Profit & Loss
Magnifi is game-changing financial forecasting software.
Many small to medium business will use Xero for their accounting. Some have financial projections & very few have dashboards to analyse key trends. This is surprising given the ABS reports that 49% of businesses fail within 5 years & the main cause of failure (44%) is poor financial management. The reason SME’s don’t have a management reporting solution is they’re either too difficult or existing software doesn’t report on the information that it important to them.
Integrated Management Reporting
Our management reporting system is an integrated solution involving Xero (historical reporting), Magnifi (financial forecasting) and Zoho (analytics/dashboards). With minimal setup for Magnifi & Zoho, once established, you will have a tailored solution that your client will love!
Project income at a KPI/Driver level for meaningful income projections – eg # units x average $/unit.
We import employee data to project labour costs including pay rates, hourly rates and start/end dates to keep the projections relevant.
Copy across function to automatically copy values into the future and change start month at any time to view projections.
Import actual results to re-forecast the projections. We also store your original projections and you can compare your actual results to the original projections or the revised forecasts.
Multi Level reporting
Consolidations/Divisional reporting within the one file is a breeze.
Actual v Budget Analysis
Very flexible reporting allowing a range of comparisons including actual v budget and prior year data.
What-if Analysis & Break-Even Analysis on a divisional or consolidated basis.