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9:T7879,{"id":"cG9zdDo4NDcx","title":"The Financial Planning Process Explained","content":"\n<h2 class=\"wp-block-heading\">The financial planning process</h2>\n\n\n\n<p>Are you wondering how to do the financial planning process right? Creating a financial plan for your business sounds complicated if you have never done one before, but it is really not that difficult with the right tools and guidance. You can have a professional financial plan done within a day.</p>\n\n\n\n<h2 class=\"wp-block-heading\">What is a financial plan?</h2>\n\n\n\n<p>A financial plan is a forecast of the future financial performance of a business, meaning forecasted Profit and Loss Statement, Balance Sheet and a Cashflow Statement. </p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit and loss (P&amp;L) statement</strong>, also known as an income statement, summarizes the revenues, costs, expenses, and profits/losses of a company during a specified period. These records provide information about a company’s ability to generate revenues, manage costs, and make profits.</li>\n\n\n\n<li><strong>Balance sheet</strong> informs us about a company&#8217;s assets, liabilities, and equity at a specific point in time. In other words, the balance sheet provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.</li>\n\n\n\n<li><strong>Cash flow statement</strong> provides information about all cash inflows that a company receives from its operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period. </li>\n</ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why do you need a financial plan?<strong> </strong></h2>\n\n\n\n<p>Businesses that plan grow 30% faster than those that don’t. But why? A financial plan used to better manage your business, raise funding, set goals, and guide strategic, operational and investment decisions. A well-done financial plan makes you think through every aspect of your business and find ways to improve it.</p>\n\n\n\n<p>I will now go into detail explaining the financial planning process. If you rather watch than read, here is a video explaining it.&nbsp;</p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Unveiling the Secrets of Financial Planning Process | Modeliks Academy L.1\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/KgqrVLEYMOo?list=PLJhNEF4wOLMBsz6fKVpvRCnZUQoICEG6C\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe>\n</div></figure>\n\n\n\n<h2 class=\"wp-block-heading\">The financial planning process</h2>\n\n\n\n<p>There are 4 steps in the financial planning process: </p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Identify the purpose of your financial plan. </li>\n\n\n\n<li>Define the plan structure, assumptions and gather data.</li>\n\n\n\n<li>Build the financial model.</li>\n\n\n\n<li>Sense-check your financial plan.</li>\n</ol>\n\n\n\n<h3 class=\"wp-block-heading\">Step 1: Identify the purpose of your financial plan.</h3>\n\n\n\n<p>The purpose for creating your plan will define the required complexity and detail for your plan. For example, if you need a plan to apply for a bank loan, you will need a simpler financial plan. You will need high level financial statement projections, sense checks against historical performance and with healthy ratios that banks care about.&nbsp;</p>\n\n\n\n<p>On the other hand, if you need a financial plan to raise VC funding, you will need a more detailed, high growth, <a href=\"https://www.modeliks.com/resources/financial-forecast/driver-based-financial-plan\">driver-based financial model</a>. It will need to be sense checked against industry benchmarks and clearly presented to tell a story of an excellent investment opportunity. </p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2: Define the plan structure, assumptions and gather data</h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Financial model structure. </strong>\n<ul class=\"wp-block-list\">\n<li>Define the revenues your business generates. This is the income from the different products or services your business sells. </li>\n\n\n\n<li>Direct costs or cost of goods sold. These are the cost of the products and services you sell. If you sell bikes, these are your costs to purchase or manufacture the bikes.  </li>\n\n\n\n<li>Employees do you need to run the business.  Sales, marketing, manufacturing, R&amp;D, office support, etc.    </li>\n\n\n\n<li>Operating expenses. Things like rent, utilities, insurance, sales and marketing budgets, travel, office supplies, repairs, accounting and legal, bank charges, etc.</li>\n\n\n\n<li>Assets. These are the property, equipment, furniture, vehicles, intangible assets that you need to run your business.</li>\n\n\n\n<li>Financing. What are the sources of financing your business? Equity investment from the founders or investors, bank loans, etc.</li>\n\n\n\n<li>Taxes. Which taxes do you need to pay? VAT, Sales tax, GST, Income tax, etc. <br></li>\n</ul>\n</li>\n\n\n\n<li><strong>Assumptions</strong>. How will you calculate the revenues, cost of goods sold, employee costs, operating expenses, taxes you identified when defining the financial model structure. Assumptions will include thing like number of units sold and prices for revenue calculations. Cost per unit for COGS. Number of employees needed per type of employee and their gross salaries, inflation rates, tax rates, capacity constraints, conversion rates, cost per lead, accounts payable and receivable days, inventory turnover, etc. Most of the assumptions should be operational metrics of your business so that you can establish a logical relationship between how your business operates and the expected financial result from those operations.  <br></li>\n\n\n\n<li><strong>Gathering data</strong>. Once you defined the assumptions that you will use to calculate your revenues, costs, expenses, taxes, assets, financing needs, etc., you need to gather data in order to define the values of each assumption. How many units will you sell? At which price? How much will each unit cost you to procure? How much will you pay to each employee? How much will you pay for rent, utilities, office expenses? How much will it cost you to acquire a new customer?<br><br>Always the best place to start with gathering data is your company historical performance. If you have historical data, you will have reliable basis for your assumptions of your future performance. You will then tweak your past performance data based on expected growth and initiatives that you plan to implement in the future. </li>\n</ul>\n\n\n\n<p>It is more difficult for new companies to define the values of their assumptions because they do not have past performance data. So, for new companies, benchmarks from similar companies, also known as industry benchmarks, would be a good place to start and tweak those benchmarks based on your specific situation. If your assumptions are in line with industry benchmarks, it is fairly easy to defend them. If they defer significantly from industry benchmarks, you should have a good and logical explanation why this is the case. </p>\n\n\n\n<p>Whether you use past company performance data, industry benchmarks or a combination of both, the values of your assumptions need to be logical and defendable.&nbsp;</p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 3: Build the financial model</h3>\n\n\n\n<p>The financial model are all the formulas and calculations that calculate your Revenues, Cost of Goods Sold, Employee Costs, Operating expenses, Taxes, Assets and Financing Needs based on the assumptions. And then calculating the main outputs for the financial plan: Profit and Loss Statement, Balance Sheet and Cashflow Statement.&nbsp;</p>\n\n\n\n<p>This is by far the most difficult and time-consuming step in creating a financial plan. If you are not an expert in excel and financial planning, you might struggle with this step. Luckily, there are softwares like Modeliks that does these calculations for you, so you can have a professional financial plan even if you have never done one before in your life. What’s even more important, specialized financial planning software ensures that your calculations are correct, while building a financial plan in excel is very prone to errors.&nbsp;</p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 4: Sense-check your financial plan outputs</h3>\n\n\n\n<p>You have come to the end. You defined your financial plan structure, gathered data from reliable sources and created your financial plan (i.e. your forecasted Profit and Loss, Balance Sheet and Cashflow Statement). Now you need to step back and see if your numbers make sense. Just one mistake in assumption can make your whole financial plan unrealistic and unreliable.&nbsp;</p>\n\n\n\n<p>To sense check your financial plan, make sure the following indicators make sense when you compare them to your past performance or industry benchmarks.&nbsp;</p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Revenue growth rate. How fast is your revenue growing year on year. 10% might be realistic for an established company, but 100% probably not. For a startup with low revenue base which is gaining traction 1000% growth in revenue might make sense. Make sure you can explain the revenue growth rate, whatever it is. </li>\n\n\n\n<li>Gross margin. This is Gross Profit divided by Revenue. For a restaurant 70% gross margin makes sense. For a supermarket, 25% is more realistic. </li>\n\n\n\n<li>EBITDA margin. Hotels can have a 60% EBITDA margin. Wholesale businesses, probably less than 15%. </li>\n</ol>\n\n\n\n<p>Every business will have a few additional key numbers that you need to sense check. For SaaS businesses, sense-check customer acquisition costs and churn rates. Regarding hotels check occupancy rate assumptions and average room rates. For manufacturing businesses cost of materials, etc.  Sense-check the assumptions that have the highest impact on your business results for your type of business. </p>\n\n\n\n<h2 class=\"wp-block-heading\">Final thoughts on the financial planning process</h2>\n\n\n\n<p>Financial planning can seem complex and scary if you have never done it before. But with the <a href=\"https://www.modeliks.com/features/financial-planning-software\">right tools</a>, anyone can create a professional financial plan. </p>\n\n\n\n<p>Whether you are a startup or an established and successful business, a financial plan will help you think through every aspect of your business and find ways to improve it. It will help manage your business better by setting clear targets for everyone in the company and tracking performance against those targets. It will help you make informed decisions and evaluate new initiatives. And it will help you raise funds, if you need them.&nbsp;&nbsp;</p>\n\n\n\n<p>If you need a financial plan, check out <a href=\"https://modeliks.com/\">Modeliks</a>, a financial planning a performance tracking software for SMEs and startups. </p>\n\n\n\n<p>Author:<br><a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noreferrer noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n\n\n\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"financial-planning-process-explained","date":"2025-01-24T09:50:31","categories":{"nodes":[{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":null},"tags":{"nodes":[{"name":"business planning"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"small business"},{"name":"startups"}]},"featuredImage":{"node":{"id":"cG9zdDo4NDcy","sourceUrl":"/images/cms/getty-images-EUykNk8-9yo-unsplash.jpg","altText":"financial planning process"}},"seo":{"metaDesc":"Are you in need of an explanation on how the Financial Planning Process works? How to do it? Look no further."},"modified":"2025-01-24T09:50:38","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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