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. Think base wages/salaries, rent, rates, insurance, etc, as they'll get you thinking about your monthly outgoings. 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 predict 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.
Whether you are a small business who wants to solve the pain of running the numbers, or an accounting firm who wants to delight their clients with real help, we have a plan for you.