Stay on top of your finances
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Managing finances can feel overwhelming, especially when you’re wearing multiple hats. If accounting isn’t your strength, don’t worry—you’re not alone. But planning your cashflow (money coming in and out) and tracking profit (income minus expenses) are crucial for success.
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Monitoring your actual results against projections is vital too. Poor cashflow planning is one of the main reasons businesses fail, so staying on top of it is essential.
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Cove simplifies financial management with clear cashflow and profit projections, plus easy-to-read graphs to help you understand and stay in control of your business finances.
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Build your financial plan
Creating a financial plan doesn’t have to be daunting! To get started, you’ll need a few key details:
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Your selling price for each item.
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How many you expect to sell, and when.
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What you need to buy for each item sold.
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All your other monthly costs.
Cove makes it simple by guiding you through a 2-year monthly plan, step by step - no accounting knowledge required! You can also enter or import your actual figures and compare them to your plan with easy-to-read reports.
See the results
Cove turns your financial data into clear, easy-to-understand graphs and reports. You'll see:
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How much money you expect to make each month.
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How much you're actually making.
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Whether there’s a risk of running out of cash.
If a problem appears, you can adjust your financial data, explore solutions, and add new tasks to your activity board to stay on track.