Download WSO's free Net Operating Loss (NOL) Carryforward model template below! This template allows you to model a company with net operating losses, and carry them forward throughout the model. The template is plug-and-play, and you can enter your own numbers or formulas to auto-populate output numbers. The template also includes other tabs for other elements of a financial model.
According to the WSO Dictionary,
"A Net Operating Loss or NOL is a period of time during which the tax-deductible expenses of a company are greater that the total income of the company. This means that the company is essentially operating at a loss and is therefore required to pay less tax."
A screenshot below shows a sneak peak of the template.