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September 4, 2023
Question

Can Quickbooks perform financial projections and hypothetical modeling?

  • September 4, 2023
  • 1 reply
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I need to run several future financial scenarios, and to generate income statements and balance sheets using those scenarios. Is this possible with Quickbooks?

1 reply

Fiat Lux - ASIA
September 4, 2023

You can use a BI app to connect with QBO.

September 4, 2023

We're glad to have you here, Cadis. Let me share some insights about the financial projection in your QuickBooks Online (QBO) account.

 

Yes, QuickBooks offers a statement of financial projection report, which presents a concise overview of your cash flow. This report illustrates you the amount of cash that flows into your business, and the amount that flows out within a specific period from sales, expenses, investments, and financing activities in your business.

 

All financial projections should include three types of financial statements: the income statement, a balance sheet, and a cash flow projection.

 

If you're in need of an accountant, there's an awesome tool on our website called Find a ProAdvisor. All ProAdvisor's listed there are QuickBooks-certified and able to provide helpful insights for driving your business's success.

 

For more details about financial projections, you can check out this article: Understanding financial projections and forecasting.

 

Also, you may want to check out this article as your reference to guide you in using different reports and projections to get a clear look at your current and future business finances in QBO: Track your cash flow in QuickBooks Online.

 

Let me know if you have other concerns about the financial report. I'm always ready to help. Take care, and have a great day.