- CASH FORECASTER SOFTWARE UPDATE
- CASH FORECASTER SOFTWARE SOFTWARE
- CASH FORECASTER SOFTWARE PLUS
CASH FORECASTER SOFTWARE SOFTWARE
‘Three-way’ forecast calculations: Some forecast software predicts revenue and expenses but doesn’t fully factor (or outright ignores) assets, liabilities, and equity activity.Automated connection to your books: Forecast predictions will often leverage historical activity, so you need a platform that pulls real-time figures from your real books automatically.
CASH FORECASTER SOFTWARE PLUS
Plus it makes collaboration, backup, and more all the easier.
CASH FORECASTER SOFTWARE UPDATE
Cloud-based: Modern business isn’t location-dependent and your ability to review or update your cash forecast shouldn’t be either. Once your Profit Model is properly designed, the next question is: “Which software should I use?” There’s the ‘old way’ to do things and many newer options are now available - we’ll share our preferred platform below, but whatever you use we recommend it meet the following requirements: And therefore your Cash Forecast is already organized along lines that are more naturally predicted and make sense to you the business owner. Costs are differentiated between infrastructure, uses of profits, and other critical and practical distinctions ( not arcane accounting lingo). Revenue is grouped on your business’ actual value propositions to customers ( not generic sales lines). It’s this unique approach that we’ve pioneered and embedded in our Elements Foundation™ process and which provides the proper groundwork for a good cash forecast because: We believe this mis-serves entrepreneurs and that the financials should instead be an embodiment of theory behind how the company creates profits (the Profit Model) which in turn is a reflection of the Business Model. What do we mean by “the design of your business’ Profit Model”? Most business owners let their finance categories be driven by their accounting software defaults, or the line items appearing on a tax return, or even the ‘traditional labels’ used for financial statements. It’s good design that makes the critical difference, and when it comes to cash forecasts, the design of your business’s Profit Model is at the heart of it all. The “smart use of new cloud apps” is a key phrase - At ElementsCPA, we’re strong believers that “software is not a solution”: no amount of money thrown at computers is going to solve a problem. And with the smart use of new cloud apps, you can be up-running-and-benefiting in no time. Your business’ cash forecast has the same purpose: to see and plan where you’re going, rather than steering your business’ future from its rear-view mirror (its historical financials) or worse yet, its bank balance.Ī good cash forecast helps you reach goals more quickly, sleep better at night, plus powers critical financial decisions like “Can I afford a new hire?”, “Will a new product be worth the effort?”, “How much can I put into my retirement account this year?”, and more. There’s a reason your car has a huge glass windshield in the front: so you can see where you’re going (not where you went).
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