Valuations LLC, a company that provides free and low-cost business valuations for business owners, has introduced ProValuation, Web-based software designed for accountants, business brokers, and financially sophisticated business owners that allows them to output detailed business appraisals in either PDF or Microsoft Word format to allow easy editing.
"We noticed that our existing software was often used by financial professionals who wanted more control over both the assumptions and the presentation of the report," said Valuations LLC president David Annis in a statement. "In the past we often assisted in creating these reports by hand. Now, users can create the reports by completing a simple interview."
The software will automatically handle calculations such as adjusting from cash basis to accrual basis and weighting income from multiple years but will allow an end user to easily override the default values. Financial statements are automatically recast to adjust for non-market rate owner compensation, related party transactions, interest expense, taxes, depreciation, and amortization.
The program also asks the user non-financial questions about the company being valued, and computes an appropriate earnings multiple. Despite the sophistication, most businesses can be valued in about an hour.
Users can also customize the template upon which the valuation report is based so that they can change the wording, include their company logo of other graphics, and change the layout so that it looks good on their standard letterhead. The Web site interface can also be customized, allowing business brokers and other professionals to private-label the application and add it to their own Web site.
The Web-based software is available by subscription for between $33 and $50 per month, depending on the length of a subscription. It is available at www.ezvaluation.com/pro.html. The company's original easy valuation program is available at www.ezvaluation.com for $24.95 per valuation report.
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