They’re a way for you to test out situations you think may happen in the future. ![]() ![]() When it comes to accounting, pro forma statements are financial reports for your business based on hypothetical scenarios. Pro forma is actually a Latin term meaning “for form” (or today we might say “for the sake of form, as a matter of form”). Made or carried out in a perfunctory manner or as a formalityīased on financial assumptions or projections ![]() According to Merriam-Webster, “pro forma” means:
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