Will my business make money? Here's the answer!
The first question in any new business is "Will my business make money?" In just minutes, Ultimate Financial Forecaster can help you build a comprehensive set of financial projections, complete with reports and charts. You'll not only know whether your idea will make money, but when it will make money.
1. Answer a Few General Questions About Your Company
This section features a step-by-step interview specially designed to help you easily input the information you need to set up your financial projection. You'll be asked a series of general questions about your business, including:
- Company name
- Contact information
- Business type
- Customer credit policy
- Starting date
Below is a sample question from the Company section. The "question and answer" model is ideal for rapid entry of financial forecast information.
What is your estimated monthly owner distribution?
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2. Entering Your Income Projection
In this section, you'll input your income projection and define your cost of goods. First, you'll need to define your income categories. These are the products or services you plan to offer. Once your income categories have been defined, you can input your projection for each income category. Ultimate Financial Forecaster is packed with features and functions that let you enter your numbers quickly and try unlimited "what if" scenarios.
Below is the projection worksheet from the Income section.
Enter your income projection into the worksheet
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3. Entering Your Monthly Expense Projection
In this section, you'll input your expense projection. Simply enter an estimated dollar amount for each of your expense categories. Similar to the Income section, Ultimate Financial Forecaster is packed with features and functions that let you enter your numbers quickly and try unlimited "what if" scenarios. Below is a list of some common expenses you may have in your business:
Advertising
Automobile
Bank charges
Dues & subscriptions
Entertainment
Franchise fees
Insurance
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Legal & consulting fees
Office supplies
Postage
Rent
Repairs & maintenance
Salaries & wages
Telephone
Utilities
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Below is the projection worksheet from the Expenses section.
Enter your expense projection into the worksheet
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4. Bringing it All Together
In this section, you'll be asked a series of questions about things you'll need for your business. It includes questions about:
- Beginning account balances
- Items you own or need to buy
- Inventory and supplier terms
- Minimum cash balance
- Cash you have available to invest
- Loans to secure funds
Below is a sample question from the Interview section.
Will your business maintain inventory?
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5. Your Financial Projection
Ultimate Financial Forecaster creates all sorts of reports and graphs to evaluate. All reports and graphs are automatically generated for a three-year (36-month) period and you can print either yearly or summary output. Please click on a link to preview a sample report or chart.
Sample Report
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Sample Graph
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