Guidance on Entering Assumptions
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These topics give detailed guidance on entering assumptions into the assumption reports, opening Balance Sheet and prior-year Income Statement. For illustrative purposes, the $ currency symbol and 000s denomination and US/Canadian terminology have been used. US/Canadian terminology is used so bear in mind the following differences if using UK/International formats:
Income Statement becomes Profit & Loss or P&L.
Inventory changes to Stocks
Receivables become Debtors
Payables become Creditors.
Basics of Entering Assumptions
Exl-Plan contains many variables and features that may not be required by users. These can be left blank or with zero values as Exl-Plan runs satisfactorily with only minimal assumptions relating to sales, costs, etc., together with an opening balance sheet which, in the case of a startup, can show zeros throughout.
Note the following:
Exl-Plan's assumption reports can be easily extended to accommodate additional details and other variables - see Making Simple Changes for guidance on extending Exl-Plan.
Help with Assumption Reports
Help on entering assumptions is presented for each assumptions report as follows:
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