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Business Financial Planner allows you to generate a set of fully integrated financial reports including Balance Sheet, Cash Flow Statement and P&L Statement, at the click of a mouse. Challenges Creating Integrated Financial Reports If your are not a finance professional (and often even if you are), it can be a daunting task to prepare these key financial reports from scratch. Templates can assist to some degree, however they do not allow you to ensure that the Balance Sheet, Cash Flow Statement and P&L Statement are fully integrated so that changes in key data is reflected in them all. Also, it is is generally difficult to maintain these reports in the event that changes to your business plan (sales and expenses) are made. Financial Reports based on the Financial Plan With Business Financial Planner both these issues are overcome. Firstly, the financial reports and statements are generated based on the plan data that you enter into the system. Therefore any changes that you make to your business plan information are immediately reflected on the financial statements. For example, if there is a change to your payment terms for a supplier or client, this change will show up the next time you generate the Cash Flow Statement. Secondly, Business Financial Planner ensures that the Cash Flow Statement, Balance Sheet and P&L Statement are all integrated so that you are not left in a position where one of these documents tells a different story to the others. Analyze your Balance Sheet, P&L Statement and Cash Flow Statement Analyzing your financial statements is also a necessary part of ensuring that you are in control of your business. Business Financial Planner provides a wide set of in-depth tools that allow you to analyze all aspects of your business and plan. Take a look at our analysis page for more information. Download the free trial now to start planning your business and generating your financial reports |
