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9:T86a5,{"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":"cG9zdDoxMjEwMg==","title":"Интеграција на Modeliks со Pantheon ERP: Автоматска анализа на финансиски податоци за подобра профитабилност","content":"\n<h2 class=\"wp-block-heading\">Интеграцијата на Modeliks со Pantheon ERP е официјално активна и им овозможува на компаниите автоматска анализа на финансиските податоци во реално време.</h2>\n\n\n\n<p>Со оваа интеграција, компаниите добиваат брз и јасен увид во своите перформанси, без потреба од рачна обработка во Excel или сложени извештаи.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Што овозможува интеграцијата Modeliks + Pantheon?</h2>\n\n\n\n<p>Modeliks автоматски ги презема податоците од Pantheon ERP и генерира напредни извештаи и анализи, како што се:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Анализа на профитабилност (тековен период, претходна година, план vs реализација)</li>\n\n\n\n<li>Анализа по производ, клиент, оддел, регион или продажен канал</li>\n\n\n\n<li>EBITDA bridge анализа за разбирање на промените во профитот</li>\n\n\n\n<li>Следење на приходи, трошоци и маржи во реално време</li>\n\n\n\n<li>Анализа на попусти и нивното влијание врз профитабилноста</li>\n\n\n\n<li>Трендови на продажба и перформанси по производ и клиент</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\">Клучни придобивки за компаниите</h2>\n\n\n\n<p>Со Modeliks и Pantheon ERP, компаниите можат:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Да донесуваат побрзи и подобри бизнис одлуки</li>\n\n\n\n<li>Да ја зголемат профитабилноста преку идентификација на проблеми</li>\n\n\n\n<li>Да ги оптимизираат трошоците и ценовните стратегии</li>\n\n\n\n<li>Да креираат финансиски план автоматски за само 10 минути</li>\n\n\n\n<li>Да следат план vs реализација без рачна работа</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\">Зошто е важна оваа интеграција?</h2>\n\n\n\n<p>Повеќето компании имаат податоци, но немаат јасен увид.</p>\n\n\n\n<p>Интеграцијата на Modeliks со Pantheon ERP ги трансформира финансиските податоци во конкретни препораки и активности.</p>\n\n\n\n<p>Наместо само извештаи, добивате одговори:<br>што се случува, зошто се случува и што треба да направите.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Заклучок</strong></h2>\n\n\n\n<p>Modeliks + Pantheon ERP не е само интеграција —<br>тоа е комплетно решение за финансиско планирање и менаџерско известување.</p>\n\n\n\n<p>Вашите финансиски податоци конечно почнуваат да зборуваат —<br>и ви покажуваат како да заработите повеќе.</p>\n\n\n\n<p>⏱️ Дознајте за неколку секунди, било кога, од било каде.</p>\n\n\n\n<p>📩 Контакт: blagoja.hamamdjiev@modeliks.com</p>\n\n\n\n<p><strong>Modeliks + Pantheon ERP Integration: Automated Financial Data Analysis for Better Profitability</strong></p>\n\n\n\n<p>The integration between Modeliks and Pantheon ERP is now officially live, enabling companies to automatically analyze their financial data in real time.</p>\n\n\n\n<p>With this integration, businesses gain fast and clear insights into their performance—without manual Excel work or complex reporting processes.</p>\n\n\n\n<p><strong>What does the Modeliks + Pantheon integration enable?</strong></p>\n\n\n\n<p>Modeliks automatically pulls data from Pantheon ERP and generates advanced reports and analyses, including:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Profitability analysis (current period, previous year, plan vs. actual)</li>\n\n\n\n<li>Analysis by product, customer, department, region, or sales channel</li>\n\n\n\n<li>EBITDA bridge analysis to understand changes in profit</li>\n\n\n\n<li>Real-time tracking of revenue, costs, and margins</li>\n\n\n\n<li>Discount analysis and its impact on profitability</li>\n\n\n\n<li>Sales trends and performance by product and customer</li>\n</ul>\n\n\n\n<p><strong>Key benefits for companies</strong></p>\n\n\n\n<p>With Modeliks and Pantheon ERP, companies can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Make faster and better business decisions</li>\n\n\n\n<li>Increase profitability by identifying issues early</li>\n\n\n\n<li>Optimize costs and pricing strategies</li>\n\n\n\n<li>Automatically create a financial plan in just 10 minutes</li>\n\n\n\n<li>Track plan vs. actual performance without manual work</li>\n</ul>\n\n\n\n<p><strong>Why is this integration important?