The Profit & Loss Forecast report is the one for monitoring trends. It will show you actual results for completed months of the year and the budget for the remainder – and a projection of where you’re likely to be at the end of the financial year. ...
What do the bars and lines mean? What do people mean when they talk about net worth or net equity. Let me explain. Total Assets The first of the bars is your Total Assets. These are (in non-technical accounting speak) the things your business owns. This...
The Actual vs Budget Report is the one we sometimes call the Measuring Report. It looks at your performance for the current month and shows how you’ve measured up to your budget. It then does the same for the year to date as that will smooth out anything that’s just a...
Each month, your cashflow forecast chart will give you a prediction of your bank balance month by month into the future. How do I read the Cashflow Forecast Chart? The line is the most important element – that is the prediction of the bank balance. It...
