"ProjectionSmart has given me more confidence to open my own business after seeing the numbers being crunched and what it will take to breakeven and make profits."
~ Dylan, small business owner
Frequently Asked Questions (FAQs)
- Why was ProjectionSmart created?
- Why is business planning important?
- Can I really do a business projection by myself?
- Do I need ProjectionSmart if I already use an accounting program like QuickBooks?
- Can I use ProjectionSmart if I'm starting a new business or if I already have a business?
- Can I manage multiple companies on one ProjectionSmart account?
- To use ProjectionSmart, do I have to use QuickBooks?
- I'm a relatively new company. Can I use ProjectionSmart if I have less than 12 months of history?
- How do I save and share my results?
Why was ProjectionSmart created?
We started ProjectionSmart to help entrepreneurs and small business owners. We know how important understanding the numbers of your business is to your success. We also know that understanding your numbers can be really difficult for someone who doesn't have a finance or accounting background. That's why we made ProjectionSmart so easy to use! Hear the story of ProjectionSmart here.
back to topWhy is business planning important?
Business planning is creating a working plan for your business. No plan is perfect, but you still need to plan. Dwight Eisenhower once said, "Plans are useless, but planning is indispensable." Planning forces you to think carefully through all of your business decisions. It's the opposite of "winging it." In fact, lack of planning is the most common reason given for the failure of small businesses. Planning gets you started in the direction you want to go, and it helps you successfully adapt as circumstances change.
back to topCan I really do a business projection by myself?
Yes! With ProjectionSmart you can because we used our years of experience to make business projections simple. We've helped hundreds of entrepreneurs and small business owners like you who don't have a background in finance or accounting do their own business projections.
back to topDo I need ProjectionSmart if I already use an accounting program like QuickBooks?
Yes! You need a program like QuickBooks to do your daily accounting, track inventory, and get your monthly financial statements. Those statements give you important information about where your business has been. But ProjectionSmart helps you see where you are going! With just a few minutes each month, ProjectionSmart will help you see your financial future: What's the lowest my cash will get? Is there a financial crisis coming? Can I afford to buy that new piece of equipment? What would the financial impact be of expanding my business? ProjectionSmart helps you make better forward-looking financial decisions.
back to topCan I use ProjectionSmart if I'm starting a new business or if I already have a business?
Yes! If you are an entrepreneur who has an idea for a startup, ProjectionSmart will help you determine whether your idea makes sense financially by easily creating a 24-month financial model. If you are the owner of an established business, ProjectionSmart will help you see what your financial future looks like by creating a 12-month financial projection that you'll update every month.
back to topCan I manage multiple companies on one ProjectionSmart account?
Yes! Our Manage Companies feature allows you to manage any number of companies under your single ProjectionSmart account.
back to topTo use ProjectionSmart, do I have to use QuickBooks?
No. Any company can use ProjectionSmart to see their financial future. If you do use QuickBooks Online, the process is easier because we'll import your financial history directly from QuickBooks Online, saving you the data entry time. If you don't use QuickBooks Online, our easy-to-use forms will allow you to quickly enter your financial history and continue with the process.
back to topI'm a relatively new company. Can I use ProjectionSmart if I have less than 12 months of history?
Yes! Even if you've been around for less than a year, you should still be planning your future. Historical information is helpful in seeing trends, so just import or enter whatever historical information you have and continue with the process.
back to topHow do I save and share my results?
Your work is automatically saved on the cloud, and it will be there when you want to come back and make changes. You can print all reports and graphs to pdf and save them to your computer. The Proof Plan report is easily printed to pdf or pasted into a word processing document and saved to your computer.
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