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9:T680c,{"id":"cG9zdDo1Mjgy","title":"Present Value and Net Present Value: Differences & Calculation","content":"\n<p>In finance, assessing the value of future cash flows is essential for both individuals and businesses. Present value and net present value help determine how much future sums of money are worth today, considering factors like time and interest rates. Both are fundamental tools for evaluating the profitability and feasibility of investments, but they serve different purposes. By understanding these concepts, you can make better decisions about investments, loans, and projects.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is Present Value?</strong></h2>\n\n\n\n<p>Present value (PV) is the current worth of a future sum of money or stream of cash flows, discounted at a specific rate of return. It helps you determine how much to invest today to achieve a desired amount in the future.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Calculate Present Value</strong></h3>\n\n\n\n<p>You can calculate the present value using the following formula:</p>\n\n\n\n<p><strong>Present Value = Future Value / (1 + r)ⁿ</strong></p>\n\n\n\n<p>Let&#8217;s break down each component of this formula:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Future Value (FV):</strong> The amount of money you expect to receive in the future.</li>\n\n\n\n<li><strong>r:</strong> The discount rate or rate of return (expressed as a decimal).</li>\n\n\n\n<li><strong>n:</strong> The number of periods (years, months, etc.) until you receive the future value.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Example of Present Value Calculation</strong></h3>\n\n\n\n<p>Suppose you have the option to receive $100,000 one year from now or $94,000 today. If the discount rate is 6%, you can calculate the present value of $100,000 to decide which option is better.</p>\n\n\n\n<p><strong>Present Value </strong>= $100,000 / (1 + 0.06)¹ = $100,000 / 1.06 = $94,339.62</p>\n\n\n\n<p>Since $94,339.62 (present value of $100,000 received in one year) is more than $94,000, it would be better to wait a year and receive $100,000.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is Net Present Value?</strong></h2>\n\n\n\n<p>Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. It helps determine the profitability of an investment or project by considering both the returns and the costs.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Calculate it</strong></h3>\n\n\n\n<p>The formula is:</p>\n\n\n\n<p><strong>Net Present Value = (Cash Inflow₁ / (1 + r)¹) + (Cash Inflow₂ / (1 + r)²) + &#8230; + (Cash Inflowₙ / (1 + r)ⁿ) &#8211; Initial Investment</strong></p>\n\n\n\n<p>Breaking down the formula:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cash Inflowₜ:</strong> The cash inflow at time period t.</li>\n\n\n\n<li><strong>r:</strong> The discount rate or required rate of return.</li>\n\n\n\n<li><strong>n:</strong> The total number of periods.</li>\n\n\n\n<li><strong>Initial Investment:</strong> The amount of money invested at the beginning.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Example of Net Present Value Calculation</strong></h3>\n\n\n\n<p>Imagine a company is considering a project that requires an initial investment of $10,000 and is expected to generate $4,000 annually for three years. The discount rate is 8%.</p>\n\n\n\n<p><strong>Calculate the present value of each cash inflow:</strong></p>\n\n\n\n<p><strong>First Year:</strong> PV₁ = $4,000 / (1 + 0.08)¹ = $4,000 / 1.08 = $3,703.70</p>\n\n\n\n<p><strong>Second Year:</strong> PV₂ = $4,000 / (1 + 0.08)² = $4,000 / 1.1664 = $3,429.36</p>\n\n\n\n<p><strong>Third Year:</strong> PV₃ = $4,000 / (1 + 0.08)³ = $4,000 / 1.2597 = $3,176.38</p>\n\n\n\n<p><strong>The sum of present values:</strong></p>\n\n\n\n<p><strong>Total PV of Inflows = PV₁ + PV₂ + PV₃</strong></p>\n\n\n\n<p>Total PV of Inflows = $3,703.70 + $3,429.36 + $3,176.38 = $10,309.44</p>\n\n\n\n<p><strong>Calculate NPV:</strong></p>\n\n\n\n<p><b>NPV = Total PV of Inflows &#8211; Initial Investment</b></p>\n\n\n\n<p>NPV = $10,309.44 &#8211; $10,000 = $309.44</p>\n\n\n\n<p>Since the NPV is positive ($309.44), the project is expected to generate profit and may be considered a good investment.</p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Present Value vs. Net Present Value</strong></h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Purpose</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PV:</strong> Determines the current worth of a future sum of money or cash flows.</li>\n\n\n\n<li><strong>NPV:</strong> Assesses the profitability of an investment by considering both inflows and outflows.