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QuickBooks® offers a module to make the process of preparing and updating a budget or forecast easy. At a time when clients are reviewing their goals and objectives, be it monthly, quarterly, or annually, the process often includes the preparation of an operating budget and/or financial forecast.

What is financial forecasting?

"Forecasting is the use of historic data to determine the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time. This is typically based on the projected demand for the goods and services they offer." - Investopedia

This is the second of multiple posts in a series on using QuickBooks. QuickBooks holds the largest market share of accounting software in the United States. Yet there are many other accounting software options available and we encourage you to explore the Best Accounting Softwares for your business.

In our first post in this series we discussed the benefits of accounting software versus manual accounting practices. 

This post discusses the benefits of accounting software versus manual accounting practices.

There are many versions of QuickBooks on the market. There are versions of QuickBooks that range from the most basic, which is like a check register, to a more sophisticated version to imitate an enterprise planning “ERP” system.

This is the first of multiple posts in a series on using QuickBooks. QuickBooks holds the largest market share of accounting software in the United States. Yet there are many other accounting software options available and we encourage you to explore the Best Accounting Softwares for your business.