What is financial forecasting?

Planning for the future

Forecasting is the process of looking at past and present data and industry trends to predict your company’s future financial performance. Allowing you to plan accordingly and see what areas of your companies finances need to be worked on to reach the desired outcome.

Why Finance Box for financial forecasting?

We have developed a 5 stage collaborative programme to build a multi-year financial record for businesses. This consist of:

  1. Initial draft using available data

  2. Collaboration with you to agree on our findings

  3. Review of initial draft

  4. Application of changes to working model

  5. Delivery of forecasting

The power 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!

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