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Scope</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PV:</strong> Focuses solely on future cash inflows.</li>\n\n\n\n<li><strong>NPV:</strong> Accounts for both cash inflows and outflows, including the initial investment.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Application</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PV:</strong> Used by individuals for personal financial decisions like saving for retirement or purchasing a house.</li>\n\n\n\n<li><strong>NPV:</strong> Utilized by businesses and finance professionals to evaluate projects, investments, and capital budgeting decisions.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Complexity</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PV:</strong> Simpler calculation involving fewer variables.</li>\n\n\n\n<li><strong>NPV:</strong> More complex, considering multiple cash flows over time and initial costs.</li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Importance of Present Value and Net Present Value</strong></h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In Personal Finance</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PV:</strong> Helps you determine how much to invest today to reach future financial goals.</li>\n\n\n\n<li><strong>NPV:</strong> Assists in evaluating personal investments, such as real estate or small business ventures.</li>\n</ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In Business and Capital Budgeting</strong></h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PV:</strong> Aids in assessing the value of future cash flows from projects or investments.</li>\n\n\n\n<li><strong>NPV:</strong> Businesses need to evaluate the profitability of projects, make investment decisions, and optimize resource allocation.</li>\n</ul>\n\n\n\n<p>Understanding the difference between present value and net present value is crucial for effective financial decision-making. Present value helps determine the current worth of future sums, while net present value assesses the profitability of investments by considering both cash inflows and outflows. By applying these concepts, you can make more informed decisions and enhance your financial planning.</p>\n\n\n\n<p>Ready to optimize your investment decisions? Contact <a href=\"https://www.modeliks.com/features/\" target=\"_blank\" rel=\"noreferrer noopener\">Modeliks</a> today to discover how our financial solutions can help you effectively utilize present value and net present value in your financial strategies. <a href=\"https://app.modeliks.com/register/ACBD5AB2-6994-40EE-A43A-B4370C09EDA1?_gl=1*1fyw9jw*_gcl_au*MTQwMzQ3MzIxNS4xNzI0MDUyNDY1*_ga*ODIxMzA3NDc2LjE3MDY3ODQwNTg.*_ga_PW8DRDZG7M*MTcyOTI0OTUxOS4yNS4xLjE3MjkyNDk1MzkuMC4wLjA.\">Start your free trial!</a></p>\n\n\n\n<p></p>\n","slug":"present-value-and-net-present-value","date":"2024-10-21T12:42:26","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"}]},"mainCategory":{"mainCategory":["business-plans"],"videoHeader":null},"tags":{"nodes":[{"name":"business planning"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDo1MzMw","sourceUrl":"/images/cms/Modeliks-1.jpg","altText":"What Is the Difference Between Present Value and Net Present Value?"}},"seo":{"metaDesc":"Differences between present value and net present value, make smarter financial decisions and evaluate investment profitability."},"modified":"2024-10-21T12:42:26","related":[{"id":"cG9zdDoxMTU0MQ==","title":"How Accountants Can Offer High-Margin Advisory Services","content":"\n<h2 class=\"wp-block-heading\">Why Advisory Services Matter for Accounting Firms</h2>\n\n\n\n<p>The accounting profession is shifting. Compliance and bookkeeping remain essential, but today’s clients expect more. They want guidance on <strong>how to run their business smarter, manage cash flow, and plan for the future</strong>.</p>\n\n\n\n<p>According to a <strong>CPA.com survey</strong>:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Clients pay <strong>~50% more</strong> for advisory services compared to traditional compliance.</li>\n\n\n\n<li><strong>65% of clients</strong> need advisory support.</li>\n\n\n\n<li><strong>45% expect their accounting firm</strong> to provide it.</li>\n</ul>\n\n\n\n<p>This means the demand is already there. The opportunity for accounting firms is clear: <strong>move beyond bookkeeping into high-margin advisory services</strong>.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Challenge: Scaling Advisory Without Burning Out</h2>\n\n\n\n<p>For most small and mid-sized firms, the hesitation is simple:<br>❌ Limited staff time<br>❌ No standardized tools for forecasting &amp; reporting<br>❌ Concern about overcomplicating workflows</p>\n\n\n\n<p>The good news? Advisory can be delivered at scale, without adding headcount or creating inefficiencies — if you have the right system.