Forecasting

Forecasting is a systematic process of predicting or estimating future events, trends, or outcomes based on historical data, statistical analysis, and expert judgment

Accounting and Finance

What is Forecasting?

Forecasting is a systematic process of predicting or estimating future events, trends, or outcomes based on historical data, statistical analysis, and expert judgment. It involves analyzing past data patterns, identifying relevant factors and variables, and using this information to make informed projections or forecasts about future conditions or developments.

For forecasting in NetSuite, ZoneReporting helps finance teams visualize all their ERP data in Power BI so they can analyze it and accurately plan and project for the future.

Recommended terms

Account Reconciliation

Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

Accounts Payable

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.

Accounts Payable Days

Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.

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