By Leanna Kelly No one likes a surprise bill or an unexpected expense. These situations tend to create financial strain—especially for businesses with delicate cash flow. It’s why most businesses engage in financial forecasting. Financial forecasting is the analysis of data trends from the past and present to predict and determine the uncertain future. These estimates affect important financial decisions.
Established companies have a bevy of financial data at their disposal that allows them to make informed decisions about the future. Some projections are simple: if the lease expense each month is $5,200, it’s a fixed expense the business can rely on. Other types …read more
