How the Financial Plan works
Holded's Financial Plan provides you with a comprehensive view to manage and project your financial goals.
You can use the Goals and Cashflow tools synchronously, navigating between the two views to project and analyze data consistently, or use them independently according to your business needs.
To get started, go to Analytics > Goals or Treasury > Cashflow, and follow the steps below to get the most out of the Financial Plan.
1. Initial setup
The first time you log in, perform the basic setup by defining the key variables, such as standard payment and collection deadlines, VAT rate and regime, personal income tax and social security percentages, and account groups.
Holded will use this information to create your cash budget tailored to your company's needs.
Although you can adjust this setting later, doing so initially ensures that the financial information is properly aligned with your business structure and objectives.
2. Create goals
Once setup is complete, set and adjust your financial goals, including monthly income and expense goals, to guide your decisions and evaluate your business performance.
Learn how to create goals in this article.
3. Manage additional scenarios
Finally, you can create and compare additional scenarios to explore different projections based on variations in income or expenses. This allows you to prepare strategies for different financial situations and adapt to potential changes.
Learn how to create scenarios here.
Browse the table and chart
On the main screen, you will see a table showing your business data, both what has already happened (what you have accomplished) and the goals you have set for the future.
The table has two modes:
Display (default mode): shows the data “actual” in the past months (accounting in Targets, payments in Cashflow), and the “goal”, in the current and future months.
Editing: double-click on a cell to enter a goal, or go to the three-dot menu (⋮) > “Edit targets”. Once edited, click “Save”.
☝🏼 The goals you enter in the Goals view are automatically projected in Cashflow, but you can manually adjust them or customize Holded's projections. Learn more here.
Color codes and formats in the table
To correctly interpret the table, keep the following codes in mind:
Figure in parentheses: represents a negative amount.
The yellow cell indicates that you have edited a goal, in edit mode, but have not yet saved it.
The underlined figure: indicates that you have edited and saved the value. It appears both in the Initial Cashflow Balance Sheet and when editing a projected Cashflow target.
Cells with red dot: in the Cashflow view, the figure reflects what has been completed for the month in question (paid or collected), although there is still a portion to be settled.
Customize the chart
At the top, you will see a line chart showing the information in the table. You can hide or show it with the "show chart" button, and customize the view from the gear icon in the upper right corner.
The chart includes three lines representing:
The actual (solid line).
Goals (dashed line).
Forecasts (solid line up to the present, then dashed), show the concatenation of data realized up to the last month and the projected objectives for future months.
Check or uncheck the boxes for “Income”, “Expenses” or “End of month result” (in the Objectives view), or “Inflows”, “Outflows” and “End of month balance” (in Cashflow) to adjust the display.
You can also select the scenarios you want to compare by checking or unchecking the boxes at the top. Each scenario will be displayed in a different color.
You can only compare two scenarios at a time, one of them being the scenario you are currently in. The first scenario will always be selected and cannot be unchecked, as it will be the one used as a reference for the comparison.