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Solution: Modeliks for Advisory Services</h2>\n\n\n\n<p><strong>Modeliks</strong> helps accountants transform their existing relationships into advisory partnerships by automating the heavy lifting.</p>\n\n\n\n<p>Here’s how it works in practice:</p>\n\n\n\n<p>1️⃣ <strong>Connect QuickBooks in Minutes</strong><br>Sync client actuals directly — no messy spreadsheets or manual imports.</p>\n\n\n\n<p>2️⃣ <strong>Build Budgets &amp; Automated Financials</strong><br>Instantly generate a forward-looking <strong>P&amp;L, Balance Sheet, and Cash Flow statement</strong>, tailored to each client.</p>\n\n\n\n<p>3️⃣ <strong>Deliver Dashboards &amp; Variance Analysis</strong><br>Clients see Actual vs. Plan vs. Previous Periods. You provide insight into <em>why</em> numbers moved — without building reports from scratch each month.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">The Impact for Accounting Firms</h2>\n\n\n\n<p>Firms using Modeliks see:<br>✅ <strong>New revenue streams</strong> by offering planning &amp; reporting as premium packages<br>✅ <strong>Higher client retention</strong> thanks to consistent value beyond compliance<br>✅ <strong>No extra headcount required</strong>, since processes are automated<br>✅ <strong>Improved positioning</strong> as trusted advisors, not just bookkeepers</p>\n\n\n\n<p>As one accountant put it:</p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>“Our clients can now make confident decisions. For us it’s a game-changer — we finally sell insight, not just compliance.”</em></p>\n</blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why Now Is the Time</h2>\n\n\n\n<p>Client expectations are rising. Competitors are moving into advisory. Technology makes it easier than ever to scale.</p>\n\n\n\n<p>If you’re an accountant or firm owner, now is the time to position your practice for the next decade. Advisory services are not just an add-on — they’re the future of accounting.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Next Steps</h2>\n\n\n\n<p>📽️ Watch the full video playbook here: <a href=\"https://www.youtube.com/watch?v=UlQEwnWOdKQ\">https://www.youtube.com/watch?v=UlQEwnWOdKQ</a>.<br>🌐 Explore how Modeliks can help you launch advisory services in under an hour -> <strong><a href=\"https://www.modeliks.com/solutions/accountants\">HERE</a></strong>.</p>\n\n\n\n<p>📩 Or <a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">reach out to</a><a href=\"https://www.modeliks.com/\"> </a><a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">us directly</a> to explore how Modeliks can be tailored for your firm.</p>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a>! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"high-margin-advisory-services-accountants","date":"2025-09-02T08:30:06","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=UlQEwnWOdKQ"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTU0Mg==","sourceUrl":"/images/cms/Screenshot-2025-09-02-at-10.27.59.png","altText":"How to offer Advisory Services at High Margin?"}},"seo":{"metaDesc":"Learn how accounting firms can add high-margin advisory services without extra headcount. Discover how Modeliks helps accountants deliver financial planning, reporting, and dashboards that clients will pay more for."},"modified":"2025-09-02T08:30:10","related":null},{"id":"cG9zdDoxMTQ4Mw==","title":"How to Manage & Grow Your Professional Services Business: A Strategic Playbook","content":"\n<p>Running a professional services business is demanding. Whether you’re a <strong>founder, consultant, accountant, or finance leader</strong>, the challenges are similar:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Managing multiple clients</li>\n\n\n\n<li>Tracking projects and timesheets</li>\n\n\n\n<li>Ensuring profitability while scaling</li>\n\n\n\n<li>Moving beyond basic bookkeeping into strategic financial insights</li>\n</ul>\n\n\n\n<p>The truth? Many services firms outgrow spreadsheets faster than they realize. A project-based business requires a planning and reporting framework that adapts as you grow &#8211; not one that breaks every time a new client, project, or team member comes onboard.</p>\n\n\n\n<p>That’s where having a structured <strong>financial planning and reporting system</strong> becomes a game-changer.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Who is This Playbook For?</h2>\n\n\n\n<p>This strategic framework is designed for:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Founders &amp; Owners of Service Firms</strong> — who need clarity on profitability and growth drivers.