FastCast for Ventures Short Description:
FastCast For Ventures easily does what all successful businesses do; it prepares
FastCast for Ventures Long Description:
FastCast For Ventures easily does what all successful businesses do; it prepares financial forecasts for twelve monthly periods, four quarterly periods, or five annual periods with supporting schedules and graphs to satisfy any inquiring reader.
FastCast For Ventures is a financial forecasting program for all businesses large and small no matter what product or service they provide. It is equally useful for existing companies that need to forecast their future financial needs and start-up companies seeking capital from banks or venture capital organizations. FastCast calculates cash and other financial needs five years into the future based on any assumptions about the future you make. If you change one assumption changes are automatically made in all future forecasted balance sheets, statements of income and retained earnings, and statements of cash flow. Changes are also immediately reflected in supporting schedules and graphs of significant financial ratios.
Many companies project future financial needs by using esoteric economic models. These models are widely available but they often ignore the interplay between financial components. They produce pretty charts and graphs but do not display real time forecasts in the format financial people are accustomed to seeing. FastCast is gimmick free. Financial forecasts are presented in generally accepted financial statement formats. Readable, coherent, financial forecasts into the future are essential to the survival of any business.
FastCast For Ventures was developed by a certified public accountant and certified financial planner with more than thirty years of practical experience.
FastCast is based on "turnovers", an expression familiar to most financial forecasters. Before entering hard data the program asks you enter turnover periods (in days) for accounts receivable, inventory, accounts payable, accrued payroll, and accrued expenses. For instance if you turn over your accounts receivable six times a year you will enter 60 in the "Days sales in receivables" category. FastCast provides flexibility for seasonal businesses. For instance a business with high sales in the summer months may have a greater number of days sales on the books at the end of July, August, and September than it does in January. FastCast allows you to project financial needs on a monthly basis as your business grows or sales vary for other reasons.
FastCast will also calculate federal and state income taxes if you so elect. The end product is a potpourri of financial data that can be used to guide your business.
FastCast has a unique tax computation feature. You can elect to have the template compute income taxes applicable to each forecasted period or you can elect not to have taxes computed. With this feature you can select the best form of business entity to suit your business needs. You can see what future financial statements will look like as a "C" corporation, or an "S" corporation or partnership at the touch of a button.
FastCast For Ventures is an excellent investment for any business large or small, new or old. FastCast builds forecasted financial statements in an organized and concise manner. There is no better program to prepare financial forecasts for internal use or external presentation. The beauty of the program is the ease of making changes. Arithmetic calculations are eliminated forever. Create as many scenarios as you like by merely changing one or more variable assumptions. Run FastCast over and over until you arrive at a forecast you consider achievable. FastCast is a program that will pay dividends for years to come.