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How to Prepare Pro Forma Financial Statements for a Business Plan

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Summary: To prepare a Pro Forma financial statement for a business plan, several components are required such as the date, the item billed, the quantity of the item, the item's price and the item's taxes. Include the client's contact so that both parties can reference the invoice with the help of this free video from the owner of a small business.

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By FJ Cava
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FJ Cava has an Master's of Business Administration from San Francisco State, and he has worked with the Small Business Administration. Then, he began his own business called Bayview...read more

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Video Transcript

"Hello my name is FJ Cava and I have an MBA from San Francisco State University in entrepreneurship. I'm also owner of the Bayview Webspot here in San Francisco. Today we are going to talk to you about how to prepare a Pro Forma for your business plan. You need a couple of different components. You definitely need the date, the item, that you are going to bill for, the quantity of the item that you are billing for. Make sure that you have the amount, or the sale amount per item that you are charging. There needs to be a subtotal and taxes, and the total of what you are going, the client is going to pay. Make sure you include your contact information and often times there needs to be an invoice number for easy reference. So in case your client contacts you you can both reference the same invoice, via the invoice number. Thanks have a good day."

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