</li>\n\n\n\n<li><strong>Consultants</strong> — who want to optimize billable hours and scale without burning out.</li>\n\n\n\n<li><strong>Accountants &amp; Accounting Firm Owners</strong> — who want to expand beyond bookkeeping and offer high-value advisory services like forecasting, management reporting, and fractional CFO solutions.</li>\n\n\n\n<li><strong>Finance Leaders (CFOs, Finance Managers, Controllers)</strong> — who require accurate reporting, scenario planning, and board-ready insights without wasting hours in spreadsheets.</li>\n</ul>\n\n\n\n<p>If you run a <strong>project-based business, use timesheets, or manage multiple clients</strong>, this playbook is for you.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">How to Grow Profitability in Professional Services</h2>\n\n\n\n<p>Professional services firms often face profitability challenges because margins are tied to <strong>capacity, efficiency, and client mix</strong>. Here’s where the right planning approach makes a difference:</p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Plan by Project (Not Just Company-Level)</h3>\n\n\n\n<p>Each project has its own revenue, costs, and resources. Without project-level visibility, it’s impossible to know which work is actually profitable.</p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Track Actuals vs. Plan</h3>\n\n\n\n<p>It’s not enough to create a yearly budget. Monthly actuals vs. plan reporting helps you quickly see where projects are off track and adjust before problems snowball.</p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Build Scenarios</h3>\n\n\n\n<p>What happens if a big client leaves? Or if you add two more consultants next quarter? Scenario planning gives you the confidence to make tough decisions with numbers to back them up.</p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Monitor Utilization &amp; Capacity</h3>\n\n\n\n<p>Employee utilization is the heartbeat of a services firm. By linking financial forecasts to <strong>billable hours, staffing, and client demand</strong>, you can identify bottlenecks and prevent costly underutilization.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">How Modeliks Helps</h2>\n\n\n\n<p>At Modeliks, we’ve built a platform that turns these best practices into a structured, repeatable process.</p>\n\n\n\n<p>With <strong>Modeliks</strong>, you can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Plan by Project, Department, or Client</strong><br>Build forecasts by any dimension of your business — project, geography, store, or team.</li>\n\n\n\n<li><strong>Automate Actual vs. Plan Reporting</strong><br>Sync with QuickBooks or upload trial balances from Excel. No more rebuilding reports every month.</li>\n\n\n\n<li><strong>Get Dashboards &amp; KPIs That Matter</strong><br>Variance analysis, profitability by client/project, utilization, and other insights are ready in minutes.</li>\n\n\n\n<li><strong>Run What-If Scenarios</strong><br>Test different client acquisition strategies, pricing models, or staffing plans.</li>\n\n\n\n<li><strong>Scale Without Adding Headcount</strong><br>Accountants and consultants can serve more clients in less time, while founders and finance leaders gain clarity without extra hires.</li>\n</ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why This Matters Now</h2>\n\n\n\n<p>Most firms wait until they have 100+ employees to rethink planning. But the truth is, <strong>dimensional planning and reporting matters at 20 employees, as much as at 200.</strong></p>\n\n\n\n<p>The earlier you set up a scalable framework, the faster you can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increase profitability per client</li>\n\n\n\n<li>Retain clients longer by delivering insight, not just compliance</li>\n\n\n\n<li>Attract investors, lenders, or partners with investor-ready plans</li>\n\n\n\n<li>Free up time to focus on strategic growth instead of fixing spreadsheets</li>\n</ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Key Takeaway</h2>\n\n\n\n<p>Growing a professional services business isn’t just about winning more clients — it’s about <strong>building a system that lets you manage projects, measure performance, and grow profitably.</strong></p>\n\n\n\n<p>That’s what this playbook is about — and why we built <strong>Modeliks</strong>.</p>\n\n\n\n<p>👉 If you want to see how Modeliks can help you manage and grow your services firm, <a href=\"https://www.youtube.com/watch?v=E87pBDPZzPc&amp;utm_source=chatgpt.com\">watch the full video walkthrough here</a>.</p>\n\n\n\n<p>📩 Or <a href=\"https://www.modeliks.com/?utm_source=chatgpt.com\">reach out to us directly</a> to explore how Modeliks can be tailored for your firm.