global financial bridge · data access options 1. load a company from quickbooks. make sure...
TRANSCRIPT
Global Financial Bridge
Users Guide
Getting Started
Data Access Options
1. Load a company from QuickBooks. Make sure QuickBooks is open in the company you want to import.
2. Create a stand alone company if you want to input data from a set of financial statements.
3. Open an exiting GFB data set.
Getting Data From QuickBooks®
Click the load button
Data Mapping Screen
Classify button = change the default account location
QuickBooks Account
GFB account location
Import - the last stepThe year you want
data to start being
imported from
The year you want
data to start being
imported from
It’s done
The Starting Point – called the data capture sheet
The data capture sheet after the
completion of the import process
Data Loading Functionality
Opening the + sign shows the account details
The data loading screen allows the source data view.
Access the One Page Scorecard
Choose the period you wish to view in
the One Page Scorecard
Press Scorecard
The One Page Scorecard
Current period numbers
Metrics that define business performance
Click on any performance category to expand the details of the performance category
Performance Category ExpandedClick the
performance box to expand the details of the box or to
do the required “what
if”
Performance Category Expanded (cont.)
Working Capital
explained(Change any of the working capital days to see the impact)
Performance Category Expanded (cont.)
Cash flow and
structure
Doing “what ifs”You can road test any strategy or multiple strategies by changing any item in…
1.The income statement or balance sheet
2. Any editable performance measure
Example: Change revenue growth to 30%
After doing a “what if”
The scorecard re-calculates based on the change. Showing the picture after the change. Press the net change button to see the difference
Net Change View
Press scorecard and “Undo”to return to the original data
“What if” Techniques
Revenue Quality “what if”To increase revenue growth go to the net change view to determine if additional volume is cash generating or absorbing.
Profitability “what if”Identify the best performance over all review periods. Use these metrics to change the profitability measures. Use the net change to see the impact.
“What if” Techniques (cont.)
Working Capital OptimizationIdentify the best performance over all review periods. Use these metrics to change the working capital measures. Use the net change to see the impact.
Combination “what if” (Improvement Opportunity)Combine the best measures in the profitability and working capital. Do a net change to identify the financial opportunity that can be derived by inputing the best measures the company has already done.
“What if” Techniques (cont.)
The challenge “what if”Improve measures that you believe the business could perform against. Do the net change to determine the stretch goal.
Graphing Click on the performance
measure you want to graph then press the “Graph It” button
Click on the performance
measure you want to graph then press the “Graph It” button
Explain It 1. Click on the ratio you want further information on
2. Click on the “Explain It”button
Cash Flow and “what ifs”
The following performance variables were changed:
1.Revenue Growth from 23.33% to 30% net change ▲6.67% improvement
2.Variable COGS % from 62.16% to 61% ▲1.16% (improvement)
3.Days Inventory from 122 days to 100 days ▲22 day improvement
4. Press “Reports” to select cash flow statement
Resulting Cash Flow statementFirst column (data entry) is the actual data without any changes.
The second column is the cash flow based on all the “what if” or changes made to the scorecard.
The third column is the difference. This is most helpful in explaining why cash changes when different decisions are made in the business.
Save, Print and Exit
“Save” is the big one, if you press “Save” this will CHANGE your ORIGINAL data in the loading screen. Use it only if you want to save a potential strategy for future reference. If you do so use the “Save As” feature and save as a new name, my fast growth strategy.gfb, for example.
Creating a Budget
In Data loading screenClick “Add a Period”Enter the start date and the number of months you want to budget forCheck the “Budget” boxClick the “Wizard” button
Creating a Budget (cont.)
1.Enter the key variables that you believe will be performed during the budget year.
2. Press “Save”.
Selecting the Scorecard View
1. Determine the period you want to view in the Scorecard.
2. Click on the column underneath the period heading.
3. Press the “Scorecard” button.