Projections and forecasts can be used for a lot of different purposes over the lifespan of a business. I want to present my top four reasons why small businesses, in particular food and beverage crafters, can use projections and forecasts.
The design, implementation, and evaluation of a specified chart of accounts
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The design and evaluation of relevant key performance and predictive indicators.
The design and presentation of relevant strategic data in report format for analysis and discussion.
The design and implementation of a system to post transactions to a business’s general ledger.