Creating A Period Record

Entering Financial Data

By following these instructions, you’ll set up your company profile in “The Clear Path To Cash” app, allowing you to access the app’s features and perform financial analyses tailored to your business. This initial setup is essential for accurate calculations and industry-specific comparisons.

Instructions for Entering Financial Data

Managing financial data with “The Clear Path To Cash” app is a straightforward process. To accurately record and analyze your financial information, follow these simple steps:

1. Add a Period Record:

– Begin by logging into your “The Clear Path To Cash” app account.

– Navigate to the “Financial Data” section for data entry.

– Click the “Add Period” button to initiate the process of adding a new financial period record.

Enter Period Name

You can use the naming feature to keep your records straight. For example, if you want to use the 12-month rolling period as a “Year” Date Type, you might consider using the word “rolling” in the Name.
For example, you can name a period record “Rolling 12 Months (July 2022 – June 2023)” (YEAR). To represent a Period that covers financial data between July 2022 and June 2023, with a Date Type of YEAR.

Enter Last Day of Period

This date is used to organize the chonology of the period records you create for this company. It helps put them in the right order for calculations, charts and graphs throughout the app.

Enter Date Type

Date Types are used to classify each record for a specific time period. You can choose between: YEAR, QUARTER, MONTH, or YEAR TO DATE.
When selecting the “Date Type”, consider only comparing Period Records with the same “Date Type” to be consistent in your analysis.