The success of any business relies on the ability to effectively manage its financial resources. In the case of Software as a Service (SaaS) companies, tracking actual profit and loss versus the budget is the foundation of cash forecasting. Let’s take a deeper look at the differences between actual profit and loss and budget in SaaS companies, exploring the factors that contribute to accurate financial forecasting.   Defining Actual Profit and Loss and Budget Actual profit and loss (P&L) refers to the financial statement that tracks the revenue, expenses, and net income or loss of a company over a specific [...]