Am I legally required to have a financial plan as a sole proprietor?
Not always. There is no general law requiring all sole proprietorships to prepare a financial plan, but in certain situations, such as loans or subsidies, it may be requested.
Have a financial plan prepared by an expert
Especially for sole proprietorships
Expert tax and financial advice tailored to your business
Plan prepared by an experienced PIA accountant
Make sure you meet all legal requirements when starting out
Start your business smoothly and with confidence.
Get started without worries
Your sole proprietorship deserves a financial plan that prepares you for growth.With PIA Go!, your financial plan is prepared professionally, developed efficiently and fully compliant with the bank’s requirements. This gives you a clear overview of your income, expenses and resources, while also making sure you are fully prepared to apply for credit, convince investors and future-proof your business.
Financial plan
Go for a tailored financial plan.Financial plan guidance
€360*
excl. VAT
If you need a bank loan, the bank will always ask for the financial plan of your sole proprietorship. At PIA Go!, we guide you in preparing a clear overview of your costs, income and financial resources using a standard model. With that financial plan in hand, you’re ready to go to the bank.
*Price valid for a standard financial plan. Depending on the size of your sole proprietorship or your planned investments, extra hours may be required. You will always be informed of this in advance and receive a quote.
“A bank doesn’t lend money to dreams, but to numbers. A strong financial plan translates your idea into figures that inspire confidence. That’s why it’s worth investing time in a solid financial plan — and saving yourself stress, surprises and sleepless nights.”
Marlena
PIA accountant
Broad offering
PIA Go! – accounting service tailored to your sole proprietorship
Choose how your accountant helps you.
The PIA accountant and the team handle your accounting for you, or would you rather have them simply review it? The choice is yours.
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Professional quotes and invoices in just a few clicks.
Create professional digital quotes and invoices quickly and easily. You can now send your e-invoices via PEPPOL.
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Stress-free VAT and tax returns.
Never miss another deadline or pay too much. Your PIA accountant ensures an optimal VAT and tax return.
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Want to start a sole proprietorship? Choose an easy start with PIA Go!
With PIA Go!, we support startups and sole proprietorships by offering an accounting service designed specifically for their needs. Our approach combines a user-friendly digital platform with personalized guidance from experienced accountants who closely monitor your business.
Discover in our Starter Guide how to launch your business easily with PIA Go!.
An answer to all of your questions.
How far ahead should I plan?
At least 1 year, on a monthly basis. You should also include a medium-term outlook of 2 to 3 years and, ideally, a long-term vision of 5 years if you are aiming for growth.
How detailed should my cost estimate be?
Detailed enough to know where your money is going. For example, distinguish between fixed costs, such as rent and insurance, and variable costs, such as materials and marketing. It is better to slightly overestimate your costs or include a buffer for unexpected expenses.
How do you estimate what your income will be?
Look at market research, previous years if available, comparable businesses and your own expectations based on your offer and pricing. Be realistic: it’s better to be slightly cautious than too optimistic.
How do I deal with seasonal fluctuations or temporary drops in income?
Create a monthly cash flow overview, plan buffer reserves, check whether you can adjust payment terms and spread your income sources.
How do I determine my financing needs?
Make an inventory of everything you need to start or grow, such as equipment, marketing and stock, plus your normal operating costs. Then deduct your current resources and own contribution. The difference is the financing you need to look for.
What if my financial plan turns out differently than expected?
Review your plan regularly, at least once a year and ideally every 6 months. Adjust it when circumstances change, such as price increases, fewer customers or new opportunities. Create scenarios: a best case, base case and worst case.
Can I get help with my financial plan?
Yes, and at PIA Go! we strongly recommend it. You can call on accountants, financial advisors or services such as PIA Go! to guide you, check your plan and give feedback.
How large should the buffer for unexpected costs be?
That depends on your sector and risks, but it is usually wise to calculate 5–15% extra costs or keep a separate reserve to cover shortfalls.
How do I use my financial plan in practice?
Regularly check whether your results match your forecasts. Use it to support decisions, such as investments, marketing budget or price increases. Let it be a guide, not a chain: you need to stay flexible and respond to whatever comes your way.