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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.”
QuickBooks lacks built-in runway calculations and cash forecasting tools essential for growth company management. You need live tracking that updates automatically as your financial position changes throughout the month.
Here’s how to create a live runway tracking system that provides real-time visibility into your cash position and burn trajectory.
Build live runway tracking using Coefficient
Coefficient enables live runway tracking using QuickBooks and QuickBooks data through real-time refresh capabilities and comprehensive financial data integration. This addresses the critical gap that QuickBooks lacks built-in runway calculations and cash forecasting tools.
How to make it work
Step 1. Set up real-time cash position integration.
Import current cash balances from QuickBooks Balance Sheet using Coefficient’s report integration. Pull bank account data with automated daily refreshes to maintain accurate cash positions, and import accounts receivable data to calculate available cash including expected collections.
Step 2. Configure dynamic burn rate calculations.
Use live P&L data to calculate current monthly burn rates automatically. Set up rolling 3-month and 6-month burn averages for more stable runway projections, and create burn trend analysis to identify acceleration or deceleration patterns.
Step 3. Build automated runway projections.
Create runway formulas that update automatically as cash and burn data refreshes. Build scenario analysis with different burn rate assumptions, and set up conditional formatting to highlight when runway drops below critical thresholds.
Step 4. Create advanced runway metrics.
Build burn-adjusted runway accounting for planned hiring and growth investments. Add revenue-growth-adjusted projections for companies approaching profitability, and create multiple scenario modeling with best/worst case burn assumptions.
Make informed decisions with real-time runway intelligence
This live tracking system provides real-time runway visibility as expenses are entered in QuickBooks, eliminating manual cash position updates that often lag actual financial position. You’ll make informed cash management and fundraising decisions based on current reality. Start tracking your runway metrics in real-time today.
