P&L, Cash Flow, and Balance Sheet
A three-statement model that keeps up with your actuals
Prompt Clive to produce your financial statements at any level of detail. Compare budget, forecast and actuals in one model, and refresh them as each month closes.
Structure
Build the model
Define a figure like net income once, then use it wherever it appears, instead of relinking three files every cycle.
- Create the P&L from a roll-up of your detailed revenue and cost budget
- Derive the balance sheet from assumptions you set: days to collect, days of stock, days to pay, FX rates by currency
- Calculate cash flow from the P&L and balance sheet movements
Review
Prepare the statements
Use your AI co-builder to compare next year's budget against this year's forecast, and package the statements up for the exec team and board.
- Produce waterfalls from this year's forecast to next year's budget across revenue, gross margin, EBIT and free cash flow
- Trace any figure back to the records behind it
- Write your commentary next to the figures it explains
Monthly refresh
Update the statements as actuals come in
Once a month closes, replace the forecast with its actuals. Give leadership actuals and forecast next to the budget they approved, on all three statements.
- Map new GL accounts to the right statement lines as they appear
- Recalculate the remaining months from the new starting position
- Reset your collection and payment assumptions if actuals show drift
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Build your next budget's statements in Clive
Start free, turn a real budget into the three statements, and see how it holds up before you commit.