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
- Custom forecast
- ‘Quick Start’ forecast (in development and coming soon)
- ‘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?
Quick Start Forecast
💡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.