Why Associations Should Consider Financial Forecasting

Why Associations Should Consider Financial Forecasting

Finance By: Brian Teague

Don't get caught at the end of your fiscal year with an unexpected surplus or shortfall. Periodic financial forecasting will allow your association to adjust course as needed and avoid missing important budgetary targets.

When you leave the house without checking the weather forecast, you sometimes get caught in the rain without an umbrella. The same can be said for an association and its financial health. If an association doesn't take the time to perform financial forecasting, it could encounter some unpleasant budget surprises. ...