Project Forecasting with QBO
I’ve been on the hunt for software that can forecast projects using QuickBooks Online (QBO) but haven’t had any luck. Does anyone have recommendations? We already have estimated revenue and costs for our projects, and my executives require a weekly cash flow forecast by project. Any leads would be greatly appreciated!
One response
It sounds like you’re facing a common challenge with project cash flow forecasting in QuickBooks Online (QBO). While QBO does provide some reporting features, it may not offer the detailed project forecasting capabilities you need out of the box. Here are a few options you can consider:
Third-Party Integration: Look for third-party software that integrates with QBO and specializes in project management and forecasting. Tools like Float, Fathom, or Genius Project can provide cash flow projections based on your project data.
Excel Spreadsheets: If you’re comfortable with spreadsheets, you could export your data from QBO and create a customized cash flow forecast template in Excel. This allows for greater flexibility in modeling various scenarios and adjusting figures as needed.
Custom Reporting: If you have the capability, you can consider building custom reports using QBO Advanced. This offers deeper insights into your project data and allows for some level of forecasting.
Consulting Services: If your company has the budget for it, you might want to consult with a financial analyst or an Accounting firm that specializes in project cash flow forecasting. They can help you set up a tailored solution.
Community Feedback: You might also want to check the QuickBooks Community forums. Other users often share tools, techniques, or even Excel models that they’ve developed for similar needs.
I hope one of these options helps you get the cash flow forecasts you need for your projects! If you have any other details or constraints, feel free to share them, and I can provide more targeted suggestions.