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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 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 Check out more from the Run Your Business series: https://intuit.me/3yJVudx QuickBooks Accounting: https://intuit.me/3kRI4ar Subscribe to our YouTube channel: https://intuit.me/3bOj0M2 Visit QuickBooks.com: https://intuit.me/QBO The world’s largest workforce works for themselves. We work for them by providing smarter business tools. QuickBooks #BackingYou. #QuickBooks #RunYourBusiness This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

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