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…

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…

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…

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…

True Sky Now Available as an Advanced Budgeting Solution on the Sage Business Cloud Marketplace June 30, 2020 TORONTO, ONTARIO – True Sky, corporate performance management software that simplifies the budgeting, planning and forecasting process, is now available on the Sage Business Cloud Marketplace. “I am excited to see the…

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…

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 –…

Last week, we outlined the three types or frequencies of budgeting. Today, we’ll share more detail on annual forecasts and what to consider. Annual forecasts look at data over a 12-month time period. This can be a good method for long-term, less detailed projects and analysis. It can be useful…

While yearly forecasting used to be the norm, companies are looking at more frequent budgeting to adapt to the fast-paced reality of the world we’re in. There are three common types of forecasting businesses undertake: Yearly Forecasting Quarterly Forecasting Monthly Forecasting Over the next three weeks, we’ll share more detail…

One of the issues we see many companies run into is deciding how detailed to make their budget. Often, people think more detail is always better – but really, its more like the story of Goldilocks and the Three Bears: you don’t want a budget that is too detailed or…