</strong></p>\n\n\n\n<p>Most companies have data—but lack real insight.</p>\n\n\n\n<p>The Modeliks + Pantheon ERP integration transforms financial data into clear recommendations and actions.</p>\n\n\n\n<p>Instead of just reports, you get answers:<br>what is happening, why it’s happening, and what to do next.</p>\n\n\n\n<p><strong>Conclusion</strong></p>\n\n\n\n<p>Modeliks + Pantheon ERP is not just an integration—<br>it’s a complete solution for financial planning and management reporting.</p>\n\n\n\n<p>Your financial data finally starts to speak—<br>and shows you how to make more money.</p>\n\n\n\n<p>⏱️ Find out in seconds, anytime, from anywhere.</p>\n\n\n\n<p>📩 Contact: blagoja.hamamdjiev@modeliks.com</p>\n\n\n\n<p></p>\n","slug":"modeliks-pantheon-erp-integration-financial-data-analysis","date":"2026-04-28T05:10:13","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":null},"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":"cG9zdDoxMjA5Mg==","sourceUrl":"/images/cms/viber_image_2026-04-27_12-54-25-919.jpg","altText":"Modeliks and Pantheon ERP integration announcement showing logos and message that the integration is now active"}},"seo":{"metaDesc":"Automate financial analysis with Modeliks and Pantheon ERP. Get real-time insights, improve profitability, and make smarter business decisions effortlessly."},"modified":"2026-04-28T05:56:23","related":null},{"id":"cG9zdDoxMjA4NQ==","title":"Driver-Based Financial Planning for Restaurants: Why Table-Turns Matter","content":"\n<h2 class=\"wp-block-heading\">Why Restaurant Profit Margins Are So Tight?</h2>\n\n\n\n<p>Running a restaurant is one of the most rewarding and most challenging businesses out there. Dining rooms fill up every weekend, but behind the scenes, operators fight to control costs, forecast demand, and protect razor-thin margins.</p>\n\n\n\n<p>According to industry benchmarks, <strong>average restaurant net profit margins range from just 3% to 6%</strong> for full-service establishments, while quick-service restaurants may perform slightly better. Small improvements in efficiency or revenue drivers can be the difference between struggling and thriving.</p>\n\n\n\n<p>That’s why <strong>driver-based financial planning</strong> is becoming essential for restaurant owners, accountants, and consultants. Instead of relying on static spreadsheets or simple revenue projections, it ties <strong>operational drivers</strong> directly to financial outcomes — giving decision-makers more clarity and control.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">What Is Driver-Based Planning?</h2>\n\n\n\n<p>Driver-based planning connects the key operational levers of your restaurant (the “drivers”) with your financial statements and forecasts.</p>\n\n\n\n<p>Instead of saying <em>“we’ll grow revenue by 10%”</em>, you ask:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How many table-turns per service can we realistically achieve?</li>\n\n\n\n<li>What’s the average check size per guest?</li>\n\n\n\n<li>How many staff hours do we need at different times of the day?</li>\n\n\n\n<li>What’s our food cost percentage and how much waste do we allow?</li>\n</ul>\n\n\n\n<p>By building financial models around these real-world inputs, you create forecasts that are <strong>more accurate, more dynamic, and easier to explain</strong>.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Key Drivers Every Restaurant Should Track</h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. Table-Turns</h3>\n\n\n\n<p>Table-turns measure how many times a table is occupied during a meal service.</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fast casual restaurants:</strong> ~3–4 turns per period</li>\n\n\n\n<li><strong>Family dining:</strong> ~3 turns</li>\n\n\n\n<li><strong>Fine dining:</strong> 1–2 turns</li>\n</ul>\n\n\n\n<p>👉 Increasing table-turns by even 0.2 per service can significantly lift revenue without adding more seats.