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Read up for news, tips and tricks about budgeting, planning and forecasting.

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Elements Affecting the Forecast Quality: Data

Forecasting is important to the business, but the forecast itself relies on high-quality data. When determining the data to use in the forecast, the following factors must be considered: Detail: How much detail are you putting in to your forecast? Keep in mind, more detail is not always better. If…

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Elements Affecting the Forecast Quality: People

The team involved in the forecasting process has a huge role to play in the quality of your forecast. Consider the following when planning for your forecast: Involvement: Who are you involving in the forecasting process, and how well do they know the data you are asking them to forecast…

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Elements Affecting the Forecast Quality

A forecast is an important tool for businesses to understand what their business will look like in the near and far term. Creating a forecast is important but relies on the quality and accuracy of the data within it. Three elements affect the quality of the forecast. People: who you…

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Why Forecast?

Why do we forecast? A forecast is an important part of your business plans. But why? For most organizations, there are four major reasons to forecast: Financial Predictability A budget helps an organization more accurately plan for the future and understand what the organization might look like in the near…

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True Sky to Exhibit at CPA The ONE Conference 2020

While we’re sad to not be exhibiting in person this year, True Sky is pleased to again be sponsoring CPA Canada’s The ONE National Conference for 2020. The conference runs online for two days next week (September 17 and 18). Be sure to stop by our virtual booth to learn…

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True Sky Launches Seamless Integration with Sage Intacct

July 6, 2020   TORONTO, ONTARIO – True Sky, corporate performance management software that simplifies the budgeting, planning and forecasting process, continues to develop a strong relationship with Sage by announcing a certified integration to Sage Intacct.   This integration is the third that True Sky has launched with Sage…

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More About Forecasting: Monthly Forecasting

Monthly forecasting – or reviewing your budgets every 30 days and putting together a new plan – is generally the best option to look at more detailed items, like line-by-line expenses, supply ordering, revenue growth targets, and the like. Think of it as a map or outline to help you…

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All You Need to Know About Quarterly Forecasting

Quarterly forecasts happen – you guessed it – every three months or every 90 days. They are generally more detailed than an annual forecast, but less detailed than a monthly one. (Last week we spoke about the annual budget process.) Quarterly forecasts can help you plan for seasonal changes –…

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