Forecasting is the method of analysing historical and current data as well as market trends to make predictions about your company's financial performance in the future. enabling you to make appropriate plans and determine which parts of your company's finances need to be improved in order to achieve the desired result.
We have developed a 5 stage collaborative programme to build a multi-year financial record for businesses. This consist of:
Initial draft using available data
Collaboration with you to agree on our findings
Review of initial draft
Application of changes to working model
Delivery of forecasting
Once your forecast is complete, it is the perfect tool to match up to your management accounts for regular reporting to ensure you either remain on track of your goals or edit your forecast so you can plan where you’re heading.
Your report will enable you to compare your performance to your annual results and modify your future estimates as necessary to maintain a positive cash flow!