One of the main reasons business owners and entrepreneurs use business plan software is to simplify constructing their financial models. Even with an explosion in business plan software packages available today, “doing the financial projections” is still often cited as the most difficult section of completing a business plan. Yet, software can still simplify financial forecasting.
Fit: Which software?
Ultimate Business Advisor has been touted as a dynamic, interactive planning tool that takes the drudgery out of complex, time-consuming financial forecasting and business planning. It combines easy-to-use software functions using a step-by-step approach to create a business plan.
It is designed for those individuals or even businesses in need of getting a business plan done fast. The Ultimate Business Advisor prides itself on being the particular fastest and easiest way to write a fantastic business plan.
Atlas Business Options, Inc. (ABS), developer of the business planning technology in QuickBooks® Leading 2005 and the maker of Supreme Business Planner, is a well-respected plus established business software development company. Their products are top rated and are priced moderately.
So , let’s check it out…
Step by step approach with five manageable areas
The Ultimate Business Planner breaks the company planning process into five manageable sections: Company, Income, Expenses, Interview and Plan.
The first four sections gather information to prepare and complete your financial forecast. Interactive dialogs with plain-English instructions, questions and fill-in the blanks capture information plus build your company profile. Income plus expense worksheets enable you to define earnings and expense categories and task monthly amounts with easy to use predicting functions.
There are three methods you can use to enter your monthly income or expense data: manually or cell-by-cell, automatically – using a combination of the worksheet functions to project amounts for you based on your presumptions, or importing/copy paste – consider data from your files if you are using QuickBooks Pro/Premier/Enterprise 2003 (or later) or perhaps copying and pasting data through an MS Excel worksheet.
The particular fifth section provides several tools to write a business plan including: a company plan outline to guide you step-by-step on paper your business plan, topic guides and example tabs that explain what you need to include in each topic with examples of each, and a powerful, easy to use textual content editor for entering and modifying your text.
Includes help features, advice and how-to hints in order to
overcome most business plan hurdles
The package includes many assist functions for advice and how-to hints to overcome the many hurdles to writing a successful business program. For example , refer to the twenty-five industry-specific sample business plans for recommended wording, or to copy-and-paste select key phrases or sections directly into your business intend to breakthrough writers block quickly. Or even, there are many financial wizards available to calculate loan amounts, interest rates, monthly payments, devaluation, amortization and more.
Complete the areas and
Ultimate Business Planner does the rest
With Ultimate Business Program, you are free to complete each section in the order you choose. Then, when the sections are complete the Ultimate Company Planner does the rest. It examines the financial viability of your businesses or strategies quickly and easily; creates comprehensive financial statement projections (for up to 36 months) to show to your bankers or other potential investors; and, produces a professional report in actually respect including graphs to highlight the potential of your business plan.
Change situations for
intelligent, informed decisions
Modifying scenarios is easy with the Ultimate Business Planner. For example , to quickly see how hiring more employees or adding a new product affects your bottom line simply go to period and change the total amount. The software will automatically update all the related financial statements, charts and tables. In short, the Ultimate Business Advisor allows you to see how your bottom line is usually affected by unlimited business situations.
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Three things I want the Ultimate Business Planner would do. First, allow users the option in order to enter historical financial data (an important option if you are an established business). Second, either extend or enable users the option to extend the prediction period to five years (a common time horizon for opportunity capitalist and equity sponsors). Third, allow users to vary gross perimeter assumptions on a monthly, quarterly, or annual basis (in version several. 0 material, labor and overhead assumptions remain fixed throughout the entire three-year forecast period).
But don’t allow these things hold you back from trying the Ultimate Business Planner. You can easily work around them and the time and ease of use in other areas greater than offsets these shortcomings.
For example , to include historical financial data, you can foreign trade your projections to Excel after which add the needed history straight into MS Excel®. If you want a five-year discharge, simply create a new file that begins with the ending balances predicted in your original three-year plan is to do the addition two-year projection within the new file. Then, you can merge the original three-year plan with the prolonged plan using MS Excel®. If you want to vary the gross margin assumptions over the forecast period, you can produce separate product categories for the same product and vary the material, labor and overhead as a percentage of sales for each product category plus related period.