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"First, think of pro formas as tools for running your business, and only second as predictions of the future."
Break-Even Analysis New!
This type of report is not one that is automatically generated by most accounting software, nor is it one that is normally produced by your accountant, but it is an important analysis for you to have and understand.
Pro Forma Income Statements
"A pro forma income statement is similar to a historical income
statement, except it projects the future rather than tracks the past.
Pro forma income statements are an important tool for planning
future business operations."
Pro Forma Balance Sheets
"A pro forma balance sheet is similar to a historical balance sheet,
but it represents a future projection. Pro forma balance sheets are
used to project how the business will be managing its assets in the
future."
Pro Forma Cash Flows
"A pro forma cash flow is created to predict inflow and outflow of
cash to your business. It is particularly valuable in predicting when
your business may experience a cash shortage."
Cash Flow
"Cash flow, not profits, is the lifeblood of your business. Project it,
monitor it, and manage it well before serious trouble starts to
brew."
- Featured Book
-
 Streetwise Small Business Start-Up
When you start a small business you soon discover that things just don't happen in the real world the way they tell you in business textbooks: Invoices don't get paid by their due dates,
ads don't consistently bring in customers, sales don't continually rise, and profits aren't always there.
In this book, small business maverick Bob Adams shows you how things really get done, and acts as your mentor by providing instant access to streetwise advice on every small business topic.
Regular price: $17.95
- Web Resources
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Ameriwest Small Business Consultants
Offers financial analysis and consulting services for small business.
National Association for the Self-Employed (NASE)
Contains a good overview on the benefits of hiring a financial advisor and what to look for to find a good match for your business.
PlanWare
Provides software and information to help prepare financial projections.
University of Maryland
Article highlighting the importance of financial planning for business.
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