Planning

Profit Navigator Leadership Accounting: Planning

The Planning section for your Profit Navigator account is designed to help you gain control and understanding of the financial aspects of your business. For any business, accounting is generally the primary aspect business owners have trouble fully understanding and managing. In this section, we provide tools to make the accounting process easy to understand and to pinpoint those aspects of your accounting that contribute most to your business profitability: Sales, Cost of Goods (COGs), Total Expenses, Gross Profit and Net Profit.

Once you have a complete understanding of your income and expenses, you can proceed to craft a budget. Our budgeting system uses sophisticated algorithms to provide you with an easy to use mechanism for predicting performance based on your businesses performance history. The more historical data you provide, the more accurate and powerful our budget planning solution will be. This step is crucial in providing you with actionable and relevant business analytics. Your business consultant will work with you 1-on-1 to help you understand both the key aspects of your income and expense streams and help you forge a budget that will help guide your business to success.

After completing your yearly budget, you may wish to review yearly performance. Our system makes it easy to compare your income and expense performance year over year and presents the information in an easy to understand format using charting and sophisticated graphing techniques. Reviewing your performance and understanding where your business is now and where you would like to take your business, you can begin working on business opportunities and challenges that are relevant to your current situation. Using our powerful what-if calculator, you and your business adviser can examine the challenges you are facing and identify opportunities for improvement and financial growth throughout the year.

Remember, you are in control of your business and your business adviser (Trusted Adviser) is there to help guide you to a sustainable and profitable business. The tools we provide help you and your adviser gain leverage through actionable analytics and insights into your business at every level and provides you with the edge you need in today's global and connected economy.