3 Steps to Financial Forecasting for Your Business

Financial forecasting is the method of predicting where your business will be in the future in economic terms. With the use of pro forma statements, the predictions you develop during financial forecasting can be made concrete. Pro forma statements are financial statements that you prepare in advance to predict your financial status in the coming months and years.

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Kelly Gonsalves
Cash Basis Accounting & Accrual Accounting - Our Guide

No matter what type of business you own, having the right accounting method is crucial. Choosing the right method is essential when filing your tax return because you will use this method on all your subsequent returns. The two primary methods are cash basis accounting and accrual accounting. As a business owner, you cannot just choose one at random.

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Kelly Gonsalves