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Financial Forecast Accountants in Manchester

Financial Forecasting is an essential part of any business plan. It’s imperative to generate accurate estimates of your future costs and account for them effectively. At Lumbview Accounts, we use the latest and greatest forecasting techniques to give you the best possible insight into the future of your business.

Read on to find out more about our range of professional and statistical forecasting services. If you have any further questions, don’t hesitate to contact our friendly team in Swinton near Manchester for expert advice.

How Our Financial Forecast Accountants Can Help

There are loads of great accountancy companies out there, so why should you choose us to help with your financial forecasting? Firstly, our tight-knit team has years of experience in the accounting and financial industries. Our principal accountant has over two decades of experience in the field, working with businesses of all sizes in a wide variety of sectors.

In addition, we specialise across all aspects of accountancy and have the flexibility to adjust our services to suit you. Financial forecasting is just one string in our bow – we can also assist with bookkeeping, payroll services, VAT and much more.

We also have a prime location in Swinton, just outside Manchester City Centre. We serve clients across Greater Manchester and the North West, and we’re always happy to travel to your place of work.

If you’re located in the North West and need a reliable accountancy partner, Lumbview could be the team you’ve been searching for.

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Providing You With Accurate Business Financial Forecasting to Secure Your Cashflow

Maintaining good cashflow is essential for the survival of your business. Of course, you need to have enough cash available to cover your running costs at all times, but these costs fluctuate throughout the year. Good financial forecasts will help eliminate some of this uncertainty and ensure a business plan that maintains your cashflow.

A Lumbview business forecast will give you the confidence to work towards your goals without putting your balance sheet under stress. It will also act as a risk analysis tool, which can be extremely useful if you decide to take a financial risk.

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Speak To A Financial Forecast Accountant Today

If you feel like your business would benefit from our accurate and professional financial forecasting methods, then be sure to get in touch with us today. We would be delighted to answer any further questions you have and offer advice on the best financial planning process for you.

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What You Can Expect From Our Financial Forecasting Services

When you hire Lumbview for your financial forecast, there are several things that you can expect. Thanks to our depth of experience, we can offer a consistently high-quality service that offers unbeatable forecast accuracy.

Tax return

Deep analysis of your past and present data

At its core, forecasting is all about examining your business’s existing and historical data and predicting how this data will change over the coming months and years. As a result, a thorough analysis of your numbers is always the first step in creating accurate financial modelling.

Even though the forecasting results are centred around future sales and costs, it’s the past data of your company that will provide the basis for any predictions. Because of this, it’s important to ensure that all your past financial statements are correct to receive the most reliable future forecasts.

Annual return

Construction of a reliable forecasting model

Following the in-depth analysis of your past data, we will then start building an accurate, high-quality, and clear forecast model. Readability is also one of our main concerns – there’s nothing worse than receiving a report packed with numbers without any explanation.

We will also make sure to have a clear understanding of your goals before commencing our work. A forecast model can be used in various ways, and we will tailor our accounting services to give you the information you need.

Charity accounts

Use of quantitative and qualitative forecasting methods

Throughout the process, we will use a combination of classical and cutting edge methods. This approach ensures that we build the best possible picture of your future business performance and that every factor is considered.

There’s no “one-size-fits-all” forecasting method – both qualitative and quantitative methods will be implemented in our predictions and calculations.

Quantitative forecasting is purely mathematical, making use of processes such as numerical analysis and regression. Qualitative methods are used to apply any data findings to your wider business plan.

Partnership

Continued support

We’ll always be there to offer advice and a listening ear whenever you need it. We understand the difficulties of running a business and aim to offer services that make your finances a little more straightforward.

Frequently asked questions

Financial Forecast FAQs

Why is it important to have all my business information up-to-date when forecasting?

The best forecasting models are built upon a large amount of accurate data. The more business data we have to work with, the better we’ll implement our statistical methods and provide reliable forecasts.

As a result, it’s important that you keep your records and books as up-to-date as possible. This is a good general practice anyway and will help you keep expenses in check.

What forecasting methods do you use to help predict accurate forecasts for my business?

There isn’t a single forecasting technique that does everything, which is why we use a range of quantitative and qualitative tactics. This allows us to consider a range of factors, including past data, market research, and known future events.

The result is a high level of forecasting accuracy that you can rely on. Effective forecasting can be an invaluable tool for business management, and almost anyone would benefit from the process.

Will you use my business's historical data for my business forecast?

One of the best ways to produce a forecast is to analyse a business’s historical data directly. This data typically gives a great insight into how a business is likely to perform in the future and allows accountants to forecast sales and profits.

Despite this, historical data is not strictly essential for good business forecasting. Qualitative methods can also be used to make predictions about a company’s near future. This means that even new businesses can benefit from a professional forecasting report.