*Does profit prove the performance of a business? When a company is doing well, it is evident because it gets plenty of sales. Therefore, it is common for business owners to think that my business is doing well because they have good deals, and I get a lot of cash coming […]
What Is Financial Forecasting? Financial forecasting is a process of conducting a method of predicting or estimating the business’s future performance. From this task, you will know how the business’s finances will look; for example, you will expect the company’s revenue. Financial forecasting is essential in business planning, budgeting, and operations […]
It is a tool built into MS Excel to forecast future financial performance. The forecast depends on past performance; the assumption for future performance also requires preparing the financial statements, balance sheet, cash flow, budget, and supporting schedules. That includes three statement models, linking the income statement, balance sheet, and cash […]
What information do accountants ask a start-up? The questions from an accountant depend on the type of the start-up; as you have not mentioned the business that you have planned to do, I am just going to give some general information, but that might not apply to your business entirely. First, […]
