For more about the Balance Sheet and how it affects you, read our blog post "Balance Sheet Projections and You".
**NOTE: If you do not have enough historical data (at least 12 months), you will receive the following prompt to upload a spreadsheet containing this information. If you do not have access to the historical AR/AP data, we suggest making your best guess, but beware that the corresponding baseline projection will not be as accurate.
4. Select the 'Setup Wizard' Button to configure the 3-way cashflow forecast in a way that truly reflects the reality of the business and ensure all considerations are taken into account when projecting future growth and risk.
Here you will be able to make key decisions on important factors that invariably have an impact on the immediate and long term future of the business.
This includes how the business recognizes and reconciles Owners Compensation, whether they track taxes on an accrual or cash basis, and if there are any accounts or long-term liabilities such as loans or depreciation that do not have an effect on cash movement.
After generating a baseline three-way cashflow projection, ProfitSee allows you to build strategies and create an updated projection. These strategies provide the opportunity to address any upcoming periods in which you notice poor performance.
2. Select the category you'd like to adjust and fill in all fields of the template then click "Save" to add the strategy to your projection. Strategies with a checkmark in the box labeled "Active" will be added to the new projection, while those with no check in the box will not be included.
3. Repeat Step 2 until all desired strategies have been added.
4. A new projection will automatically be created beneath the strategy section each time you add or update a strategy. This allows you to compare the business' cash on hand with and without strategies to aid in planning for the future.