How to fill in SB Hub templates

ANZ’s Small Business Hub is a great resource that addresses your business needs. We have articles, tools, case studies and more to help you and your business innovate and grow. So that you can get the most out of it, we’ve got some tips on how to fill in our templates.

What are the templates?

These are tried-and-tested tools we’ve developed so you can perform functions like a cash flow forecast without having to start from scratch. We understand that you’re busy enough running your business without spending time un-necessarily trying to figure out how to do these tasks. They’re practical solutions that help you to manage your business more simply and efficiently.

This guide will help you to fill in these pre-formatted Excel or Word templates.

Cash flow forecast template

This is an essential tool for any small business. Being able to monitor the cash flow in and out of your business is vital, because it helps you plan ahead for good and bad times. It’s important to conduct cash flow forecasts regularly, and the more you do it, the better you’ll become at it. Some tips to keep in mind are:

  • Make sure your figures are accurate – there’s not much point in conducting the forecast if your numbers aren’t correct. Additionally, if the bank has asked to see a cash flow forecast when considering a loan, they need to know that it’s accurate. If you’ve made any assumptions about your figures, include some detailed notes at the bottom of the template explaining your assumptions.

  • Do your research – when you’re estimating sales, make sure you’ve got some solid market research in place to back up your projections. This is especially important if you’re running a seasonal business.

  • Estimate costs – you do this after you’ve estimated sales, and again, you need to provide explanations as to how you reached these estimations.

Be realistic – check your capacity and consider how feasible your monthly cash flow figure is. For example, if you’re invoicing $50,000 worth of sales in a month, you still need to take into account whether or not you’ll be paid on time.

  • Run it by your accountant – it’s always good to have another set of eyes on your cash flow forecast, especially experienced ones. So get your accountant to check over your forecast. They’re good at picking up on areas you might have overlooked, like tax obligations.

Download the ANZ Small Business Hub cash flow template

Business plan template

This template will help you create your own business plan. This is an essential tool for all businesses. Not only will it help you stay on track and monitor your goals and progress, but you’ll need to present it to any potential lenders or investors.

  • Download it – save this to your computer so you can return to it regularly.

  • Remember it’s a guide – some of the sections might not apply to your business. That’s fine – the template is flexible, so you can add or remove sections as you please. Tailor it to your business.

  • You don’t have to be a Microsoft Word expert – we’ve designed the template to be as stress-free as possible. We’ve got a few tips here to help you understand how to adjust and update the Word document.

  • Share your plan – it’s a good idea to complete the business plan with your advisors or accountant. Or at the very least, run it by them when you’ve finished. Our ANZ Small Business Specialists will also be happy to help you with it.

Download the ANZ Small Business Hub business plan template

Profit and loss template

This is different to a cash flow forecast, but it’s just as important. You need to have some idea of the money your business will make over the next year, as well as what your costs are likely to be.

  • Predicted sales – starting with the next month, enter what you think is a realistic sales figure. You also need to include a figure for returns and discounts.

  • Additional revenue – does your business have other sources of income? Enter them as well, as a positive number (the template will automatically make the calculations for you).

  • Beginning of the month stock level – enter what this is at the start of the month, and then add purchases and any other costs.

  • End of the month stock level – enter what your predicted stock level will be. The template will calculate the total costs and your gross profit for the month.

  • Expenses – this is the second half of the template and deals with your selling, admin and finance expenses. You need to make sure you include any interest and hire purchase expenses, as well as what you estimate your tax will be for the month. Repeat this for each month.

Download the ANZ Small Business Hub profit and loss template

Calculate your set-up costs template

Start-up costs are almost always more than you think they’ll be, but you can calculate them as accurately as possible with this template.

  • Revenue calculator – this is how much you think you can make. And it’s where the profit and loss, and cash flow templates can help.

  • Capital costs – these are expenses such as equipment, stock, training, marketing etc. They’re usually one-off costs or at least ones that don’t occur monthly.

  • Monthly costs – these are expenses that you’ll need to meet monthly, such as staff wages and overheads like electricity, rent and rates.

  • Summary – once you’ve completed each step, you can view the summary of your set-up costs.

Download the ANZ Small Business Hub set-up costs template

Calculate your break-even point template

Break even calculations are a key component of business plans – identifying the volume of sales needed to cover all your costs. Ideally, your business wants to reach this point as soon as possible so it can begin to turn a profit.

  • Fixed costs – these are your overheads, like rent, power, phone, wages etc. They’re costs you need to pay no matter how good or bad your sales are.

  • Variable costs – these increase depending on your level of sales, and typically include cost of goods sold, sales commissions, shipping charges etc.

  • Formulas – the template sets out the formulas you use to calculate your break-even point. This will be automatically generated after you submit all your figures.

Balance sheet forecast template

It’s a good idea to try and predict what your balance sheet will look like by the end of the year. This will help you plan for future growth and will give you a heads-up if problems are likely to occur.

  • Assets – enter the dollar value of assets that could be converted into cash, such as equipment or vehicles. Do the same for your fixed assets – those that can’t be easily converted into cash.

  • Liabilities – current are those that need to be settled in the next 12 months, long term are those that are due after a year.

  • Equity – this is goodwill, owners equity, retained earnings from the previous year.

  • Calculate – the template will automatically calculate all these figures.

Download the ANZ Small Business Hub balance sheet forecast template

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Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (ANZ). ANZ's colour blue is trade mark of ANZ. This site contains general information only. Its content is for information purposes only, is subject to change and is not a substitute for commercial judgement or professional advice. This material does not take into account your personal and financial needs and/or circumstances, and you should seek appropriate advice (which may include property, legal, financial and/or taxation advice) before making any decisions or acting on any of the information contained in this material. To the extent permitted by law, all members of the ANZ group of companies disclaim liability or responsibility to any person for any direct or indirect loss or damage that may result from relying on the information contained or this site, or any act, omission or error, by any person in relation to the material contained on this site. For further information, see the Small Business Hub Terms of Use.