When you jump into a forecast for the first time, you can watch a quick video to get your bearings on the tool. Initially you will need to set up a few configuration options to allow you to get started in a way that suits you best.

When you return to a forecast that has already been created, you will bypass the onboarding screens discussed in this article, and just be taken to the main grid.

Once you’ve created a forecast, you will be able to edit any component of the forecast, or override any settings that were dictated during the initial configuration process.

Read more about each method to help decide which starting point is the best fit for you!

Three ways to start

  1. Custom forecast
  2. ‘Quick Start’ forecast (in development and coming soon)
  3. ‘Link to Budget’ or upload a forecast

Custom Forecast - 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. To learn more about the Custom forecast option, see this article.

WHAT YOU'LL SET UP

  • Your default value rules and timing profiles
  • Default account linkages
  • Tax settings
  • Loans & depreciations

Quick Start Forecast - This option allows you to jump into forecasting right away with Fathom setting up everything for you. To learn more about Fathom's Quick Start forecast, please see this article.

Link to Budget - 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. More details about the ‘Link to Budget’ forecast can be found in this article.

WHAT YOU'LL SET UP

  • 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

Which method should I use to set up my forecast?

Custom Forecast

Quick Start Forecast

Budget Link

  • Gives you the most detail and control over your numbers.
  • Quickest way to get started.
  • Use a budget or existing forecast created in another platform or excel.
  • Define some key value & timing rules, 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.
  • 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.
  • Start with a set of numbers you’re familiar with and layer in rules, events and scenario’s 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.

💡Pro Tip: The onboarding method you choose does not add to or limit the customizability of your forecast once you have completed the onboarding and your Fathom forecast has been generated.

Did this answer your question?