• Home Page
• Application Overview
  • Online Help and Video Tutorials
  • Desktop Toolbar
  • Getting Focus
  • Arranging the Application Windows
  • Working with Multiple Displays
  • Application Modes
    • Home Screen
    • Analysis Mode
    • Databases Mode
    • Report Mode
    • Workbooks Mode
  • Valuation Process
  • Managing Your Account
  • Updating the Software
• Analysis Files
  • Sample File
  • Managing Analysis Files
    • Creating an Analysis File
    • Saving an Analysis File
    • Opening an Analysis File
    • Copying an Analysis File
  • Editing Analysis Files
    • Getting Around
      • Analysis Navigator
        • Explore Mode
        • Search Mode
      • Back / Forward
      • Using the Folder Sheets
    • Main Folders
    • Types of Sheets
    • Working with Assumptions
      • Columns and Rows
      • Changing Assumption Values
      • Renaming an Assumptions Sheet
    • Working with Worksheets
      • Entering Data
      • Restoring Cells
      • Footnotes
      • Renaming a Worksheet
      • Creating a Worksheet
    • Working with Charts
    • Renaming Sheets
    • Editing Directly in Excel
  • Printing Analysis Files
    • Page Setup
      • Excel's Page Setup Dialog Box
        • Page Tab
        • Margins Tab
        • Header/Footer Tab
          • Predefined Headers and Footers
          • Header and Footer Data Codes
            • ValuSource Codes
            • Excel Codes
          • Editing a Header or Footer
            • Sections
            • Inserting Data Codes
            • Changing a Section's Font
            • Editing a Section's Text
        • Sheet Tab
        • Chart Tab
      • Copying Page Setup Settings
    • Printing the Current Sheet
    • Printing Multiple Sheets
  • Exporting to Excel
  • Analysis Templates
    • Opening a Template
    • Creating a Template
      • Copying an Existing Template
      • Saving an Analysis Project as a Template
    • Editing a Template
• Analysis Workflow
  • Setup
    • Project Assumptions
    • Setup Assumptions
    • Business Profile
      • Standard Fields
      • Corporation Fields
      • Partnership Fields
      • Sole Proprietorship Fields
    • Ownership
    • Report Writer Data
    • Federal Tax Table
    • Information Request Document
  • Financial Statements
    • Assumptions
    • Analysis Columns
    • Adding an Account
    • Moving an Account
    • Deleting an Account
    • Account Type and Property
    • Annualizing a Partial Period
      • Pro Rata Method
      • Sales Cycle Method
      • Last Twelve Months Method
      • Manual Method
    • Adjusting the Financial Statements
      • Adjusting the Income Taxes Account
      • Adjusting Non-Tax Accounts
    • Summary Financial Statements
    • Adding a Fiscal Period
    • Printing the Financial Statements
  • Financial Analysis
    • Assumptions
    • Common Size Financial Statements
    • Financial Statement Trends
    • Margins and Return on Equity
    • Benefit Streams
    • RMA Comparison
    • IRS Comparison
    • Custom Comparison
  • Appraisal
    • Premiums and Discounts
      • Assumptions
      • Level of Control (Premium or Discount)
      • Marketability Discount
      • Pluris DLOM
    • Assets and Liabilities Adjustments
      • Assumptions
      • Adjusted Non-Operating Assets and Liabilities
      • Excess and Non-Operating Assets
      • Built In Gains
    • Asset Approach
      • Assumptions
      • Historic Book Value
      • Adjusted Book Value
      • Liquidation Value
    • Income Approach
      • Adjusted Non-Cash Items
      • Long Term Sustainable Company Growth
      • Duff and Phelps
        • Assumptions
        • Inputs for Cost of Capital
        • Cost of Capital
        • Industry Risk Premium
      • Company Specific Risk
      • Capitalization of Earnings
        • Assumptions
        • Benefit Stream
        • Capitalization Rate
        • Indicated Value
        • Rate Sensitivity
      • Multi-Stage Growth
        • Assumptions
        • Benefit Stream
        • Projection Method
        • Discount Rate
        • Indicated Value
        • Rate Sensitivity
      • Summary DCF
        • Assumptions
        • Inputs
        • Balance Sheets
        • Income Statements
        • Common Size Balance Sheets
        • Common Size Income Statements
        • Financial Performance
        • Benefit Stream
        • Discount Rate
        • Indicated Value
        • Rate Sensitivity
      • Detailed DCF
        • Assumptions
        • Projection Methods and Assumptions
          • Balance Sheet Methods
          • Income Statement Methods
          • DCF Projection Dialog Box
          • Capital Expenditures
          • Long Term Debt
          • Cash Flow
