Some expense items do however require special mention for the purpose of this template. If you are calculating a business valuation for a start-up business, some costs may be incurred in the first year but not in subsequent years. These start-up costs should be included in the list of expense items on the Assumptions sheet but the formulas which are used in order to calculate the expenses for subsequent years on the CashFlow sheet should be deleted and replaced by nil values.

CopyFinancial > Some expense items do however require special mention for the purpose of this template. If you are calculating a business valuation for a start-up business, some costs may be incurred in the first year but not in subsequent years. These start-up costs should be included in the list of expense items on the Assumptions sheet but the formulas which are used in order to calculate the expenses for subsequent years on the CashFlow sheet should be deleted and replaced by nil values.