LivePlan takes you step-by-step through the process of creating the powerful financial reports you need for your business plan—even if you don't have prior business experience.
And then use those comparisons to revise projections in the future. Track your cash flow, compare plan versus actual results, and more. Sometimes a bank might have a section like this on a loan application. Use the numbers that you put in your sales forecast, expense projections, and cash flow statement.
You even get detailed industry research, tons of business resources, and more. Pinson says that it's important to understand when compiling this cash-flow projection that you need to choose a realistic ratio for how many of your invoices will be paid in cash, 30 days, 60 days, 90 days and so on.
This is a summary of your business from its start to the present. This is especially helpful for analyzing the industry your business is looking to enter and the competition it will face.
This program also features real-time team collaboration. Works for every business in every industry Whether you're starting a bakery, a subscription software business, or a manufacturing company, we've got you covered.
The financial formulas are built in, so you just plug in your numbers and let the software do the rest.