Financial projections and forecasting for small businesses | Run your business
Learn more about financial projections and forecasting:
(For US-based businesses) https://intuit.me/38Fifoo
(For Canada-based businesses) https://intuit.me/3oA93Ju
Financial projections is like a small business time machine where you can look into the future based on past financial data and forecast projected revenues and expenses. In this video, Nayo Carter-Gray (1st Step Accounting) outlines the key elements of how to create your financial projection with an income statement, cash flow projection, and a balance sheet.
00:00 – Introduction
00:57 – What is a financial projection?
01:51 – Using the income statement for financial projections
02:58 – Using cash flow projections
03:48 – Using the balance sheet for financial projections
04:29 – Best practices for creating financial projections
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