As a part of the Financial planning features available to QuickBooks Online Advanced users, a new 'Forecasts' functionality has been released. Presently it is available to all U.S. QBO-Advanced subscribers. Intuit is planning on rolling-out this capability to all country versions of QBO-Advanced in the future.
Just like the daily or 7-day weather forecast can help you plan your day or the week, financial forecasts can help you set long-term and short-term goals for your business.
Forecasting is typically based on past performance and business trends. When building your forecast, your historical data is analyzed for patterns and then used to make projections based on that information.
With all your financial data available in QuickBooks Online Advanced, you can quickly and easily create forecasts and then use forecasts to create budgets.