Financial modeling is one of the effective tools for businesses to do multiple tasks like planning, investment analysis, and decision-making. For creating financial models, Excel offers an extensive range of functions and capabilities.
However, using Excel to create a financial model from scratch can be quite time-consuming and complex. If you are wondering how to overcome this challenge, this article will give you an overview of the top 10 financial modelling templates on Excel in 2023.
Part1: 10 Financial Modelling Excel Templates Free Download
Here is a list of the 10 most effective financial modelling on Excel templates that you can freely edit and download to meet your business needs.
1. Simple Financial Statement
The financial statement template is a simple template which covers three main factors to calculate overall finance. These three main factors are income, expenditure, and parameters.
2. Financial Ratio Analysis Expenditure
The financial ratio analysis template offers four main sections to calculate an overall ratio. The main four sections cover liquidity ratio, debt ratio, asset management ratio, and profitability ratio to give an overview of overall business finances.
Using this template will make it easy for you to cater to four major components in one sheet, along with the formulas.
3. Financial Accounting Report
A financial accounting report is a statement that presents the financial status of any business at a certain time and explains the business transactions and operations. It provides an overview of the overall financial situation in the balance sheet and query list.
This template is useful when you are working on balancing the balance sheet.
4. Financial Cashier Daily Report
The financial cashier daily report focuses on the sales report of multiple cashiers. This template allows you to get information about the receivable details with expenses breakdown.
It provides information on last-day balance and income with a comparison to today’s expenditure and balance.
5. Financial Monthly Budget Statement
Every business needs a financial budget to set the spending limits and estimate the cost of multiple factors.
A financial monthly budget is one of the simple and easy-to-manage Excel templates. Using this template, you can create a budget for your business, including all the cost and expenses.
In this template, you can simply edit the material cost, utilities cost, rent, and salaries.
6. Monthly Financial Report
It is an auto-calculation report template on Excel, which you can use for monthly financial reporting.
The purpose of a monthly financial report is to provide an overview of the previous month’s status in a management way. It elaborates on the details of the profit and loss statement of any business and cash management to evaluate future plans.
7. Financial Report Sales Revenue
The financial report sales revenue is a top-line metric. It contains the points that determine a company’s net income. It covers all the necessary points to determine the sales volume and revenue of any business.
This template contains columns stating the information about the items, supplier's contacts, sales value, and revenue detail by the saler.
8. Fresh Green Financial Sheet
The fresh green template offers an overview of multiple products before and after reporting. This template allows the users to create a graph to compare the profit loss margin over multiple products.
It is easy to edit the template, and colors make it easy to figure out points. The color combination in this template makes it easy to understand the points easily.
It allows you to compare the date of a certain time. This template will give you an overview of before and after business financial model changes.
9. Financial Reception Budget Sheet
A business that takes their employees out for lunch and other outdoor activities needs to calculate the cost and expenses. A financial reception budget sheet allows you to set your budget accordingly. You can add maximum and minimum spending limits to give yourself a target.
This helps in planning and calculating the cost of any outdoor activity. This column helps in elaborating the information related to outdoor activities.
You can define your project and create a budget in the budget column.
10. First Half Year Financial Income Expenditure Summary Report
The first half-year financial income expenditure summary report template allows the user to create a business financial income statement by explaining the data related to the profit, income, and outcome.
This way, you can get the half calculation to make an informed decision about your business.
Part 2: How to Customize a Financial Modeling Excel Template?
Financial Reception Budget Sheet
The financial reception budget sheet is a simple and effective tool any business can use to plan their outside expenses, including business lunches, trips, dinners, and retreats.
You can list the reception project under the column, and in the next columns, you can add the spending limit from minimum to maximum.
Let’s explore how you can edit and download this template from WPS Office.
Step 1:
Open WPS on your desktop and go to the spreadsheets.
Step 2:
Find the Financial Reception Budget Sheet in the spreadsheet templates.
Click on edit.
Step 3:
Now, you can see the template and edit the information accordingly.
Step 4:
Edit the information and add numbers to get the final amount.
Step 5:
Once you add all the information, this template will give you the final amount.
Step 6:
Once you are done editing, you can check the header menu near the name of the template, and you will find an option of print on the extreme right corner. Clicking on this will lead you to the printing options to print the template.
There are more useful financial modelling templates that you can explore in WPS Office, which you can alter according to your data. They have built-in formulas for instant calculations.
If you are in need to manage your business financial models and financial reports, you can explore multiple templates. Choose the template you need, edit it, and download it instantly.
Part 3: Why Choose WPS Office?
WPS Office is a free and useful business management suite that helps in making business operations seamless and efficient. When it comes to creating financial modelling on Excel, you will find multiple templates online. But it can be complex most of the time to alter the template according to your needs.
WPS Office caters to all the needs of any business and offers a wide range of financial modelling on Excel templates that you can use for doing financial modelling on Excel for your business and elaborate your data easily.
These templates will help in presenting data effectively to make informed business decisions.
FAQs
1. How to Do Financial Modelling in Excel?
The process of doing financial modelling in Excel consists of 10 steps. To do financial modelling in Excel, if you are working in a business, you can choose your own business. If not, you can choose a company of your choice.
Download their annual report and populate the historical financial data. The next step is to perform a ratio analysis and forecast of revenue.
In last, balance the balance sheet to end the financial modelling on Excel.
2. What Are the 4 Major Components of Financial Modelling?
When building a financial model for your business or other companies, you will need to ensure that you have information regarding these critical components of financial modelling.
The four major components of finance modelling are:
Income Statement
Balance Sheet
Cash Flow Statement
Debt Schedule
3. Which Excel Formula is Used in Financial Modelling?
The PMT formula is a common function in Excel used by finance professionals working in real estate to do financial modelling.
This formula will produce a total payment, including principal and interest.
Financial Modelling On Excel Using WPS Office
Doing financial modelling on Excel for your business from scratch can be challenging and complex. From creating a spreadsheet to adding details and applying formulas, it’s a full-time job. Instead of doing it manually, effective business management suites like WPS Office provide ease in doing financial modelling on Excel.
There are multiple templates that you can use to calculate the business financial data to make informed future decisions. You can choose a financial modeling template and download it to make changes.
Using WPS Office will allow you to print or save the template or report once you edit the information. Other than financial modelling on Excel, there are many other features that you can explore on WPS Office. You can create documents, sheets, and presentations for your personal and professional needs.
