Detailed Guidance on Generating Projections
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To use Exl-Plan to make projections for a particular business, follow this four-step procedure:
Note that calculation errors should be ignored until the step for Enter Prior-Year Income Statement & Opening Balance Sheet has been completed.
Regularly use File > Save to make file copies when building a model. In addition to saving the current file, make copies using incrementing file names e.g. PLAN-1, PLAN-2 and so on. This will help ensure that if a serious error arises within your projections, it will always be possible to revert to an earlier error-free version.
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