Monthly (Development) Extension

Expands planEASe to produce monthly and quarterly cash flow reports in addition to the standard annual reports. Also adds the capability to project Unit Sales developments such as Subdivisions, Land Development, Condo Conversions and Marina Slips. Most useful for commercial property analysis, development feasibility studies, and complex partnership forecasts. The Monthly Extension works with the Partnership Models as well as all other planEASe extensions, No additional data entry is required to produce monthly or quarterly reports. (Requires planEASe Base) No matter whether you have purchased the Monthly Extension or not, all Cash Flow, IRR, MIRR, and NPV calculations in planEASe are based on Monthly Cash Flows, the 'Gold Standard' in the industry.

In addition to the considerations below, the Unit Sales Dialog is part of the Monthly Extension and you will not be able to properly analyze Subdivisions, Land Development, Condo Conversions or Marina Slips without it. No matter whether you have purchased the Monthly Extension or not, all Cash Flow, IRR, MIRR, and NPV calculations in planEASe are based on Monthly Cash Flows, the "Gold Standard" in the industry.

Monthly Reports and Analysis
Many users want to analyze development projects, commercial properties with existing leases and new leases, and some imaginative syndications involving staged investments and/or capital additions where annual values are simply not enough to show what is happening to the cash flows. Other users have found that their variable rate loans, refinancing, et cetera, were difficult to understand when presented annually. For these users, we have developed the planEASe Monthly Extension, an optional expansion to planEASe which produces monthly and quarterly Basic, Detail and Lease Analysis reports (and monthly and quarterly Income Statements if you have the Reporting Extension) from the same assumptions that you use to produce the normal planEASe annual reports.



If you have purchased the Monthly Extension, you may change from yearly processing to monthly processing (and vice versa) by checking the Monthly option on the Analysis Menu (as has been done in the screen above). When you do so, the word Yearly in the Status Bar will change to Monthly (or vice versa), and all following computations (including audits) you request will be made and displayed in the corresponding mode. The screen above shows a Monthly Audit for the Bank of America Loan in the Los Amigos Apartments Analysis. In Basic, Detail and Lease Analysis and Income Statements the Monthly Extension also adds a Period menu item that allows you to instantly switch between yearly, monthly and quarterly reports while viewing them, as shown in the screen below.



Monthly, Quarterly and Yearly computations take the same amount of time for the same Assumption Set. In Yearly mode, planEASe responds as it always has and you would not know that the Monthly Extension existed. In Monthly or Quarterly mode, planEASe still responds as it always has, except that the Audit, Basic, Detail Lease, Annual and Income Statement reports while you are working in Monthly or Quarterly Mode are Monthly or Quarterly Reports rather than Yearly Reports (and correspondingly, if you have the Graphics Extension, all graphs are also shown in the chosen time mode). Cash flows in the Monthly or Quarterly reports exactly match the cash flows in the Yearly reports for the same Assumption Set.

The Monthly Extension lends itself to new uses for which the yearly planEASe is not suitable. For instance, the monthly reports, when transferred to a spreadsheet, become an ideal budget for a property after acquisition. With the Detail Reports, these budgets can be in whatever depth you want. Just insert lines for actual and variance and a few simple formulas to set up a rudimentary control system. As another example, if you are creating a loan package to sell your banker, you can analyze the loan yield for the bank by entering the loan amount as negative, yielding monthly cash flows for the loan (before and after tax) together with the IRR and MIRR before and after tax (the lender's yields in this case). Vary the Holding Period in Sensitivity Analysis, and you can even graph your banker's yield versus your loan payoff date!

Nothing says you just have to plan properties with planEASe. Nothing says you have to include depreciation and loans in an analysis. You do not even have to include a purchase price. Perhaps you will find that you can easily plan out revenues and expenses for your business, in consummate detail, transfer that "budget" to a spreadsheet or accounting system program using the Export function, and proceed along your way. Such budgeting can be done on a monthly or quarterly basis with the Monthly Extension.

Monthly and quarterly reports can be used in a number of ways to augment your use of the system. At the least, monthly reports become useful back-up detail when discussing the yearly reports. More often, the monthly reports will become the reports you use for an analysis because they are so much more understandable for complex analyses, despite their added bulk. The fact that the yearly and monthly report dollar amounts match allows you to mix the time frames in an analysis. For instance, in a development analysis, you might want to show the first 3 years by month, followed by 4 years on an annual basis. Just export both reports, and most word processors and/or spreadsheets will allow you to combine the monthly and yearly reports into one mixed-time-frame report.

The Monthly Extension also works with the Partnership Models. There is a particular assumption in the Partnership Models which works with the Monthly Extension — the Cash Distribution Pattern. This assumption allows you to specify monthly, quarterly, semi-annual or annual distribution of cash from your partnership, and further specify the months when distribution will occur. As you would expect, if you hold cash in the partnership with this assumption, interest is earned on the balance. While you can use this assumption without the Monthly Extension, it will confuse your analysis without the Monthly and Quarterly reports that make its use visible and useful.

Have a question about the Monthly Extension? Ask the planEASe Support Center for step-by-step answers drawn from the full video library and manual.