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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Building a dynamic financial model requires separating data import from forecast calculations so actuals can update automatically without breaking your formulas. Traditional approaches mix data and calculations in the same cells, making automation impossible without destroying your model logic.
Here’s how to create a structured forecast model that maintains live connections to QuickBooks while preserving your calculation integrity.
Structure your model with separate data and calculation layers
Coefficient enables this through automated QuickBooks data sync capabilities that import actuals into dedicated areas while your forecast formulas reference that data indirectly. This creates a true dynamic financial model that updates automatically.
How to make it work
Step 1. Set up the data import layer.
Use Coefficient’s “From QuickBooks Report” for standard financial statements like P&L and Balance Sheet. Configure “From Objects & Fields” for custom data combinations. Set up dynamic date filters for rolling periods that adjust automatically.
Step 2. Build the calculation layer with indirect references.
Create forecast formulas that reference imported actuals using cell references like =Data!B5 rather than containing data directly. Build variance calculations comparing forecast vs. actual performance and rolling averages using historical actuals.
Step 3. Create the presentation layer for dashboards.
Build dashboard views that automatically reflect updated actuals and revised projections. Use charts and summary tables that pull from both your actuals data and forecast calculations.
Step 4. Configure the automation layer.
Schedule daily or weekly refreshes based on your forecasting needs. Set up automated refreshes that maintain real-time forecast updates without manual intervention.
Step 5. Implement scenario modeling capabilities.
Create scenario models that adjust based on actual performance patterns. Use the live QuickBooks data to inform forward-looking projections and identify trends in actual performance.
Maintain always-current forecasts with minimal effort
This structured approach creates a model that reflects the latest QuickBooks performance automatically while preserving your forecast logic. You get reduced maintenance, improved accuracy through real actuals, and significant time savings during month-end processes. Build your dynamic forecast model with automated QuickBooks integration.
