The Professional Services Budget Template is a flexible financial planning tool for a company or an individual entrepreneur who provides services. The template is suitable for any type of service company: consulting, care, financial, health, cleaning, etc. Moreover, the model can be easily used by a company providing multiple types of services.
The functionality of the template makes it possible to keep a record of multiple projects/customers a company has. You will be able to project revenue by project/customer and expenses associated with them, including a detailed breakdown of salary, marketing, administrative expenses, taxes, etc.
The structure of the template consists of assumptions and projections for the Profit and Loss statement (P&L), Balance sheet (BS) and Cash Flow statement (CF). It also provides detailed projections for different cost groups, e.g. payroll, rent, marketing expenses, and others. Detailed instructions for filling in the input data are given on each worksheet.
In case you are interested in exploring the model before the purchase, feel free to navigate through the screenshots on this page.
The functionality of the Professional Services Budget Template:
-> separate Profit and Loss budget, Balance Sheet, and Cashflow budget;
-> salary accounting by person or by project;
-> plan a wide range of your company's expenses;
-> forecast payroll (both for administration and sales force);
-> forecast possible payments to suppliers;
-> quickly change the most important assumptions. The changes will be automatically reflected in all positions of the budget. Thus it will be possible to quickly analyze different scenarios and adjust your plans depending on the situation.
Let us do the work for you!
Feel free to contact our team in case you need support with budgeting your company. Our team provides financial modeling services to companies around the world. Actually, this is our core business. We have a lot of experience with creating budgets for service companies and know the specifics of the business.