Ideas Den

Prepare Finances

Presenting 'appropriate' financial information of a business is vital.

When external finance is required from Investors, be it Banks, Business Angels and Venture Capitalists they expect to see financial plans represented in different ways. In all these cases, degrees of risk need to built into the financial plan and our recommendation is to prepare finances which allow for contingencies of risk.

Realistic yet modest financial plans work well when raising finance;especially if the financial plan can defend the highest levels of risk, and still show profitability.

As importantly though, is that business owners' understand the underlying financial implications of their business at all times. Not only at during the start-up phase but at all stages of business development.

'Finance Preparation' Package

The Ideas Den team have created a 'flexible financial tool' for modelling businesses, which can be easily customised to suit your specific requirements.

We can work with you on various levels of preparing finances from high level forecasting to detailed financial planning and analysis.

Our 'financial tool' represents the key financial requirements for a business. We have developed it so that the input data is easily entered and there are checklist prompts as well as future growth rate prompts.

Key data is then automatically rolled up into summarised information fields.

The effects of VAT and inflation are also built into the model for further accuracy. Additionally the tool is printer friendly and output reports are pre-formatted so that they are easy to read in tables and easy to copy into business plans.

In consists of the following data entry sections:
  • Sales Forecasts
  • Costs of Sales [including direct, production & licensing costs]
  • Overheads [including Salaries & NI]
  • Marketing Spend
  • Capital Expenditure
The information which is automatically generated includes:
  • Profit & Loss Projections, represented at various levels including:

Gross Profits

Operating Profits; [EBITDA: Earnings Before Interest, Tax, Depreciation & Amortisation] Net Profits; [EBIT: Earnings Before Interest and Tax]

Retained Profits 

  • Cash Flow Statements
  • Funding Requirements
  • Break Even Points
  • Balance Sheets

Prices for Preparing Finances depend upon the scope, nature and development of the idea and business.