745 | £18,045 | |
| Gross Margin % | 96.30% | 90.98% | 89.06% | 88.73% | 88.58% | 87.34% | 86.17% | 85.08% | 84.04% | 83.07% | 82.15% | 81.28% | |
| Expenses | |||||||||||||
| Payroll | £8,500 | £7,700 | £7,700 | £7,700 | £7,700 | £7,700 | £8,100 | £7,700 | £7,700 | £7,700 | £7,700 | £7,700 | |
| Marketing/Promotion | £10,000 | £3,000 | £3,000 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | |
| Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Rent | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | |
| Utilities | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | |
| Insurance | £5,000 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Payroll Taxes | 15% | £1,275 | £1,155 | £1,155 | £1,155 | £1,155 | £1,155 | £1,215 | £1,155 | £1,155 | £1,155 | £1,155 | £1,155 |
| Software and Computer Expenses | £2,500 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | |
| Total Operating Expenses | £28,975 | £13,655 | £13,655 | £13,155 | £13,155 | £13,155 | £13,615 | £13,155 | £13,155 | £13,155 | £13,155 | £13,155 | |
| Profit Before Interest and Taxes | (£17,419) | (£1,373) | (£1,097) | £2,550 | £2,790 | £3,090 | £2,930 | £3,690 | £3,990 | £4,290 | £4,590 | £4,890 | |
| EBITDA | (£17,419) | (£1,373) | (£1,097) | £2,550 | £2,790 | £3,090 | £2,930 | £3,690 | £3,990 | £4,290 | £4,590 | £4,890 | |
| Interest Expense | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Taxes Incurred | (£5,226) | (£412) | (£329) | £765 | £837 | £927 | £879 | £1,107 | £1,197 | £1,287 | £1,377 | £1,467 | |
| Net Profit | (£12,193) | (£961) | (£768) | £1,785 | £1,953 | £2,163 | £2,051 | £2,583 | £2,793 | £3,003 | £3,213 | £3,423 | |
| Net Profit/Sales | -101.61% | -7.12% | -5.45% | 10.08% | 10.85% | 11.63% | 10.68% | 13.05% | 13.69% | 14.30% | 14.88% | 15.42% | |
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | £6,000 | £6,750 | £7,050 | £8,850 | £9,000 | £9,300 | £9,600 | £9,900 | £10,200 | £10,500 | £10,800 | £11,100 | |
| Cash from Receivables | £7,492 | £6,025 | £6,760 | £7,110 | £8,855 | £9,010 | £9,310 | £9,610 | £9,910 | £10,210 | £10,510 | £10,810 | |
| Subtotal Cash from Operations | £13,492 | £12,775 | £13,810 | £15,960 | £17,855 | £18,310 | £18,910 | £19,510 | £20,110 | £20,710 | £21,310 | £21,910 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| New Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Other Liabilities (interest-free) | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Investment Received | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Received | £13,492 | £12,775 | £13,810 | £15,960 | £17,855 | £18,310 | £18,910 | £19,510 | £20,110 | £20,710 | £21,310 | £21,910 | |
| Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | £8,500 | £7,700 | £7,700 | £7,700 | £7,700 | £7,700 | £8,100 | £7,700 | £7,700 | £7,700 | £7,700 | £7,700 | |
| Bill Payments | £7,419 | £15,396 | £6,775 | £7,203 | £8,219 | £8,360 | £8,747 | £9,065 | £9,530 | £9,920 | £10,310 | £10,700 | |
| Subtotal Spent on Operations | £15,919 | £23,096 | £14,475 | £14,903 | £15,919 | £16,060 | £16,847 | £16,765 | £17,230 | £17,620 | £18,010 | £18,400 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Principal Repayment of Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Long-term Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Dividends | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Spent | £15,919 | £23,096 | £14,475 | £14,903 | £15,919 | £16,060 | £16,847 | £16,765 | £17,230 | £17,620 | £18,010 | £18,400 | |
| Net Cash Flow | (£2,427) | (£10,321) | (£665) | £1,057 | £1,936 | £2,250 | £2,063 | £2,745 | £2,880 | £3,090 | £3,300 | £3,510 | |
| Cash Balance | £17,573 | £7,252 | £6,588 | £7,645 | £9,580 | £11,830 | £13,893 | £16,638 | £19,518 | £22,608 | £25,908 | £29,418 | |
| Pro Forma Balance Sheet | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | £20,000 | £17,573 | £7,252 | £6,588 | £7,645 | £9,580 | £11,830 | £13,893 | £16,638 | £19,518 | £22,608 | £25,908 | £29,418 |
| Accounts Receivable | £7,292 | £5,800 | £6,525 | £6,815 | £8,555 | £8,700 | £8,990 | £9,280 | £9,570 | £9,860 | £10,150 | £10,440 | £10,730 |
| Other Current Assets | £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 |
| Total Current Assets | £32,292 | £28,373 | £18,777 | £18,403 | £21,200 | £23,280 | £25,820 | £28,173 | £31,208 | £34,378 | £37,758 | £41,348 | £45,148 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Accumulated Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Assets | £32,292 | £28,373 | £18,777 | £18,403 | £21,200 | £23,280 | £25,820 | £28,173 | £31,208 | £34,378 | £37,758 | £41,348 | £45,148 |
| Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Current Liabilities | |||||||||||||
| Accounts Payable | £6,896 | £15,170 | £6,536 | £6,929 | £7,941 | £8,069 | £8,446 | £8,747 | £9,200 | £9,577 | £9,954 | £10,331 | £10,708 |
| Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other Current Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Subtotal Current Liabilities | £6,896 | £15,170 | £6,536 | £6,929 | £7,941 | £8,069 | £8,446 | £8,747 | £9,200 | £9,577 | £9,954 | £10,331 | £10,708 |
| Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Liabilities | £6,896 | £15,170 | £6,536 | £6,929 | £7,941 | £8,069 | £8,446 | £8,747 | £9,200 | £9,577 | £9,954 | £10,331 | £10,708 |
| Paid-in Capital | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 |
| Retained Earnings | (£83,554) | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 | £15,396 |
| Earnings | £98,950 | (£12,193) | (£13,154) | (£13,922) | (£12,137) | (£10,184) | (£8,021) | (£5,970) | (£3,387) | (£594) | £2,409 | £5,622 | £9,045 |
| Total Capital | £25,396 | £13,203 | £12,241 | £11,474 | £13,259 | £15,212 | £17,375 | £19,426 | £22,009 | £24,802 | £27,805 | £31,018 | £34,441 |
| Total Liabilities and Capital | £32,292 | £28,373 | £18,777 | £18,403 | £21,200 | £23,280 | £25,820 | £28,173 | £31,208 | £34,378 | £37,758 | £41,348 | £45,148 |
| Net Worth | £25,396 | £13,203 | £12,241 | £11,474 | £13,259 | £15,212 | £17,375 | £19,426 | £22,009 | £24,802 | £27,805 | £31,018 | £34,441 |