Financial forecasts are prospective financial statements that present an entity's expected financial position and the results of its operations and changes in its financial position. They are based on assumptions reflecting conditions it expects to exist at a time in the future. Financial projections are prospective financial statements that are based on hypothetical assumptions, and present an entity's expected financial position, results of operations and changes in financial position based on those assumptions. A projection is sometimes prepared to present hypothetical courses of action.

Businesses are often required to prepare forecasts or projections and should always operate with a budget. We can help you prepare these reports for internal purposes to help assess a course of action such as a move to a new location or to purchase or discontinue a business or we can help you prepare these reports to support a bank financing application or to meet the terms of your current banking agreement.