How to add an Account

How you can manually add an Account in the Income Statement, Balance Sheet or Assumptions

While most PlanGuru users import their Chart of Accounts and historical data through integrations with QuickBooks, Xero, or Excel, there are times when you may want to create accounts manually.

This is helpful if:

• You don’t have an accounting system yet and want to build a Chart of Accounts from scratch.

• You need an account purely for planning purposes (e.g., a revenue stream or planned loan).

By adding accounts directly, you can apply projection methods and immediately see their impact on your bottom line and cash flow.

1️⃣ When to Add a Manual Account

Examples:

• New revenue stream you’re considering adding to the business.

• Loan that will fund a future equipment purchase.

• Scenario testing for what-if analysis.

2️⃣ How to Add an Account

1. Navigate to the Income Statement or Balance Sheet section where the account should be placed.

2. Right-click within the section you want the new account to appear.

3. Select Add Account from the menu.

3️⃣ Configure the New Account

In the Add Account window:

• Account Name – Enter a descriptive label (e.g., “New Product Revenue” or “Equipment Loan”).

• Account Number (optional) – If your project uses account numbers, follow your numbering scheme.

• Projection Method – Select how you want to forecast this account:

  • Manual entry

  • Percent of another account

  • Growth rate

  • Formula

When ready, click Add.

4️⃣ Placement of the New Account

• The new account will be inserted above the spot where you first right-clicked.

• If needed, drag and drop it to reposition within the statement.