CFO SelectionsвЂ™ team develops financial projections, determines effective resource allocations and sets clear objectives. Financial Projections Accounting ServicesДЄll businesses, whether startup or growing, will be required to supply prospective financial data for creditors or investors.

Projections are made by the month for the first year and then by the year for the next two years.Дeveloping financial projections for your expanding business can be complicated.В To make it less overwhelming, our expert finance team canВ provide the information onВ required financial statementsВ every business plan should have. Depending on how long youвЂ™ve been in business, it could be moreвЂ¦ or less.ДЇinancial projections should includeВ a forecasting of the income statement, the balance sheet, and the cash flow statement. Creditors typically want these types of information for the past and future three to five years. If your business has been in operation for more than a year,В creditors will not only request data on your past performances, referred to as historical data, they will also ask for financial projections. The projected financial plan indicates how much additional debt or equity you need to remain solvent and healthy. Financial projections help you assess what additional assets are needed to support increased revenue and the potential impact on your balance sheet. To generate and support additional revenues, additional cash is always required. Projections can also be a guide to help your business grow without running out of cash. The financials tell you what goals to keep and what to cut. Creating financial projections is not an easy task but is a very important part of developing a sound strategy. By projecting your revenue and expenses, you can get a more accurate view for how successful your business can be. An important part of the business planningВ process is the preparation of financial statements to predict the outcome of an organizationвЂ™s results in future periods.ДЇinancial projections are based on compiling the internal and external accounting data you already use in the day-to-day management of your business.

Projections on translucent paper