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General

myfinalytics is the most advanced set of financial management tools available for small business owners. Get the information you need, presented in a way you can understand, to help you make your most important decisions as a business owner.

myfinalytics provides insights built around your company’s unique circumstances. To do this, we need access to your financial data—that is, the data found in QuickBooks Online. Your data helps us understand your story and will enable us to give you the most accurate data and analysis.

Currently our tools only support QuickBook Online users. We’re working away on integrations with other accounting software, and even paper financials. Sign up for our newsletter to stay up-to-date on when we release new integrations, or send us an email at [email protected] if you’re looking for a specific integration.

No, recovery roadmap is completely free of cost for all users. Users can come back to this tool again and again without charge. The full suite of tools is designed to work together to provide you with a complete overview of your business’s current financial situation and to help you solve a number of additional problems. We’re currently offering the full suite at the discounted price of $79.95 for the first year’s subscription.

The myfinalytics suite of tools are accessed through an annual membership with a one-time, up-front subscription. There are no hidden fees or additional charges; we won’t try to up-sell you for other services.

And remember, recovery roadmap is free of charge to all small businesses. You can sign up for recovery roadmap here.

The analysis portion of our insights is based on company data provided by you through your QuickBooks Online account. Sometimes, information like sales and expenses aren’t entered into the system with enough detail for a quality analysis. If you think any part of the analysis does not accurately reflect your business financials, email [email protected] to get in touch with one of our team members who will look into the issue right away.

The notes section is created to provide you with a simple place to make notes about the analysis and your business financials. Your notes are saved automatically, meaning you can come back to them every time you use myfinalytics.

Yes, you can schedule a 15-minute demo of the tools here. If you’d like to attend one of our in-depth upcoming webinars, check our events calendar to register.

No, our team does not offer financial consulting at this time.

Tool 01
recovery roadmap

recovery roadmap provides you with a clear picture of how your business fared in 2020 compared to 2018. It allows you to take stock of the challenges currently facing your business, uncover hidden strengths, and helps you plan for a successful recovery in 2021. The tool is not limited to only 2020—you will also have access to insights from previous years as well.

Our system starts with a state-of-the-art analysis of your financial data. We go beyond the numbers, leveraging decades of collective in-house experience to translate data into real-world situations faced by small businesses. We are constantly working to improve our data science and human insights to serve you better.

The scatter plot gives an in-depth scenario of changes in business over a 2 year comparison of sale and expense, denoted by different colors in the graph. The buttons on the right give the user the ability to zoom in and deep dive onto a particular sale or expense. Hovering over the tool will give the specific detail for that transaction. The more time you spend exploring individual transactions, the better your understanding will be of the whole picture.

The forecast of growth metrics was designed using an in-house time series model based on the data available to your account. The model considers the seasonality in your sales as well as other factors to give a range of forecasted values. The model is grounded in data science and continuously optimized to best reflect your business growth.

A margin of safety is the amount that your sales levels can drop before you reach break-even sales. This will be demonstrated in our recovery roadmap tool.

  • The forecast does not consider business decisions outside the scope of the recorded financial sales data that you provide.
  • The forecast accuracy depends on several factors and is expected to change as myfinalytics improves the model and business environment changes.
  • The analysis is created to help your business recover from the impact of the pandemic using a specially designed growth strategy.
  • The analysis from the recovery roadmap is a result of analysis from other tools. To see all assumptions taken, please refer to each specific tool.
Tool 02
customer insight

customer insight provides an in-depth look at your current product and customer mix, a clear snapshot of the customers you lost and gained in 2020, and identifies growth opportunities for your business.

A missed opportunity is calculated based on business lost between 2019 and 2020 (a two year period). This could be the result of a customer cutting back purchases in 2020, or who left you entirely. The list is populated based on the absolute dollar value of business lost.

The scatter plot gives an in-depth scenario of changes in customers over a two year comparison with growth and decline denoted by different colors in the graph. The buttons on the right give the user the ability to zoom in and deep dive onto a particular sale or expense. Hovering over the tool will give the specific customer details like sale values, frequency of business, and last invoice. The more time you spend exploring individual transactions, the better your understanding will be of the whole picture.

We’ve selected your top five customers to display on your revenue analysis. The rest of your customers are grouped together in the “others” category. This lets you clearly see who your biggest customers are and how much of your total sales come from them.
The analysis tab will provide you with the complete picture of your customer’s revenue split.

The top invoiced item is based on the total sale amount on an invoice across different invoices in a year.

The customer insight dashboard is based on the assumption that all invoices and expenses have been recorded in QuickBooks.

Tool 03
bank p.o.v.

The bank p.o.v. tool allows you to see your business the same way your bank sees it. Never be in the dark again about what your bank looks for when making a loan decision. You will clearly see your financial strengths and weaknesses and we help you plan ahead for a promising approval when you’re ready to take out a loan.

The tool reflects underwriting standards common among banks. The summary judgement reflects the overall picture based on all 6 parameters. Each bank sets its own standards and may use measures that are similar, but slightly different, from the ones presented here. The tool allows you to make adjustments to the calculation based on feedback you’ve received from a lender.

The analysis portion of our insights is based on company data provided by you through your QuickBooks Online account. Sometimes, information like sales and expenses aren’t entered into the system with enough detail for a quality analysis. If you think any part of the analysis does not accurately reflect your business financials, email [email protected] to get in touch with one of our team members who will look into the issue right away.

The loan serviceability chart shows how a bank evaluates the right amount of debt your business can take on. It shows a total debt capacity based on the company’s net worth and also looks at your business’s ability to make debt payments under some common scenarios.

The sliders provide an opportunity to evaluate the impact of a loan on your business financials. It’s a hypothetical evaluation to check for the stamina of your finances under different thresholds. You can use this feature to test future scenarios. You can also use the feature to alter the loan conditions based on feedback you’ve received from a lender.

The main assumption is that the 6 parameters showcase the overall effect as viewed by a banker. Additionally, the loan serviceability assumes the current state of cash flow and does not consider any future business developments.

Tool 04
loan advisor

The loan advisor tool provides you with the insights you need when shopping for a loan; a true apples-to-apples comparison of different loan offers, different loan types, and a straightforward description of the total cost of a loan. Our transparent loan advisor tool will warn you of any high-cost loan offers, and for the first time ever (anywhere!), will display a clear picture of how a loan fits your business’s financial condition and the impact it will have on your bottom line.

Think of loan advisor as a universal loan calculator (although it is so much more). You can use it to compare standard term loans and lines of credit. Beyond that, you can compare other offers, like trade credit, factoring and “Merchant Cash Advance” (MCA) and get an apples-to-apples answer.

Annual Percentage Rate (APR) – The annual rate of interest charged for your business loan.

A high-cost loan is one in which the annual percentage rate (APR) exceeds rates currently available to a broad segment of small businesses.

A high processing fee signifies the additional upfront cost incurred by you while taking the loan. This fee adds to the interest rate and the overall cost of the loan.

The rate comparison chart showcases the interest payment variation for different interest rates. The chart is built to explain the gap in interest payment with a small reduction in the APRs of different loans.

The sliders give an opportunity to evaluate the impact of a loan on your financials. It is a hypothetical evaluation to check for stamina of your financial situation under different thresholds.

The tool takes into account the current position of the cash flow and income and does not account for any future projections or expectations.