Factoring in your past, present, and future, our team of financial forecast consultants will guide you through the process of creating forward-looking projections. By understanding your business needs, we create financial projections that can aid in the identification of persistent issues that may arise in the future, find solutions and improve your company layer by layer. 

A precise estimate will help determine whether (and by how much) your business will expand or contract. As a result, you can moderate your expectations and set goals which are practical.

Look no further if you want to find out how to create financial projections. Here are a few specific categories of drawing financials for a business plan that you should know of.  Each of the following categories are included in our financial forecast services.

Income Statements

A key element of forecasting happens via income statement development, also known as the profit or loss statement. Here it illustrates how a business makes a profit or loss over time and how it forecasts future revenues, expenses and net earnings. The estimate in this statement is heavily reliant on budgets, and as such our team works directly with you to build custom financial projections.

Revenue, cost of goods sold (COGS), cost of sales, operating expenses, EBITDA, depreciation, amortisation, interest, and net income are all components of our completed financial forecasts for a business plan.

Cash Flow Statements

Cash Flow projections are made to evaluate your businesses cash position as you invest, pay dividends and grow year over year. Calculating your cash flow comes after creating your income statement.  This starts with your cash position and includes the inflow and outflow of funds including dividend payments and the repayment of debt.  

You can identify a future cash position for your business by calculating your income over a specific period and deducting expected and scheduled expenses. Businesses can then control their liquidity and determine if they will have the necessary cash to meet their debt obligations.

You may gain a more accurate insight into your company’s financial situation by using cash flow forecasting. In addition, you will be able to forecast if your business runs the risk of negative cash flow at any time in the future, which is inherently important for all responsible businesses to identify long before it ever potentially happens.

Balance Sheet

A company’s financial health is often determined through its balance sheet.  A balance sheet should be balanced between total assets and total liabilities + shareholders equity.  

Assets in a balance sheet may include cash on hand, inventory, property, plant and equipment (PPE), prepaid expenses, accounts receivable and intangible assets including patents, copyrights and goodwill. 

Liabilities in a balance sheet may include long-term debt owing, short-term debt owing, accounts payable, wages owed, sales taxes payable, or corporate taxes payable.

Shareholders equity in a balance sheet includes invested equity, and the cumulative sum of all retained earnings.

Financial Projection Services

Important financial parameters, including sales, income, and future revenues are anticipated in financial forecasting. These metrics are essential for financial activities like budgeting and overall financial planning. In the end, forecasting serves as a compass for your business, so you can mitigate challenges and steer your ship closer and closer to success.

If you are looking to work with America’s leading financial forecast consultants, contact us today.   Our financial projection services will help you secure financing and become aware of potential challenges in the future, so you can mitigate them.  Lets build custom financial projections for your business plan and get your startup, SMB or established business on the right track.