The Settings Sheet
The Settings Sheet allows you to set company-specific parameters like start dates, currency, and tax rates, ensuring all other sheets align with your unique business context.
Change Log
This article logs the different version changes on the Slidebean Financial Model
Current Version - 5.7 | Jul 5th, 2024
This version mainly fixes a compatibility issue with Microsoft Excel, by replacing two formulas in the FS-Month sheet. These formulas added multiple IF statements (example: IF(...)+IF(...)) which caused an unknown error in Excel. The new formulas use SUM instead.
FS Month > Convertible Notes (Row 85)
=SUM(IF(D$6='Cap Table'!$H$49,'Cap Table'!$H$112,0),IF(D$6='Cap Table'!$J$49,'Cap Table'!$J$112,0),IF(D$6='Cap Table'!$L$49,'Cap Table'!$L$112,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$112,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$112,0),IF(D$6='Cap Table'!$J$49,'Cap Table'!$J$119,0),IF(D$6='Cap Table'!$L$49,'Cap Table'!$L$119,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$119,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$119,0),IF(D$6='Cap Table'!$L$49,'Cap Table'!$L$126,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$126,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$126,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$133,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$133,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$140,0))
FS Month > (+) Converted Notes - Conversion to Equity (Row 198)
=SUM(IF(D$6='Cap Table'!$H$49,'Cap Table'!$H$114,0),IF(D$6='Cap Table'!$J$49,'Cap Table'!$J$114,0),IF(D$6='Cap Table'!$L$49,'Cap Table'!$L$114,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$114,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$114,0),IF(D$6='Cap Table'!$J$49,'Cap Table'!$J$121,0),IF(D$6='Cap Table'!$L$49,'Cap Table'!$L$128,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$128,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$128,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$135,0),IF(D$6='Cap Table'!$P$49,'Cap Table'!$P$135,0),IF(D$6='Cap Table'!$N$49,'Cap Table'!$N$142,0))
Other minor fixes
- Version 5.4 made a major standardization update for links and CTAs on the shpreadsheet.
- Version 5.4 renamed WK-CAPEX Sheet to CAPEX, and added Expense Categories to that sheet (with the corresponding changes needed on the Data for Charts sheet).
- Version 5.5 fixed an issue in Data for Charts sheet Row 64: referencing the wrong set of cells for the Total Expenses.
- Version 5.6 fixed a reference issue on FS-Annual: Financing Activities was referencing an incorrect cell.
Current Version - 5.3 | Feb 21st, 2024
This versions fixes a couple of minor issues related to keeping the Balance Sheet in balance.
- Fixed a double accounting issue on Convertible Note financing: FS-Month 198 now subscract converted notes.
- Adjusted loan functionality so all Loans are accounted as short term debts, to avoid potential double accounting problems (FS-Month Rows 131 and 142)
- Adjusted the name on FS-Month 199 to correctly reflect the line as a (+), and not a (-)
5.2 | Feb 16th, 2024
This version fixes export issues to Microsoft Excel as follows.
Cleaned Up formulas incompatible with Microsoft Excel:
- CAPEX Sheet Rows 69 and 70: replaced ELSE case from "" to '0'.
- Taxes Sheet Rows 28-43: If statements require spelling out the TRUE boolean evaluation
- Cap Table Rows 46 and 49: XLOOKUP formula doesn't export correctly from Sheets to Excel
- Fonts on the FS-Month and FS-Annual Sheets
5.1 | Jan 26th, 2024
This version fixes two core issues on the FS-Month and the FS-Annual sheet that cause discrepancies in the Annual summaries and in fundraising.
Issue on FS-Annual row 61 - Net Income
The Tax and Valuation functionality in the model requires separation between EBITDA, EBIT, and EBT (earnings before taxes). Therefore, the fomula for net income should be
EBT-Income Taxes
The model was incorrectly taking into account EBIT. Therefore, the new formula in the model for cell D61 should be:
D56-D59
This formula should then be copied and extended through row J61
Issue on FS-Month - Convertible Note Functionality
Since Convertible Notes and SAFEs are accounted as loans (Liabilities) until they convert to stock, new convertible note/SAFE investments must be accounted both in the Balance Sheet and in the Cash Flow Statement:
- In the Balance Sheet, they are considered Long Term Liabilities.
- In the Cash Flow statement, there's a specific line for 'this: (+) New Debt Issued - Convertible Notes/SAFEs
The 5.0 version of the model had an error that didn't allow for Convertible Note funding estimations to be reflected properly. The fix for this is simple:
The formula for Fs-Month Row D143 should be
=ROUND(SUMIFS($D186:D186,$D188:D188,"Convertible Note")+SUMIFS($D186:D186,$D188:D188,"SAFE")-SUM($D198:D198)+SUM($D85:D85),2)
The formula for FS-Month Row D197 should be:
=IF(AND(C143<D143,D143>0),SUM(D143,IFERROR(-C143,0)),0)
Both formulas should be copied and extended to cover the entire FS-Month Sheet.
5.0 | Jan 21st, 2024
This version consolidated a number of adjustments and new features developed over versions 4.9-4.99.
- Finalized adjustments and links to Knowledge Base
- Link from Capital Infusions to Cap Table
- Fixed a Balance Sheet issue with Convertible Notes
Fix History - Previous Versions
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