There are many apps that can be integrated into your Quickbooks Online software in order to provide extra value and Dryrun is one of them.
Dryrun was created right here in Edmonton and is a forecasting tool that will assist you in making better decisions about your business. You can forecast cash flow and sales and create pro forma budgets. There is also the ability to test “what if” scenarios so you can be ready for any situation your business may encounter.
It uses your Quickbooks Online data to forecast your company’s cash flow, sales and budgets. It uses simple, user friendly and easy to read graphics to provide a visual of the forecasted financial information.
Once the data is imported, you can start to create and/or adjust future scenarios that your business may encounter. For example, maybe you’ve received an indication that your company will be getting a large contract in two months. You can include this future cash flow to see how it will affect your business. It will help track invoices, bills and due dates as well as partial payments received on long projects to better show how your company needs to manage its cash. Dryrun allows you to run as many scenarios as desired to help you analyze what the future could hold for the company.
This tool can be invaluable when analyzing future projects, manpower requirements and capital requirements. The graphs will show you how much cash is available to the company going forward and predict if the company will need additional financing to fulfill its commitments.
Think Dryrun might be a good fit for you or have more questions? We’re here to help and happy to answer any questions you have! Feel free to contact us at 780-466-6204 or click here to send us an email.
Thanks to Darren Buma of KWB Chartered Professional Accountants for providing this content.
Darren Buma, CPA, CA
Darren has a passion for small business and loves to work with both budding and experienced entrepreneurs. After articling with KPMG and receiving his Chartered Accountant designation, he left to explore the world of small business. What he was expecting to be a short exercise turned into nine years of excitement. During that time he helped to grow and operate a variety of private companies in both commercial real estate development and computer software development.
In 2004 Darren joined KWB so that he could have the best of both worlds, running a small entrepreneurial firm and being in a position to help entrepreneurs like you, grow your business and secure your future. He became a partner at KWB in 2007. His knowledge and advice isn't just academic, Darren lives the roller coaster of entrepreneurship that you ride every day.
Aside from his responsibilities at work, Darren is active in the community. He is a past Chair of the Edmonton Chapter of Financial Executives Canada, sits on the disciplinary tribunal roster for the Institute of Chartered Accountants of Alberta, and is active in minor hockey both as Treasurer for his local hockey association as well as coaching numerous hockey teams over the years.
Darren's Contact Information
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