Budgeting and forecasting software for small businesses

Yes, Profit Frog integrates with QuickBooks Online (QBO). Easily import your data from QBO and you’ll soon be planning, budgeting, and forecasting in Profit Frog. You’ll be able to generate dynamic forecasts of future financial performance and profitability under different scenarios.

No Profit Frog does not replace QuickBooks or your current accounting solution. Think of us as a financial planning add-on that gives you insights and reporting capabilities that online accounting software does not provide.

Essentially, our financial performance management software extends the capabilities of your current online accounting solution.

Yes, Profit Frog has no long-term contracts and will allow you to change or cancel your plan at any time.

Profit Frog is so easy that you can get set up all by yourself. That said, we do offer a free, one-on-one white glove onboarding service when you sign up for the free trial.

Profit Frog is the best forecasting software for small businesses because we eliminate clutter and focus on the metrics that matter most to a small business owner. Specifically, we model profitability under different dynamic conditions.

Profit Frog takes all your actuals and uses them to forecast multiple possible futures that you can manipulate. We call these “profitability models” and they allow you to create a dynamic plan that can be adjusted as conditions change.

From accounts payable to cost of goods sold to operating expenses and other financial statements, we factor all your key business drivers and allow you to manipulate them to envision future scenarios. It’s the ultimate performance management tool.

Financial forecasting software helps companies visualize the future under different types of conditions. Depending on the forecasting software, companies can model cashflow, costs, and other key metrics based on their financial data and business goals. 

Profit Frog allows business owners to model profitability under dynamic conditions. We focus on profitability because profits are what matter to small business owners.

If you’re a QuickBooks Premier, Accountant, or Enterprise user, you do have access to some forecasting capabilities. Specifically, an accounting tool such as QuickBooks Online Advanced can help you forecast revenue based on expense tracking and previous performance. 

Firstly, business accounting software forecasting is based on past performance. What if you want to forecast based on other variables that have nothing to do with the past? Profit Frog allows you to do just that.

Secondly, QuickBooks forecasts revenue. While revenue is important, profit is more important. Our profit forecasting includes revenue as per the classic business profit formula: profit equals revenue minus expenses. By forecasting profit (revenue and expenses) instead of revenue only, Profit Frog allows for more accurate and actionable financial modeling.

After all, would you want higher revenue if it meant lower profits? No. Neither would we. Yet such a scenario does happen in business if expenses increase in greater proportion than revenue.

Forecasts from QuickBooks and other expense tracking software are limited in nature because they are based strictly on projecting into the future from current and past financial reports. Profit Frog, in contrast, allows you to manipulate different variables to see into the future. 

For example, you can increase or decrease COGS, change the unit price of your product, increase your salesforce, or otherwise instigate hypothetical variations from your actuals. These hypotheticals are called scenarios, and the discipline of forecasting into an uncertain environment is called scenario planning. Scenario planning helps your business be antifragile.

Profit Frog includes budget processes, along with so much more. Our software solution focuses on helping you maximize profitability by being aware of all the key factors of your business. From COGS to sales to overhead, you will have an extremely accurate view of present inflows and expenses, and will be able to forecast future profitability. In that sense, we do function as a budget software, because we help you with expense management and visibility. But we go way beyond budget planning.

Where other budgeting tools are static, our budget and forecast processes deliver a dynamic plan that you can consistently update as actual conditions change.

You forecast profit and loss by forecasting total sales, forecasting expenses, and subtracting the latter from the former. Profit Frog does this easily for small business owners, and allows them to manipulate different key variables to see how future profits change under different conditions. 

With Profit Frog, you don’t need entire finance teams and budget maestros on staff. You just need to follow our easy step-by-step process to generate your own profit forecasts.

A rolling 12-month projection is one of many forecasting methods that looks 12 months into the future. Unlike a calendar year forecast, the 12-month rolling forecast continually adds an additional month to the forecast each time a month ends. Thus, the 12-month projection helps you plan and forecast for the next consecutive 12 months into the future.

1. forecast profits (revenue minus expenses)
2. divide gross revenue by profits
3. multiply the number from Step 2 by 100

Our profitability management software does the heavy lifting. Not only do we help you forecast your profit margin, but we do so under multiple potential scenarios in a way that can be dynamically altered and updated.

Read our article on profit vs revenue to see why we make profitability our focus.

Excel forecasting is typically done by specialists in large corporations that have the budget to hire said specialists. We created Profit Frog to spare you (and ourselves) the headache of forecasting in Excel.

If you must know, however, the basics of how to create a Microsoft Excel forecast can be found in this article.

We are not exactly a demand forecasting solution; we are something even better. You can use Profit Frog to model profitability by adjusting expected demand, expenses, sales volume, and much more. This is known as adaptive planning, dynamic planning, or scenario planning—and it is the next step beyond demand forecasting.

We are not a complete project management or business management platform, which most small and medium sized businesses don’t need anyway. Rather, we are a financial management software focused on profit optimization. From your supply chain through your sales cycle, we help you track expenses and model which business decisions will bring greater profits.

Essentially, we help you find the path of least resistance to make and keep more money. This helps you save time, have less stress, and be more productive. These are the end goals of every corporate performance management software program, anyway, right?