Finance: planning, payroll and plans

1. 1

   Open Planning

   Under Budget vs. actual, every category shows its budget per month and what you really spent.

2. 2

   Fill it for you

   Press Fill from last 3 months and Winston sets each budget from your recent spending. Then adjust.

3. 3

   Watch the gaps

   Each row shows how far over or under budget you are.

1. 1

   Start from the base case

   The chart shows cash in the bank month by month if things carry on as now.

2. 2

   Build your scenario

   Change revenue, set growth each month, change costs, or add a new monthly cost such as a hire or rent.

3. 3

   Read the ending cash

   See how much cash you'd have, and whether it ever runs low.

Before hiring, add the person's monthly cost as a scenario and check your runway.

1. 1

   Add a team member

   Choose W2 employee or 1099 contractor, then salary (monthly pay) or hourly (rate and hours per week). Press Add team member.

2. 2

   Schedule a bonus

   Enter the amount, date and an optional note.

3. 3

   Read the chart

   Payroll by team member and your monthly payroll total. Regular pay runs on the 1st and 15th of every month; bonuses pay out on their own date.

1. 1

   Open Business plan

   If there's no plan yet, Winston can generate a full business plan and a separate investor-facing plan from your business's blueprint.

2. 2

   Generate

   Press the button and wait a minute or two.

3. 3

   Read and share

   Open each plan to read it.

1. 1

   Open Legal

   Company formation and legal documents are handled by Winston's partner, RocketLawyer. Winston doesn't give legal advice himself.

2. 2

   Request a service

   Choose what you need (forming an LLC, an EIN, an NDA, a contract review, a trademark and more), add your details and send the request.