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A financial forecast is prediction concerning future business conditions that are likely to affect a company, organization, or country. A financial forecast identifies trends in external and internal historical data, and projects those trends in order to provide decision-makers with information about what the financial status of the company is likely to be at some point in the future.

Forecasted financial statements can lead your business to profitability and can help you to achieve financial goals. Also, some businesses seeking licensing from the state of Florida are required to submit forecasted financial statements.