Rolling Forecast vs. Budget - Differences EXPLAINED

Подписаться 89 тыс.

Просмотров 15 тыс.

50% 1

Have you ever wondered how a rolling forecast and a budget are different? Well, we've gotten this question a lot, and Hannah explains in this video.
Budgets have a purpose, and so do rolling forecasts. They are similar - but different! How should you be using each one? We tackle these questions and show you how a rolling forecast works very practically in this video.
To learn how to create a budget for each line item, watch this comprehensive tutorial: • How to Create a Busine...
To learn more about CFO services, go to: claracfo.com/c...
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! claracfo.com/QBO
🙋‍♀‍Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: claracfo.com/a...
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! claracfo.com/m...
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: FLJ7CICNL68IDJUI, YNPXG593OZWEE2DL

Опубликовано:

3 окт 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 13

@mohammedaminearrakhiz5356 13 дней назад

great video, i learned a lot

@RICHGIRLASMR 8 месяцев назад

Excellent Clara! TY! I would love to hear how the rolling forecast is different than the cash flow forecast. I know you spoke about it at the end, but I still didn't understand really the difference.

@EducampAbroad 3 месяца назад

Thr rolling forecast she shows is forecasting the income statement. The cash flow statement is a different financial statement that doesn’t necessarily shows your profit but rather focuses on cash balance and she mentions you can also do the cashflow forecast using the same information you have for the income statement forecast

@debrathompson554 11 месяцев назад

Love this, thanks Clara, I have learned so much from you.

@ClaraCFO 11 месяцев назад

Thank you! That makes me so happy as that's what I am here for!

@adnanabbasi9482 9 месяцев назад

Rolling Forecast also helps us achieve the budgeted Sales Target by improvising and introducing better sales policies (as achieving NP without increasing the number of sales is not a good idea for the businesses to carry on for the following years to come).

@marcorossetti3709 Месяц назад

Hi Hannah, Im Marco and Im worrking in a company in Mexico that have financial relation with companies in USA and I need to involve in many things, I am accountant too

@scotolivera8207 11 месяцев назад

Thanks for the valuable content, Can't find the excel template u r using

@debrathompson554 11 месяцев назад

You mentioned Gira, I couldn’t find it it online, maybe the spelling isn’t correct from the transcript. Help?

@ClaraCFO 11 месяцев назад

Oh yeah - it is Jirav - you can learn more here: www.claracfo.com/jirav - we are a partner of Jirav since we use it with all of our CFO clients! Happy to answer any questions you may have about it!