If you want to enter the number of units (or hours) you expect to sell, along with the price and cost for each, choose the unit sales model in the LivePlan forecast, and we will calculate the totals.
Keep in mind that how you define a 'unit' depends on what you sell. If you offer widgets, just enter the quantity of those widgets (shirts or computers or whatever) you think you'll sell. For other offerings, you might want to use units to mean consulting engagements or fixed-price contracts or pallets of low-value materials. Do what makes sense for your business.
Adding a unit sales revenue stream
To add a revenue stream, click Add Revenue Stream, and then follow Steps 1 through 4 below:
Step 1: Name the revenue stream
Enter a name for your unit sales revenue stream:
Step 2: Type
For the Type, select Unit sales:
Step 3: Unit Sales
Enter the number of units of this product you think you'll sell. Again, this can be either a constant amount (per month or year) or varying amounts per month:
Then, indicate when the revenue for this unit sales stream will begin (that is, when will you begin selling this product/service?):
Step 4: Unit Prices
Enter the amount you will charge for each unit of this product or service. You can enter a constant price or varying prices over time:
Editing or deleting a revenue stream
To edit an existing revenue stream:
Click on its name in the table:
The edit overlay will appear. You can click on any of the steps across the top that you wish to edit:
To delete a revenue stream:
Click on the revenue stream's name in the table:
Hover over the trash can icon, and click Delete:
Where does this entry appear in the financial statements?
Your revenue streams will be used to calculate the highlighted lines the Profit & Loss, Balance Sheet, and Cash Flow table shown below: