Skip to main content
All CollectionsForecastCreate a forecast
Create a Forecast in Fathom
Create a Forecast in Fathom

Which Fathom forecast onboarding method is right for you?

Updated over a week ago

This feature is included with Fathom Pro - the plan with access to all of Fathom's features. Companies on Portfolio can be upgraded to Fathom Pro at any time.

The Types of Fathom Forecasts

There are three different onboarding processes to help you set up a forecast for an entity in Fathom.

  1. Custom Forecast

  2. Quick Start Forecast

  3. Link to Budget or import a forecast

Forecast Onboarding Option

What it means

What you set up

during onboarding

Custom forecast creation allows you to start from scratch and set up key accounting methodologies and relationships to get to a precise forecast. You can then drill down even closer to individual accounts or headings to apply custom methodologies at a more granular level.

This option allows you to jump into forecasting right away with Fathom setting up the baseline rules for you.

You can learn more about the methodology in our 'Quick Start Forecast' article.

This allows you to link your forecast to an existing budget import. If you have an existing forecast you want to build off of in Fathom, you can import that as your company budget.

  • Sync your Xero, Quickbooks, or MYOB budget to start
    ​
    ​

  • Or download our Excel template and format your budget or existing forecast for upload in Fathom

💡Smart Tip: Check out our Forecasting Overview video for a 19-min overview of the Forecasting tool.

Which method should I use to set up my forecast?

Custom Forecast

Quick Start Forecast

Link to Budget

  • Gives you the most detail and control over your numbers.
    ​
    ​

  • Define some key value & timing profiles, account linkages, tax & depreciation rules, before generating your forecast.
    ​

  • Once your baseline forecast is generated, you can get specific by changing the rules that apply to specific accounts.

  • Quickest way to get started.
    ​
    ​

  • Uses our smart prediction linear regression methodology to get started.
    ​

  • Mathematical modeling does the heavy lifting for you and allows you to fill in the details where a human touch is needed.

  • Use a budget or existing forecast created in another platform or Excel.
    ​
    ​

  • Start with a set of numbers you’re familiar with and layer in rules, events and scenarios to get the most out of your forecast.
    ​

  • Use linking to upload a baseline forecast or budget and leverage our business planning and visualisation tools to communicate the forecast quickly and effectively to clients or stakeholders in your business.

💡Smart Tip: The onboarding method you choose does not expand or limit the customisability of your forecast once you have completed the onboarding and your Fathom forecast has been generated.

Next steps

Continue the 'Forecast Creation & Setup Workflow' by choosing from one of the next steps below:

What you want to do:

Where to go:

Create a 'Quick Start Forecast'

Quick Start Forecast

Create a 'Custom Forecast'

Custom Forecast

Create a 'Link to Budget' Forecast

Link to Budget Forecast

Learn more

Did this answer your question?