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This feature is included with Build out your forecast from prior periods
Yes, you can construct your forecast based on previous periods, such as last year.
We suggest different methods based on your familiarity with forecasting in Fathom, as well as whether you have an existing forecast in Fathom.
First time forecasting in Fathom or creating a new forecast
We recommend following our 'Get Started with Forecasting' workflow. The workflow introduces you to the different tools for building your forecast.
As part of the workflow, you create a 'Quick Start' forecast. With a 'Quick Start' forecast, Fathom looks at prior periods to choose the rules to apply to your forecast.
Learn more about the methodology used to create a 'Quick Start' forecast from our 'Forecast Onboarding Options' article.
Once your forecast is created, you can further customise the rules used to calculate your forecast. The 'Get Started with Forecasting' workflow takes you through these steps.
📝 Note: Want to start over with a 'Quick Start' forecast? You can delete your forecast or reset the baseline.
Use prior periods in an existing forecast
To create a forecast based on last year’s actuals in an existing forecast, you will need to change the value rules for each of the classification headings on the Profit & Loss.
The following value rules use data from prior periods to forecast future periods:
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Learn more about the differences between the value rule types and how to change the rules from our 'Forecast Revenue, Cost of Sales, and Expenses' article.
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