Where to Download Excel Financial Templates for Free

Creating a financial model for your business or potential investments is vital if you want to see the profitability and financial feasibility of both. Ensuring that the business won’t go insolvent or the investment being faulty and not worthy, the need for a financial model is high.

There are three choices you can do to acquire a financial model. First, you make it yourself and spend a lot of time creating from scratch with a lot of research and calculation for all the projections. Second would be hiring a professional financial modeler to create a financial model for you, but this will mostly cost you high fees depending on the modeler you hired. And lastly, which is the easiest and will cost you for a fixed small amount, is to download Excel financial templates or financial model templates in Excel.

Are you looking for a platform to download Excel Financial Templates for free to use as a base for your financial plan? If you are, then you can check out eFinancialModels, a platform that offers industry-specific financial model templates made by experienced financial modeling experts. Aside from templates, they also offer financial modeling services to help you create a fully customized financial model according to your needs.

The following is the usual aspects which they go through in financial modeling:

•    Purpose of the Model – the model should be built accordingly to its intended purpose

•    Model Formatting – to format the model into a more readable report especially for beginners

•    Model Structure – to decide which model structure: Direct cash flow model or a Three statement model, is suitable for the business in a specific industry

•    Model Checks – to ensure that the model is consistent and balanced, the feature in excel, the automatic checker is added

•    Things to Avoid – specific points that need to be avoided to help users mostly, e.g., circular references, macros, links to external files, linking back and forth all through the spreadsheets

•    Operating Model, Fixed Asset and Debt Schedule – mostly used for three statement model structure, a crucial part of the whole financial modeling process

•    Financial Statements and Financial Ratios – a vital component of a financial model

•    Discounted Cash Flow Valuation – creating a DCF valuation

•    Discount rate, Key Financial Metrics, Scenario Analysis – essential factors needed to complete the financial model

•    Executive Summary – an overall view of the financial model in excel which summarizes the key figures of the whole model

•    Sensitivity Analysis – this is more of a checker as you build sensitivity tables to check each parameter used in the model, flows correctly through the entire model

With all these things considered, you will not have to do everything from scratch anymore. You will only need to input your assumptions, which you can easily modify to suit your business model and specifications better. As you already know, financial modeling is a process that can be cumbersome, but it is a very beneficial tool to ensure feasibility and profitability.

In conclusion, building a financial model might sound too troublesome and scary, but you don’t have to worry. With the Excel Financial templates as your guide on where to start, the whole process will become more comfortable for you.