Use your accounting data to jumpstart your LivePlan Forecast
Do you ever find yourself needing to stop and consider where you’ve been, so you can feel confident about your plan for where you’re headed?
This practice of comparing actual results (what’s already happened) to your estimated projections (your plan for the future) is crucial to maintaining the health of your business. And while you need to do this on a month-to-month basis, updating your forecasts and budgets can be an incredibly time-intensive endeavor. But what if there’s a better way?
LivePlan allows you to take your past data from your accounting software and pare it down for strategic planning going forward. Reviewing your actual results, and putting together a forecast, becomes simple and intuitive.
- Pick the revenue and expense categories you need for a useful strategic forecast
- Sync LivePlan with QuickBooks Online, QuickBooks Desktop, Xero, or enter your accounting data manually
- Map your chart of accounts to your forecast categories
- Use LivePlan to track your actual performance against your forecasted plan going forward
By the end, you’ll know how to create a streamlined forecast for your business, tied to your performance results, that you can actually use.