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 profiles
- 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 for accountants or our video guide for SMBs.