        • Applied Projections
          • Balance Sheets
          • Common Size Balance Sheets
          • Income Statements
          • Common Size Income Statements
          • Financial Performance
        • Valuation
          • Benefit Stream
          • Discount Rate
          • Indicated Value
          • Rate Sensitivity
      • Capitalization of Excess Earnings
        • Assumptions
        • Benefit Stream
        • Normal Return
        • Capitalization Rate
        • Indicated Value
        • Rate Sensitivity
    • Market Approach
      • Commercial Data Sources
        • BIZCOMPS
          • Assumptions
          • Data
          • Seller's Discretionary Earnings Base
          • Revenue Base
          • Indicated Value
        • IBA
          • Assumptions
          • Multiples
          • Seller's Discretionary Earnings Base
          • Revenue Base
          • Indicated Value
        • Mergerstat Industry PE
          • Assumptions
          • Data
          • Earnings Base
          • Indicated Value
        • Mid-Market Comps
          • Assumptions
          • Data
          • Earnings Base
          • Revenue Base
          • Asset Base
          • Book Value Base
          • Indicated Value
        • Pratt's Stats™
          • Assumptions
          • Multiples
          • Net Sales Base
          • Gross Profit Base
          • EBITDA Base
          • EBIT Base
          • Discretionary Earnings Base
          • Book Value Base
          • Indicated Value
      • Other Data Sources
        • Guideline Public Company
          • Assumptions
          • Multiples
          • Revenue Base
          • Earnings Base
          • Asset Base
          • Book Value Base
          • Cash Flow Base
          • EBITDA Base
          • Indicated Value
        • Private Company
          • Assumptions
          • Multiples
          • Revenue Base
          • Earnings Base
          • Asset Base
          • Book Value Base
          • Cash Flow Base
          • Indicated Value
        • Analyst Research Data
          • Assumptions
          • Multiples
          • Fundamental Discount
          • Revenue Base
          • Earnings Base
          • Asset Base
          • Book Value Base
          • Cash Flow Base
          • EBIT Base
          • EBITDA Base
          • Indicated Value
        • Subject Company Transactions
          • Assumptions
          • Transactions and Indicated Value
        • Other Industry Multiples
          • Assumptions
          • Multiples
          • Revenue Base
          • Earnings Base
          • Book Value Base
          • Cash Flow Base
          • Gross Profit Base
          • Indicated Value
  • Conclusion of Value
    • Assumptions
    • Conclusion of Value
    • Value of Interest Appraised
  • Sanity Checks
    • Relative Value Analysis
    • Justification of Purchase
      • Assumptions
      • Hypothetical Terms of Sale
      • Projected Post Sale Cash Flow
      • Payback Period
      • Internal Rate of Return
  • Data
    • Report Writer Links
• Databases
  • Purchasing Databases
  • Downloading Data
  • BIZCOMPS
  • Cost of Capital Analyzer
  • Done Deals / Mid-Market Comps
  • Duff & Phelps Decile Data
  • IBA Market Data
  • IRS Corporate Ratios
  • Mergerstat
  • Pluris DLOM
  • RMA
  • SBBI
  • SIC / NAICS
• Reports
  • Sample Files
  • Managing Report Files
    • Creating a Report
    • Saving a Report
    • Opening a Report
    • Copying a Report
  • Editing Reports
    • Commands (Links)
      • Report Navigator
      • Finding Commands
        • Previous/Next Command Buttons
        • Searching for Commands
      • Editing Commands
        • Cell Commands
        • Range Commands
        • Chart Commands
        • File Commands
        • Optional Content Commands
      • Updating Commands
      • Inserting a Command
        • From Analysis Mode
        • From Report Mode
        • From Workbooks Mode
      • Viewing a Command Link
      • Deleting a Command
    • Helper Text
    • Managing the Workbook List
      • Workbook Table
      • Workbook Status
      • Adding a Workbook
      • Replacing a Workbook
      • Removing a Workbook
      • Resetting the Workbook List
    • Printing Reports
  • Report Templates
    • Managing Templates
      • Opening a Template
      • Creating a Template
      • Saving a Report as a Template
    • Editing Templates
      • Inserting a File Command
      • Optional Content
        • Inserting an Optional Content Command
        • Previewing Optional Content
• Workbooks
• Options
  • Startup Options
  • Analysis Options
  • Report Options
  • Workbooks Options
• Contacting ValuSource
  • Frequently Asked Questions
  • Technical Support