US 2010/0145768 A1 · SYSTEM AND METHOD FOR PROJECTING FINANCIALS AND FINANCIAL PROJECTIONS WIZARD

Abstract

System and method for projecting financials in the form of a financial projections wizard asks a franchise operator to identify anticipated sales and expenses over a period of years and produces an income statement from the answers provided for subsequent use by potential investors. Various features of the financial projections wizard includes simplified selectable answers, ease-of-use, assessment and identification of discrepancies in the numbers provided, acceptance of user identification of anticipated sales and other projected values in non-annual terms, and a series of questions specifically designed to assist and enable non-financially sophisticated franchise operators in producing a reliable multiple-year income statement.

Claims54

Dependent claims

A financial projections system, comprising:

an operator interface for presenting information to an operator of a franchise business and for receiving from the operator input data;
and
an income statement generator in communication with the operator interface and adapted to control the operator interface to present a plurality of questions related to an anticipated performance of the franchise business over a plurality of years and to receive from the operator answers to each of the presented questions;
the income statement generator generating an income statement containing financial terms corresponding to the operator answers to the presented questions.

1 more element

A method of generating an income statement, comprising the steps of:

controlling an operator interface to present to an operator of a franchise business a plurality of questions related to an anticipated performance of the franchise business over a plurality of years;
receiving from the operator via the operator interface answers to each of the presented questions;
and
generating an income statement containing financial terms corresponding to the received answers to the presented questions.

1 more element

Dependencies are inferred from the claim text.

Facts

Application

12/329,379Filed 5 Dec 2008

Published

10 Jun 2010

Term ends

Not estimatedThe source records don’t support an estimate.

Classification5 codes

G06Q 30/02
Commerce: marketing; Price estimation or determination; Fundraising
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q 40/06
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: asset management; Financial planning or analysis
G06Q 40/12
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: accounting

System and method for projecting financials and financial projections wizard

Life of this patent

System and method for projecting financials and financial projections wizard

Life of this patent

Abstract

Claims54