Adding more detail to the Profit and Loss statement Follow

By default, LivePlan takes all the forecast details you've entered, and compiles them down to totals for display in the Profit & Loss statement. This is generally the preferred format for lenders and investors, but there may be cases where you'll need to present a plan document that contains more detail.

Note: If you just need to share some of your in-progress forecast data with a colleague, you can also print reports from the Forecast tab.

You can always add an Appendix chapter to your plan before you download it. This added chapter will display the Profit & Loss with a variety of extra detail options.

Note: The Appendix will only display in the downloaded plan. You will not see it in the app.

 

Adding an Appendix to the plan

  1. Under the Plan tab, click Download & Print:
    download-print-link.png
  2. In the Setup section of the page, locate Appendix and click the Edit button:
    quiche-add-appendix.png
  3. In the overlay that appears, check or uncheck the boxes for any details you'd like to add to your Profit & Loss:
    quiche-adding-pandl-detail.gif

    Note: Clicking Show individual direct costs will display direct costs and direct labor.

    Clicking Show individual employees will show only regular labor.

  4. Click Save & Close:
    quiche-coverpg-savebutton.png

 

Differences in revenue details

If you check the box for Show individual revenue streams:

quiche-addl-pandl-detail-revstreams.png

...You'll see an itemized list of your revenue sources in the downloaded plan, as shown below:

quiche-appendix-revstreams.png

If you also check the box for Show revenue details:

quiche-addl-pandl-detail-revdetails.png

...Then below each itemized revenue stream you'll also see the unit amounts that make up its monthly totals, as shown below:

 

Revenue details for a Unit Sales revenue stream:

quiche-appendix-revdetail.png 

Revenue details for a Billable Hours revenue stream:

quiche-revdetail-billable.png 

Revenue details for a Recurring Charges revenue stream:

quiche-revdetails-recurring.png

Note: If you've used the Revenue Only model for your revenue streams, you'll only see the dollar amounts you've entered for each stream in the Profit and Loss.

 

Related Topics:

Was this article helpful?
5 out of 7 found this helpful
Have more questions? Submit a request

Comments

0 comments

Please sign in to leave a comment.