Understanding the dashboard
The What-If Dashboard allows accountants to simulate different financial scenarios and forecast their potential impact on the business. By adjusting key metrics, the What-If Dashboard helps accountants model a variety of possible outcomes. This feature is relevant for decision-making, strategic planning, and risk management, as it allows users to test how certain actions or changes might affect financial performance, without the need to make any real-time alterations to actual data.
Why is it important?
The What If Dashboard offers you with the following relevant information:
By simulating potential financial scenarios, the What-If Dashboard helps businesses identify risks before they occur. Accountants can explore worst-case, best-case, and most-likely situations, allowing them to prepare contingency plans.
Enhances long-term financial planning by enabling strategic forecasting.
Allows accountants and business leaders to make more informed decisions by visualising the potential outcomes of various financial actions.
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Dashboard FAQs
How to use the What-If Dashboard?
Simply enter the desired values you want to test, adjust these values to reflect different potential outcomes. The dashboard will instantly calculate and display the projected financial impact of these changes.