Creating a projection based upon last year’s data is a great place to start. If nothing changes from last year, it’ll show you whether your business is growing, flat-lining or running out of cash. This type of forecast is just an overview – a health check.
Have a think about which costs you have control over and need to report on. These might be base wages/salaries, rent, rates, insurance, etc. Variable costs are directly linked to your sales and are part of your GP, so they go in next.
We let you create multiple forecast lines for every account. This delivers two primary things:
You don’t have to prepare a separate cashflow every time you save a forecast line. Automating every step of the process saves you hours, delivers clarity over every transaction’s movement and where you forecast your business will be today, and in the future.
The impact of your transactions across the P&L, balance sheet and cashflow statement, all VAT/GST activity and your cash position chart, is automatically calculated in the scenario, and in any card (report) that you subsequently set up. This puts you in a great position to grow in the coming period using live, real-time data.
Our single business package gives you full app functionality and the perfect set up for a business owner. Futrli Limited and Futrli Unlimited are perfect for bookkeepers and accounting firms. When you have client businesses to serve, you can offer best in breed reporting, forecasting and advisory with our full toolkit. And, we get you off to a flying start with our tailored implementation programme and dedicated ongoing customer success management.