Answer to Question #73206 in Accounting for Ahsan

Question

How can the sales forecast spreadsheet be used to show which period profit milestones occur?

Answer 1

Sales Forecasting is the process of estimating what your business’s sales are going to be in the future. A sales forecast period can be monthly, quarterly, half-annually, or annually. Sale forecasting is an integral part of business management. Without a solid idea of what your future sales are going to be, you can’t manage your inventory or your cash flow or plan for growth. The purpose of sales forecasting is to provide information that you can use to make intelligent business decisions.
Source:
https://www.thebalance.com/sales-forecasting-2948317