NEWSLETTER: FINANCIAL FORECASTING (JAN 2025)
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What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
Unlocking Business Growth with Driver-Based Forecasting
In today’s fast-paced business environment, traditional forecasting methods often fall short. Relying solely on historical data doesn’t account for rapid market changes, evolving consumer behavior, or unexpected disruptions. This is where Driver-Based Forecasting (DBF) emerges as a game-changer, empowering organizations to make smarter, data-driven decisions. What is Driver-Based Forecasting? Driver-Based Forecasting focuses on identifying and…
Reconciling 101
You’re a savvy business owner. You know Intuit’s QuickBooks “QBO” is your accounting software and it produces your company’s accounting file. You know you—or your bookkeeper—are supposed to reconcile your transactions at the end of the month. What you might not know is that once your transactions are reconciled—and only then—you can populate reports that…
