Helping you prosper
Accurate forecasting serves as a powerful and insightful tool, providing clarity to support informed decision-making. For businesses, this means:
- Better budgeting and cash flow management
- Informed decision-making
- Proactive risk management
- Strategic planning for growth
Maximising cloud accounting software like Xero
Every business deserves access to insightful data that helps them understand their current position and forecast their future.
Cloud accounting platforms such as Xero have revolutionised how businesses manage their finances. But beyond bookkeeping and compliance, Xero offers powerful tools that can enhance your forecasting capabilities:
- Real-time financial data: Access up-to-date insights into your cash flow, expenses, and revenue.
- Budget tracking: Compare actuals against budgets to identify variances early.
- Xero analytics: Predict future cashflow using data from a business’s Xero account to analyse trends and gain a deeper understanding of financial performance.
When you need more: Advanced forecasting
While inbuilt tools are great for day-to-day forecasting, some businesses require more advanced solutions, especially those with complex operations, multiple revenue streams, or ambitious growth plans.
Forecasting isn’t just about predicting the future – it’s about preparing for it. We’re here to help you build a future that’s not just predictable – but profitable.
- Cashflow analysis
For businesses owners and directors to understand their bank balance stress points in more detail and identify potential future issues. - Scenario based forecasts
Every plan and idea have different routes, scenario-based forecasting is a powerful tool that helps businesses prepare for the future by modelling different financial outcomes based on changing variables. - Multiple departments, companies or a group?
The ability to incorporate multiple departments or companies (or both!) into a single forecast. - Customer or Supplier Dependency
If you're concerned about over-reliance on a particular customer or supplier, we can present data alongside forecasts that consider the impact of losing a key customer or supplier, demonstrating the overall effect on your business. - Financial & non-financial KPIs
Do you use Key Performance Indicators (KPIs)? We can also help create new financial and non-financial KPIs to measure performance in more ways than just profit or cash balances. - Forecast vs actual comparisons
Comparison is crucial for understanding your results. Investigating variances helps determine whether a particular decision should be repeated or or if an underperforming element should be removed.
The next step
If you're interested in forecasting or budgeting to elevate your business strategy, reach out to our cloud accounting experts so we can work with you to see your business' future.
