launchora_img

How to Forecast Cash Flow in QuickBooks

Info

Every business person who opens a company must record the details related to the flow of money. Any company's cash- flow statement helps the process run easily and is also good for helping the business grow. QuickBooks is software generally used for business accounting purposes

Most of the professional accounting firm and small businesses may find this application useful.

The QuickBooks cash flow forecasts show the estimated revenue for a fixed period. The cash flow projection gives the user a view of his near future, and QuickBooks forecasting helps with larger plans. 

By calculating your expected cash flow, it is also helpful to put your reports together in one place.

Now the question arises that how to forecast cash flow in QuickBooks, so here is the answer-

1. Go to the company menu and hover the planning and budgeting, and then click over the forecast option.

2. Select create new forecast

3. Choose the required fiscal year for the forecast

4. Choose either create a forecast from scratch or create a forecast from the previous year’s actual data

5. Finally select finish

Here is how QuickBooks can be found useful-

Accounting Software- Perfect for growing Business

QuickBooks is accounting software that makes you control your finances and cash flow, thus aiming to grow your business. Do QuickBooks forecasting tools help in resolving your issue of how to forecast cash flow? It also helps in consolidating customer and supplier data.

Also, the various positive sides of QuickBooks include the following –

1. Easily Create and manage the Invoices

QuickBooks helps create invoices on a professional level; it sends them through email or prints them. It is a great source for keeping track of who has to pay you money and whether your firm has been paid on time or not.

2. Track Sales and Expenses

Tracking your sales and expenses along with QuickBooks cash flow forecast gives a sketchy idea of how your business is doing so that you can make your decisions wisely on how to grow your business.

3. Instant Access to the Critical Information and Reports

If you are facing any difficulty in cash flow projection, you can always use QuickBooks' internet facility at one click of a button. Also, apart from cash flow projection QuickBooks provides you with business knowledge with pre-built and customized reports.

This software is entirely web-based, and hence, it saves your time of installation on your device. All you need is to launch your web browser, and you are ready to go. QuickBooks cash flow statement can be generated by clicking on "all reports" and choosing "business overview". This helps in knowing how much money you have received and the records of the unpaid bills.

Similarly, the financial statements in QuickBooks are present under the reports section of the dashboard. All statements related to profit and loss and statements of cash flow are available here.


Be the first to recommend this story!
launchora_img
More stories by Affluent
What is GAAP and Why is it Important?

In this article you'll learn what is GAAP and why is it important in an Accounting Firm.

00

Stay connected to your stories

How to Forecast Cash Flow in QuickBooks

21 Launches

Part of the Something Else collection

Updated on February 28, 2021

Recommended By

(0)

    WHAT'S THIS STORY ABOUT?

    Characters left :

    Category

    • Life
      Love
      Poetry
      Happenings
      Mystery
      MyPlotTwist
      Culture
      Art
      Politics
      Letters To Juliet
      Society
      Universe
      Self-Help
      Modern Romance
      Fantasy
      Humor
      Something Else
      Adventure
      Commentary
      Confessions
      Crime
      Dark Fantasy
      Dear Diary
      Dear Mom
      Dreams
      Episodic/Serial
      Fan Fiction
      Flash Fiction
      Ideas
      Musings
      Parenting
      Play
      Screenplay
      Self-biography
      Songwriting
      Spirituality
      Travelogue
      Young Adult
      Science Fiction
      Children's Story
      Sci-Fantasy
      Poetry Wars
      Sponsored
      Horror
    Cancel

    You can edit published STORIES

    Language

    Delete Opinion

    Delete Reply

    Report Content


    Are you sure you want to report this content?



    Report Content


    This content has been reported as inappropriate. Our team will look into it ASAP. Thank You!



    By signing up you agree to Launchora's Terms & Policies.

    By signing up you agree to Launchora's Terms & Policies.