The wizards are a good option to step you through the process and can be accessed by clicking on the wand that appears on the menu bar,

For organisations using the Capacity feature, we suggest you follow the "Quick Setup" wizard to produce a high level forecast and capacity plan. You can then follow the "Setup Profit Projection" wizard to complete the Profit & Loss Projection.

For organisations not using capacity, you can follow the "Setup Profit & Loss Projection". 

Setting up a new file will broadly follow these steps;

1.  Decide on the best file structure. 

2. Import Chart of Accounts and assign to the Magnifi Account Categories.

3. Add/Import Employees

4. Project Labour Costs using Labour Drivers

5. Project Income and other Costs under Projections. Use Income Drivers for more detailed Income Projections.

You can then setup the Balance Sheet Projection and produce a Cashflow Forecast. 

For organisations using the Capacity features, visit Employee Capacity to calculate the projected Capacity.