</p>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a>! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"financial-planning-for-professional-services","date":"2025-09-01T11:47:08","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=E87pBDPZzPc"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTQ4NA==","sourceUrl":"/images/cms/Screenshot-2025-09-01-at-13.39.02.png","altText":"Financial planning for professional services"}},"seo":{"metaDesc":"Discover how to manage and grow your professional services firm with project-based financial planning, reporting, and forecasting strategies."},"modified":"2025-09-01T11:47:11","related":null},{"id":"cG9zdDoxMDQyMA==","title":"Modeliks 2.0 is Live!","content":"\n<p>Today we released a massive new update of Modeliks.  A multidimensional Modeliks 2.0. I am both happy and sad to see Modeliks grow up. I liked baby Modeliks. He was cute and a little clumsy. Now, we created a beast.  </p>\n\n\n\n<p>We listened to your feedback and made Modeliks by far the best financial planning and reporting tool for SMEs. Alright, I might be a bit subjective, but here is what’s new:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Multi dimensional planning and reporting</strong>. This means that you can plan and track performance by organizational unit, whether that is business units, departments, geography, stores, projects. However your company is structured, you can have clear targets and track performance across your whole organization.</li>\n\n\n\n<li><strong>Consolidation</strong>: if you plan on a business unit level, Modeliks will consolidate your financial plans upwords.</li>\n\n\n\n<li><strong>Allocations</strong>: allocate costs from the head office down to the operating units. Why? Some costs are incurred in the head office, or regional offices, but should be allocated down to the operating units, in order to get a correct picture of profitability across the organization.</li>\n\n\n\n<li><strong>Quickbooks integration</strong>. Connect Modeliks to your Quickbooks and have your planning and monthly reporting automated, error free and done in minutes.</li>\n\n\n\n<li><strong>Account grouping</strong>. Group several accounts into one group account. For example, you can create a Utilities group account and make your Energy, heating, phone, internet, water accounts part of the utilities group. Why? Because when you plan, you don’t want to plan on every single small account that you have in your accounting system. It is too tedious and messy. So, group them logically, plan on groups, and make planning and reporting easy and useful.</li>\n\n\n\n<li><strong>Initiative planning and evaluation</strong>. You have a new initiative in mind for your business? Create a business case and see how it will impact your business. If the numbers say it’s good, keep it. If not, drop it.  </li>\n\n\n\n<li><strong>Monthly forecasting</strong>. Now you can forecast up to 3 years on monthly basis.</li>\n\n\n\n<li>Lastly. <strong>Speed</strong>. Modeliks is now 10 times faster than before.   </li>\n</ol>\n\n\n\n<p>And there is a lot more to come in the next few months. Stay tuned for new features, and in the mean-time, plan, manage and grow your business with Modeliks 2.0.</p>\n\n\n\n<p>Let’s recap. Now you can:</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Build driver based financial models for any business</li>\n\n\n\n<li>Do it by department, business unit, geography, stores, projects</li>\n\n\n\n<li>Run scenarios and evaluate new initiatives</li>\n\n\n\n<li>Track actual performance vs budget, on every level in your organization. Especially easy with the Quickbooks integration</li>\n\n\n\n<li>Automate monthly investor and management reporting</li>\n\n\n\n<li>And write professional and detailed business plans with the help of our AI assistant.</li>\n</ol>\n\n\n\n<p>Enjoy <a href=\"https://modeliks.com/\">Modeliks</a> 2.0! We know we are!</p>\n\n\n\n<p>Author: <br><a href=\"https://www.modeliks.com/about-us\">Modeliks Team</a></p>\n","slug":"modeliks-2-0-a-live","date":"2025-04-01T08:59:31","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=-61deO4BkFg"},"tags":{"nodes":[{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"modeliks"},{"name":"quickbooks"}]},"featuredImage":{"node":{"id":"cG9zdDoxMDQyMg==","sourceUrl":"/images/cms/Modeliks-2.0-Post-image.png","altText":"Modeliks 2.0."}},"seo":{"metaDesc":"A massive new update of Modeliks is here. A multidimensional, Quickbooks integrated, faster than ever Modeliks 2.0. GROW your business, NOW!"},"modified":"2025-04-01T09:20:31","related":null}]}2:["$","$L8",null,{"post":"$9"}]
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