How would hiring a new salesperson affect your business?
Sales may increase but so will your expenses. Will it be profitable?
How would your bottom line be affected if you sign a new customer? They’ll bring in more business but require more work hours from your employees.
Forecast scenarios allow you to simulate simple or complex sequences of changes that may happen to your business and see how your cash flow can be affected moving forward.
Any scenario can be exported as a report and shared with your stakeholders. This is an extremely useful way to create a cross organizational consensus.
Create brand new forecasts, or simply duplicate existing ones and make changes to any parameter.
Give each forecast a name and description so you know exactly what possible scenario it represents.
Test changes in any financial aspect of your business:
Payroll, salaries, include or exclude customers’ invoices, vendors’ bills, and much more.
Changes will only affect the forecast scenario you are testing. Other forecasts will not be affected and the data in your accounting software (QuickBooks Desktop QuickBooks Online, Xero etc.) will not be affected at all.
After you choose to implement conclusions from a scenario that suits you best, you can still go back to view other scenarios that you have tested. All of your scenarios are saved, allowing you to switch between them easily.
Use Scenarios to test events that occur only once, such as a one time purchase, or changes that will have a recurring effect on your business, such as hiring a new employee, or increasing your rent.
Scenarios can easily be used to test multiple changes in cases where one change triggers others. For example:
