Business Cashflow Solutions, Inc.

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Automated Accounting Business Plan

Company Summary

Business Cashflow Solutions, Inc. is a new company that provides "instant cash flow for small- and medium-sized businesses" and reduces expenses associated with invoicing with the following services:

  1. Pre-Authorized Checking: Insures that monthly payments are received on time and therefore reduces invoicing costs.
  2. Electronic Payments: Offers timely funds settlements and a built-in recovery for NSF items, thereby keeping invoicing costs reduced.
  3. Electronic Check Conversion: Converts paper check into an electronic item at point-of-sale, saving time and money while reducing the risks of NSF checks.
  4. Electronic Check Recovery: NSF checks are submitted electronically via the ACH network, allowing fast and convenient collection of funds.
  5. Telephone Checks: Allows merchants to accept checks by telephone or fax.

2.1 Company Ownership

Business Cashflow Solutions is a Virginia corporation, subchapter S, based in Chesterfield County.

2.2 Start-up Summary

Our start-up costs come to $33,634. Start-up assets required include $5,885 in short-term assets (office furniture, office equipment, specialized printer, etc.) and $5,500 in initial cash to handle the first 6 months of expenses. The details are included in the following chart and table.

After planned owner investment of $10,000, you will find that we have $23,364 left to finance. The purpose of this plan is to secure financing for that amount.

Later in this plan, when you view the Balance Sheet, Cash Flow, and the Profit and Loss, you will notice that we have included debt and interest expenses based on an assumed $23,364 loan, financed at 9.5% for a 3-year term.

Start-up
Requirements
Start-up Expenses
License/Business Package $19,990
Stationery etc. $350
Apparel $400
Insurance $207
Computer (Internet, File Transfer) $0
Color Inkjet Printer $0
MICR Toner $325
Copier Toner $89
Software (Microsoft Office, Graphics, Internet Publishing, etc.) $0
Miscellaneous Office Supplies $200
Telephone Connections $128
Setup Answering Service $20
Pager $40
Cellular Phone $150
Web Site Hosting Setup $25
Chamber of Commerce Membership $325
Other $0
Total Start-up Expenses $22,249
Start-up Assets
Cash Required $5,500
Other Current Assets $5,885
Long-term Assets $0
Total Assets $11,385
Total Requirements $33,634
Start-up Funding
Start-up Expenses to Fund $22,249
Start-up Assets to Fund $11,385
Total Funding Required $33,634
Assets
Non-cash Assets from Start-up $5,885
Cash Requirements from Start-up $5,500
Additional Cash Raised $0
Cash Balance on Starting Date $5,500
Total Assets $11,385
Liabilities and Capital
Liabilities
Current Borrowing $23,634
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $23,634
Capital
Planned Investment
XYXY $10,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $10,000
Loss at Start-up (Start-up Expenses) ($22,249)
Total Capital ($12,249)
Total Capital and Liabilities $11,385
Total Funding $33,634

2.3 Company Locations and Facilities

The office will be located in the residence of XYXY. There is a 200 square foot office area which will house the computer systems and laser printers that are utilized in providing our services.