What is a Forecast?

Dryrun uses the term Forecast to describe a forward-looking financial model that contains at least one Scenario. Often, Forecasts model an individual business, location or department. For example: if your design company is called Imagine Ideas Inc. you can name your Forecast after the business name.

Forecasts can be used for a variety of needs that you want to explore. You could create forecasts to analyze growth plans, evaluate your sales team, or even track individual project financials.

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If you are an accountant using Dryrun, perhaps you prefer to label your Forecasts with your clients’ names, or names plus business names. Dryrun allows you to customize as much as you wish!


Related Articles: What is a Scenario? What are Receivables? What are Payables?

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