How to Make Changes to Your Financial Data

The financial data and projections presented in your business plan are generated by the AI based on insights from a wide variety of data, industry trends, and business practices to generate answers typically tailored to your business niche, but these values are estimates only and are not meant to be used without review and/or modification.

We recommend that our customers always review the data generated and make the necessary modifications to reflect the specific details of their business. There are several options available for personalizing your financial data.

If the AI-generated numbers already closely reflect your specific business situation and require only minor adjustments, you can conveniently make these changes directly within the Financial Reports section of your main business plan file.

To begin, simply click on the category you wish to edit. This will open a new window on the right side of the screen, displaying the editable fields related to the selected category. Regardless of the financial table or category you are working with, you can update the category name and description by clicking on the respective fields and entering the new information.

Unit Sales: This revenue type enables you to specify a price per unit, the expected sales volume, the projected growth rate, and the launch date for the product. Additionally, you can define a starting value and an end date.

Billable Hours: This revenue type enables you to specify an hourly rate, the number of billable hours per month, the expected growth rate, and the launch date for the product. Additionally, you can set an initial value and a termination date.

Recurring Charges: This revenue type is useful if you are running subscriptions. It enables you to specify a price per subscription, the expected growth rate, as well as the expected churn rate and the launch date for the product. Additionally, you can set an initial value and a termination date.

Revenue Only: This revenue type enables you to specify a revenue amount, the expected growth rate, and the launch date for the product. Additionally, you can set an initial value and a termination date.

Varying Amounts Over Time: This revenue type will be most useful if you want to retain full control over the month to month amounts.

You have the choice to complete each cell in the table, one by one, or your can enter in a value in the first month of the year, then click on Apply Values Right and the system will populate the remaining fields for that year.

Cost of Goods Sold: The raw materials you need to manufacture your products (e.g. ingredients for a bakery, or fabric for a clothing brand.)

Operating Expense: General expenses (e.g. sales and marketing, research and development, insurance, office supplies).

Personnel: Salaries and wages for all employees and contractors.

Capital Expense: Otherwise known as Investments in Assets, these expenses hold some value after purchase (e.g. computers, a car, equipment).

Loan: Amount to be paid back, often with interest.

​Investment: You won't need to pay back, often in exchange for equity.

One time amount

Repeating amount

Percent of Net Profit

In conclusion, making changes to your financial data is a simple process. By following these steps, you can easily update your financial information and ensure the accuracy of your financial calculations. Regularly reviewing and updating your financial data is crucial for the success and growth of your business, so be sure to make it a priority.

We hope this article has been helpful in guiding you through the process of making changes to your financial data. If you have any further questions or need assistance, please don't hesitate to reach out to our customer support team.