You can create a 3-way forecast of up to 3 years of monthly data in Fathom, including multiple scenarios and microforecasts. To create and customize your forecast, follow the steps below:
1: Creating a Fathom Forecast - getting started
- Find out which Fathom forecasting method is best for you
- Starting with last years actuals
- Starting with a budget or an existing forecast
- Creating a custom forecast
- Review your forecast tax methodology and general settings
2: Setting rules in the main grid - polishing your model
- Fathom Forecasting main grid functionality
- Setting up value rules
- Using a formula or drivers to set a value
- Setting up timing rules
- Setting key metrics in the Quick Metrics bar
3: Business Planning - plan, schedule, action
- Using a Microforecast to model business events (e.g. model an Asset Purchase)
- How to build scenarios with your microforecasts
- Analyse the financial impact of key events with the business roadmap
4: Reporting on your forecast
- Excel export
- Additional reporting components for your Forecast
Check out these other areas of interest:
- Updating the start date of a forecast
- Audit trail in Fathom
- Using Journals and Schedules in Fathom
- Viewing Actuals in the Fathom Forecast Grid
- Future Accounts
- Balance Sheet account movement audit schedule
- Forecasting in a consolidated group
Need additional training? - Check out our video guide (This webinar is more geared toward financial advisors using Fathom, though it has great information on forecasting for everyone. We are working on an SMB version as well).