Value Proposition: Excel Financial Statement Templates do not mean “just a ready-made sheet”; the practical value is that you enter the Trial Balance once, create a clear mapping of the statement items, and then you get: P&L + Balance Sheet + Cash Flow + Tie-out to Adjusted TB. This is a “simplified Excel program for ready financial statements” designed as an operational workflow: before the sheet (TB preparation) → during use (Import + Mapping + Checks) → after application (Statements + Audit Reports + Delivery File).

In 20 Seconds: What Will You Get?

• Ready-made Excel Financial Statements: Organized Output Sheets (P&L / BS / CF) ready for printing.
• TB Import: Standard TB input template (Account/Name/Dr/Cr/Period) instead of random pasting.
• FS Mapping: Linking accounts to statement items (Mapping P&L and Balance Sheet) with an Unmapped list.
• Tie-out: Verification that total statement items = total TB (with discrepancy tracking).
• Simplified Cash Flow (Indirect): Based on net income + changes in working capital according to policy.
• Version & Pack Index: Month version + simplified delivery index (Prepared/Reviewed).
• Export Ready: PDF/Image output of the statements for delivery or sending.

CTA related to outputs: Receive FS Outputs + FS Mapping + Tie-out + Cash Flow + Pack Index as a single file.

Suitable For

• Accountant/GL: Wants to produce statements quickly after Adjusted TB approval.
• Chief Accountant / Controller: Wants an auditable Tie-out instead of manual number transfers.
• Contracting Companies (Customizable Version): Can adapt P&L/BS items to fit WIP/Retention if these accounts are within TB.

Not Suitable For

• Those looking for “download ready-made Excel financial statements” without any TB or Mapping — statements cannot be built without your company data and account linkage.
• Those wanting complete IFRS statements with detailed disclosures and lengthy footnotes — this requires a Word Notes Pack or a separate disclosure package.

Without the Sheet / With the Sheet (Short Comparison)

Before Use: 5 Symptoms That Excel Statements Will Be Untraceable

• Statements built from copying and pasting TB numbers, and any adjustment in TB means manual re-entry.
• No FS Mapping; the same account appears in multiple items or does not appear at all.
• No Tie-out between total statements and total TB, resulting in discrepancies without explanation.
• Cash Flow written as “approximate” numbers because there is no clear input structure.
• Multiple copies of the file without Version/Pack Index, causing the approved month version to be lost.

How Do Excel Financial Statement Templates Work Practically?

Step 1: Preparation and Report Gathering

• Approval of TB/Adjusted TB for the period (after entries and basic adjustments).
• Prepare the account list (Account/Name) and define the required classification (P&L / BS).
• Determine if you have a specific nature such as Financial Statement Templates for Contracting Companies (WIP/Retention) to add their items within Mapping.

Step 2: FS Mapping + Checks

• Enter TB in the Import Template once.
• Create Mapping for accounts to statement items (Mapping P&L and Balance Sheet) while leaving any new account in the Unmapped list until a decision is made to display it.
• Run Checks: Total P&L, Balance BS, Tie-out TB, and monitor any duplicate/unclassified accounts.

Step 3: Outputs + PDF + Pack Index

• Extract Excel Financial Statements ready for printing: P&L / BS / CF.
• Update Cash Flow inputs (changes in working capital) and issue a final deliverable version.
• Finalize the month version: Version + Pack Index + Sign-off (Prepared/Reviewed) then save PDF for delivery.

Program Components (Clear Inventory)

1. TB Import Sheet (Trial Balance Input Template)
   • Practical Purpose: Enter TB with the same columns to avoid formula discrepancies.
   • When to Use: Every closing period (Month/Quarter/Year).
   • Resulting Guide: Snapshot of the TB within the file (Versioned).
2. FS Mapping (Linking TB to Statement Items)
   • Practical Purpose: Link each account to a specific item within the statements to prevent confusion/duplication.
   • When to Use: First time then update when new accounts appear.
   • Resulting Guide: Mapping log + Unmapped list as a working document.
3. P&L Output (Income Statement)
   • Practical Purpose: Produce an income statement from TB after Mapping with a comparison to the prior period (if available).
   • When to Use: Month-End/Quarter-End/Year-End.
   • Resulting Guide: P&L ready for printing with internal linkage for Tie-out.
4. Balance Sheet Output
   • Practical Purpose: Produce the balance sheet with balance verification and link it to total TB.
   • When to Use: Every closing after Adjusted TB approval.
   • Resulting Guide: BS + Balance check + List of discrepancies if any.
5. Simplified Cash Flow (Indirect) Output
   • Practical Purpose: Issue Cash Flow indirectly with clear inputs for changes.
   • When to Use: Often at Quarter/Year-End.
   • Resulting Guide: CF + Explanation of inputs (Working capital changes) + Basic Tie-out.
6. Tie-out & Checks Dashboard
   • Practical Purpose: Prove that the statements = TB after Mapping, and monitor Unmapped/duplicate/sign issues.
   • When to Use: Before approving the delivery version in each period.
   • Resulting Guide: Tie-out report + Exception list + Status of resolution.
7. Pack Index & Version Page
   • Practical Purpose: Finalize the month version (Prepared/Reviewed) instead of multiple unknown copies.
   • When to Use: When saving the delivery version.
   • Resulting Guide: Pack Index + Version + Sign-off.
8. Export Checklist
   • Practical Purpose: Inventory what will be output (Excel/PDF) and what has been delivered to management/auditor.
   • When to Use: When sending or archiving.
   • Resulting Guide: Completed Checklist within Closing Pack.

What Should Be Included in the Delivery?

• 01-FS Workbook.xlsx: File Excel Financial Statement Template (TB Import + Mapping + Outputs).
• 02-TB Snapshot: Copy of the TB used for the period (within Import sheet) + Date/Owner.
• 03-Mapping & Unmapped: Final Mapping + List of unmapped accounts and their procedures.
• 04-Outputs: P&L + BS + CF (if used) ready for printing.
• 05-Tie-out Report: Tie-out report + Exception list + Guide to resolving discrepancies.
• 06-Pack Index: Version + Prepared/Reviewed + Closing period.
• 07-Final PDF (Optional): PDF export of the statements for delivery/sending.
• 08-Archiving Map: Path for saving the version (Year/Period/Version).

After Application (Two Points Only)

• Operational Result for the Team: Instead of transferring numbers every month, you enter TB and update Mapping only when a new account appears, and the statements are generated immediately.
• Control/Audit Result: Tie-out + Exception list + Version/Sign-off makes the statements traceable from the statement item to TB.

FAQ — Questions Before Purchase

Is this a “download ready-made Excel financial statements” without data entry?

No. This is a Excel Financial Statement Template that generates statements from your TB after Mapping, not statements with ready numbers.

Is it suitable for any company or does it need customization?

It suits most companies after adjusting the FS Mapping. If you have a specific activity (like contracting), you can add items like WIP/Retention in Mapping and they will appear in the statements.

Does it include a ready Excel accounting table (Chart of Accounts)?

The product is not a complete Chart of Accounts, but it contains Mapping that deals with your TB accounts and classifies them for the statements. If you need a ready COA, that is a separate product.

Is the Cash Flow fully accurate?

It is a simplified indirect Cash Flow based on net income and changes in working capital. For a complete detailed approach, additional setup may be required depending on your system.

Is it suitable for Month-End or Year-End only?

It is suitable for Month-End for quick internal statements, and for Year-End as a draft statement with Tie-out before transferring to Word/Notes for official delivery.

What is the minimum data required to get started?

TB/Adjusted TB for the period with account code/name/Dr/Cr. For comparison: prior year TB if available.

Can it be used with a “ready financial plan template excel”?

Yes, as different inputs/outputs: this product outputs actuals from TB, while the financial plan is Budget/Forecast. They can be linked later in a Budget vs Actual report.

Is there support for a special version for contracting?

Items within Mapping can be adapted to show contracting accounts (WIP/Retention/Accruals). If you need WIP/PoC and project closures, this usually requires a separate contracting package.

Ready to Generate Excel Statements from TB with Tie-out Instead of Manual Transfers?

Outputs: TB Import + FS Mapping + P&L/BS/CF Outputs + Tie-out + Pack Index.