Does LivePlan track past performance?

Updated on Jul 29, 2016

LivePlan's financial model currently does not incorporate past performance. We agree that would be a nice addition, and it has been on our list for consideration. So far it has been supplanted by other priorities. About 80% of our customers are startups, so much of our feature development has been weighted in that direction.

For existing companies, LivePlan uses a Starting Balances input that represents your total assets, liabilities, and equity as of the start date of your plan. You can learn more about this entry point by reading Entering starting balances for an existing business.

We recommend that you set start date of your forecast to the beginning of your current fiscal year, so that your projections are all forward-looking numbers. Then, to include some past data in your plan, we recommend a couple of different options:

  • You could export a profit and loss statement representing your previous years from QuickBooks (or whatever accounting software you use), and include that with your plan. Depending on how you'll be sharing your plan, you can either provide the financial history as a separate file or printed document, or you could use a free PDF stitching utility to combine those pages with a PDF of your finished plan. Let us know if you'd like some help with that.
  • Alternatively, you might want to create a table that represents your past performance, using Excel or another table-creation tool. If you take a screen capture of this table, you can import it into your plan in the form of an image. You can easily create a custom topic, add it to your plan outline, and title it "Past Performance." Then you can import your table image there.