If your company has multiple locations, or you have multiple business units operating together, LivePlan offers three different options for building your business plan.
Option #1: Naming forecast entries by division
This option is great if you need to end up with a single set of financial statements that represent all of your locations or business units combined.
When you create a Revenue stream, Direct Cost, Expense, or any other forecast entry, you can give it a descriptive name. With this option, you can name your forecast entries by the location or division they apply to, as shown below:
With itemized forecast entries in place, you can easily add this itemized detail to your Profit and Loss statement. The totals in the financial statements will represent all of the business units combined, but you'll be able to see line items for each location.
Option #2: Using multiple forecasts
If you're forecasting for different locations of the same business, this option can work well. You'd create one company in LivePlan, and then complete the written portion of the plan for the business as a whole. Then you can attach multiple forecasts to this company - each one representing a different location. LivePlan allows you to attach up to 10 forecasts to a single company.
Option #3: Using multiple companies
If you're creating plans for for separate business units that operate together, then you may want to create a separate company for each one, so that you can capture the unique written information and forecast data for each unit. In this case, you can create a fresh company for each unit, or save some time by starting with a copy of an existing company and editing it.
There is no limit to the number of companies you can create in your account, but your account will have a limit to the number of companies that can be active for editing at any one time. Even so, it's very easy to switch between companies in your account any time.
Can the individual plans or forecasts be combined?
If you've created a separate company for each of your business units, the resulting business plans will be living documents that you can update at any time. LivePlan isn't configured to combine them into a single, overarching business plan, but you can download the individual plan documents, and you can even use the Dashboard tab of each company to track how each business unit is performing against its forecast.
Note: If you need a single set of financials, use Option #1 above.
If you've attached multiple forecasts to a single company, you can view any of these forecasts in the business plan, and it's very easy to switch between them. You can also download individual copies of the plan with any one of the forecasts selected.