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Capital Requirement Plan Template (Excel) — Free

What you have to spend before the business pays for itself, month by month, ending in the one number a bank, an investor or a grant application is really asking for: the cumulative funding requirement at its deepest point.

The download

Free download

Download: Capital requirement plan

  • One-off investments separated from running costs
  • Opening stock as its own line, repeated as you restock
  • A revenue ramp instead of revenue from month one
  • Cumulative funding requirement, month by month

No email, no sign-up. Formulas already wired up.

The sheet itself

  • One-off investments separated from running costs
  • Opening stock as its own line, repeated as you restock
  • A revenue ramp instead of revenue from month one
  • Cumulative funding requirement, month by month
foreqast-capital-requirement-plan.xlsx
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Calibri11
B20=B19+B18
ABCDEFGHIJKLMN
1Capital requirement plan
2Fill in the blue cells — every other cell is a formula and works itself out. foreqast.app
3JanFebMarAprMayJunJulAugSepOctNovDec
4One-off investments
5Equipment & fit-out€22,000€0€0€0€8,000€0€0€0€0€6,000€0€0
6Deposits & fees€9,000€0€0€0€0€0€0€0€0€0€0€0
7Opening stock€34,000€0€12,000€0€14,000€0€16,000€0€18,000€0€22,000€0
8Total investment€65,000€0€12,000€0€22,000€0€16,000€0€18,000€6,000€22,000€0
9Running costs before break-even
10Payroll incl. founders€6,500€6,500€6,500€6,500€11,000€11,000€11,000€11,000€15,500€15,500€15,500€15,500
11Rent & utilities€2,200€2,200€2,200€2,200€2,200€2,200€2,200€2,200€2,200€2,200€2,200€2,200
12Marketing€3,000€3,000€4,000€4,000€5,000€5,000€6,000€6,000€6,000€7,000€8,000€8,000
13Software, insurance, other€1,400€1,400€1,400€1,400€1,400€1,400€1,400€1,400€1,400€1,400€1,400€1,400
14Total running costs€13,100€13,100€14,100€14,100€19,600€19,600€20,600€20,600€25,100€26,100€27,100€27,100
15Capital requirement
16Revenue received€0€3,000€8,000€14,000€21,000€28,000€36,000€42,000€49,000€55,000€63,000€71,000
17Cost of goods sold€0€1,260€3,360€5,880€8,820€11,760€15,120€17,640€20,580€23,100€26,460€29,820
18Net cash flow€-78,100€-11,360€-21,460€-5,980€-29,420€-3,360€-15,720€3,760€-14,680€-200€-12,560€14,080
19Opening balance€0€-78,100€-89,460€-110,920€-116,900€-146,320€-149,680€-165,400€-161,640€-176,320€-176,520€-189,080
20Funding still needed€-78,100€-89,460€-110,920€-116,900€-146,320€-149,680€-165,400€-161,640€-176,320€-176,520€-189,080€-175,000
Sheet1

The blue cells are yours to fill in. Every other cell is a formula and works itself out.

How to use it

  1. 1

    List the investments at what they cost to pay for

    Gross, including VAT, in the month the invoice is due. The input tax comes back later and belongs in a different row, not netted off here.

  2. 2

    Ramp revenue the way it really starts

    Almost nothing in month 1, a little in month 2. The template starts at zero and reaches €71,000 in month 12; steepen or flatten it, but do not begin at full speed.

  3. 3

    Keep your own living costs in the plan

    Founder pay belongs in the payroll row from month one. A capital requirement that assumes you live on nothing for a year is a requirement you will exceed.

  4. 4

    Take the deepest point, then add a reserve

    The lowest cumulative figure is the minimum funding. Add 20–30% — every plan meets one delay, and the reserve is cheaper than a second round of applications.

A worked example

€65,000 of setup and a slow first quarter

Investments, month 1
€65,000
Running costs, month 1
€13,100
Revenue, month 1
€0
Cumulative requirement, month 3
€-121,768
Deepest point, month 11
€-208,886

The first three months alone need €122,000. But the plan keeps investing in stock as it grows, so the deepest point is not at the start — it is in month 11, at €209,000. Funding the opening quarter and assuming the rest pays for itself is how a business that is growing runs out of money.

The mistakes that break it

  • Only funding the launch

    The requirement peaks when growth is fastest, not when you open. Look at the whole curve, not the first quarter.

  • Netting VAT off the investments

    You pay the gross amount now and get the input tax back weeks later. Netting it off understates the requirement by around 16%.

  • Forgetting the stock the growth needs

    Doubling revenue means doubling the stock you carry, months before the revenue arrives. That is the biggest single line in most retail plans.

Where the template stops

It assumes the revenue ramp holds

Push every revenue month back by eight weeks and the requirement grows by a third. The sheet cannot show you that without a second copy.

Scenario planning template

A month is an average, and cash is not

A month that ends positive can still go below zero on the 14th, when payroll leaves before the biggest invoice arrives. Column totals hide exactly that.

It is only as current as your last evening with it

Every number in here is typed in. The month you skip is the month the sheet quietly stops describing your business — and it never says so.

What comes after the spreadsheet

Calculate runwayThe plan says when the money gets tight. This says how many months you have, from your own accounting data, updated daily.