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Sep 4, 2023 4:16 AM UTC
Question

Can Quickbooks perform financial projections and hypothetical modeling?

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

2 replies

Fiat Lux - ASIA
Sep 4, 2023 5:16 AM UTC

You can use a BI app to connect with QBO.

Sep 4, 2023 5:49 AM UTC

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.