article thumbnail

How to create & use pro forma statements

Cube Software

These financial modeling tools are one of the most important to help a company prepare for any kind of scenario imaginable and map out a future trajectory. Pro forma statements are financial projections that ask and attempt to answer "what if" questions. A pro forma invoice is not a type of pro forma financial statement.

GAAP 40
article thumbnail

Centage vs Excel: End your spreadsheet dread

Centage

hours for every report On-the-fly what-if scenarios 2-3 days per model Model major changes in hours >2 days for every what-if scenario “Prior to Centage I’d have a spreadsheet with 20 tabs, all of which were linked to a GAAP-based P&L on the first tab.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Breaking Down the FP&A Function of the CFO Suite

BlueLight

The Controller is responsible for generating the three main financial statements and ensuring these statements comply with GAAP and other regulatory requirements. FP&A is responsible for strategic planning, decision support, and financial modeling.

article thumbnail

The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

Data Visualization: Graphs, charts, and visual representations of financial data to help users better understand trends, patterns, and insights. Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Anaplan is an innovative and powerful tool that businesses may find can genuinely transform financial modeling within their enterprise. Automated reporting also enforces compliance with GAAP and IFRS standards.