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h3 class=\"wp-block-heading\">2. Average Check Size</h3>\n\n\n\n<p>Your average check is simply:<br><strong>Total revenue ÷ Number of covers served</strong></p>\n\n\n\n<p>Upselling, smart menu engineering, and bundles can lift check size by 10–15% &#8211; directly boosting top-line revenue.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h3 class=\"wp-block-heading\">3. Food Cost % and Waste Control</h3>\n\n\n\n<p>Food costs typically range between <strong>25%–35% of revenue</strong> depending on concept. Tracking recipe yields, supplier prices, and waste levels helps protect gross margins. Even a 1–2% reduction in waste can translate into meaningful profit improvements.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h3 class=\"wp-block-heading\">4. Labor Costs and Utilization</h3>\n\n\n\n<p>Labor is often the single largest controllable cost in restaurants &#8211; commonly <strong>25%-35% of revenue</strong>. By modeling staffing against expected covers and dayparts, owners can avoid overstaffing during quiet hours and understaffing during peak times.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Why Driver-Based Planning Matters</h2>\n\n\n\n<p>When restaurants model table-turns, average check size, food cost %, and labor as part of their financial forecasts, they get:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>More accuracy</strong> &#8211; forecasts that reflect real-world operations</li>\n\n\n\n<li><strong>More insight</strong> &#8211; clear variance analysis when performance shifts</li>\n\n\n\n<li><strong>More control</strong> &#8211; ability to test “what-if” scenarios before making changes</li>\n</ul>\n\n\n\n<p>Example:<br>A small 80-seat restaurant increases average check size by 5% (from $25 to $26.25) and improves table-turns from 3.0 to 3.2 per service. Combined, that’s nearly a <strong>10% uplift in revenue</strong> without expanding staff or space.</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 Restaurants</h2>\n\n\n\n<p>Traditionally, building driver-based models requires complex spreadsheets and formulas. With <strong>Modeliks</strong>, restaurant owners and their advisors can:</p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Build driver-based forecasts around covers, table-turns, average check, and costs</li>\n\n\n\n<li>Generate automated financial statements (P&amp;L, Balance Sheet, Cashflow)</li>\n\n\n\n<li>Track <strong>Actual vs Plan vs Previous Periods</strong> in real-time</li>\n\n\n\n<li>Allocate head office costs across units or locations for true profitability insights</li>\n\n\n\n<li>Create dashboards for management reporting with variance analysis, KPIs, and ratios</li>\n</ul>\n\n\n\n<p>Modeliks removes spreadsheet chaos and helps restaurants move from <strong>guessing to planning</strong>.</p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion</h2>\n\n\n\n<p>Restaurants don’t live and die by revenue &#8211; they succeed or fail based on their drivers. By planning around <strong>table-turns, check size, food cost, and labor utilization</strong>, operators can make confident decisions and unlock profitability.</p>\n\n\n\n<p>With the right tools, each restaurant owner can turn complex financial planning into an actionable framework.</p>\n\n\n\n<p>👉 Want to see how driver-based planning works in practice?<br>Start your <a href=\"https://www.modeliks.com/pricing\"><strong>15-day free trial</strong>, choose a plan</a>, or contact us on: <strong>contact@modeliks.com</strong> for a demo session.</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":"driver-based-financial-planning-restaurants","date":"2025-09-29T08:31:17","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":null},"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":"cG9zdDoxMjA4Ng==","sourceUrl":"/images/cms/getty-images-q14onzK8wEg-unsplash.jpg","altText":"Driver-based financial planning for restaurants"}},"seo":{"metaDesc":"Discover how driver-based financial planning helps restaurants boost profitability. Learn why table-turns, average check size, food cost, and labor planning matter."},"modified":"2026-04-27T13:15:31","related":null},{"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}]}2:["$","$L8",null,{"post":"$9"}]
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