In this webinar, LivePlan experts Lauren McComb and Julia Clark show you how to use LivePlan's Live Forecast feature to make confident, data-driven decisions. Learn how to transform your financial predictions from educated guesses into a powerful, real-time roadmap for your business. Discover how to track your performance against your goals, understand your cash position, and adjust your strategy to ensure profitability and growth.
What You'll Learn
This webinar is packed with practical tips and real-time demonstrations. Here's a look at what you'll learn:
The LivePlan Method: Your Roadmap to Success
Forecasting vs. Accounting: Understand the fundamental difference between looking backward (accounting) and looking forward (forecasting). Build a Living Plan: Learn the iterative process of setting goals, tracking performance, and adjusting your forecast to guide business decisions. Your Business Roadmap: See how a well-crafted forecast becomes the living, breathing roadmap for your business.
Harness Live Forecast's Power
Connect Your Data: Sync LivePlan with your QuickBooks Online or Xero account to automatically pull in your actual financial performance. Analyze in Real-Time: Use the Live Forecast feature to compare your actual performance against your projections, giving you instant insights into what's driving your business. Make Smarter Decisions: See your real-time cash balance right next to your profit to make informed decisions about hiring, capital purchases, and new ventures.
Plan for the Future
Test Your Ideas: Use scenarios to model best-case, worst-case, or new growth opportunities like adding a new service, without affecting your main forecast. Track Your Assumptions: Use the new Forecast Notes feature to document the assumptions behind your numbers, ensuring clarity for yourself and your collaborators. Dive Deep into Your Metrics: Utilize the Dashboard for a high-level overview and detailed trend analysis of your key financial metrics.
