What document is used to outline the financial aspects of a business plan?

The document that effectively outlines the financial aspects of a business plan is a comprehensive narrative called the "Financial Aspect of a Business Plan." This section includes detailed information about projected revenues, costs, profitability, funding requirements, and financial forecasts over a specific timeframe.

This narrative is essential because it provides investors, stakeholders, or lenders with insights into the financial viability and sustainability of the business. By clearly articulating the expected financial performance, the business can present a logical plan for securing the necessary funds or support to achieve its objectives.

In contrast, while the balance sheet is a critical financial statement that reflects a company's financial position at a specific point in time, it does not provide projections or the broader financial narrative necessary for a business plan. The forecast budget is indeed important for planning purposes but is typically a component of the financial section rather than the overarching summary. Finally, the marketing plan focuses on the strategies for promoting and selling the product or service, which is not directly related to the financial outline of the business plan.