What’s a Proforma and why do I need one?
What’s a proforma? A proforma is a business financial statement that is based on future, planned income and expenses. It’s not based on actual sales and it is not a sales forecast, but is used for brand new startup companies, for those that are expanding in to new product or service lines. It’s required to get bank loans for your business, when you don’t yet have a business started. https://www.inc.com/encyclopedia/pro-forma-statements.html A proforma looks at both income AND expenses (it’s more…