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Set up chart of accounts
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Set up 12-month timeline
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Input beginning balances
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Input change for the month
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Input changes for all 12 months
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Total the change for the year
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Set up the ending balance
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Build the Income Statement Balance Sheet Income Statement
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Integrate the statements Depreciation/amortization Net Earnings (Loss) Stockholders’ Equity Others Linkages: Interest income Interest expense Deferred tax Bonus Work-in-progress
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Integrate cash flow “plug” Balance Sheet Income Statement Cash Flow Total Assets Total Liabilities Equity Profit (Loss) Cash Circular Reference
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Cash Flow Equation + Net Earnings (Loss) - Change in Total Assets + Change in Cash + Change in Total Liabilities + Change in Equity: stock & retained earnings
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Extend timeline back & forward Balance Sheet Income Statement Cash Flow Balance Sheet Income Statement Cash Flow Current YearNext YearLast Year
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Input actuals up to current month Input actuals Current YearNext YearLast Year
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Input actuals for month closed Input actuals Current YearNext YearLast Year
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Project ahead Current YearNext YearLast Year Project ahead
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Set up charts Current YearNext YearLast Year
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Setup Instrument Panel
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