Jun 2021 Learn How to Plan the Profit You Want to Earn in the 2022 Financial Year
It’s been a busier year than expected, and the financial year is coming to a close. So now is a good time to start planning profits for 2022. This plan is called a “Financial Forecast”, and it’s done by looking at your 2021 P&L and predicting the next 12 months of sales, expenses, and profits. IS IT ACCURATE? The predicted sales and net profit are quite accurate because it is created based on past data and using the last 2 quarters to help guide patterns. The exercise is simple