Contents:
Introduction to Fathom Forecasting
The Forecast Creation Workflow
Begin the Workflow
Additional knowledge & common questions:
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Forecasting
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Getting Started with Fathom Forecasting
Getting Started with Fathom Forecasting
How to begin forecasting in Fathom & the Forecast Creation Workflow
Daniel Walls avatar
Written by Daniel Walls
Updated over a week ago

Contents:

Introduction to Fathom Forecasting

Forecasting in Fathom starts with choosing a forecast onboarding method and going through the onboarding process. Then, once the forecast is created, you’ll be able to further customise and tailor the forecast’s baseline to the company or consolidated group. After setting up the baseline, you’ll be able to better strategise and plan for business actions and scenarios.

Fathom’s Forecasting tool enables you to forecast out 3 financial years into the future beyond the current financial year.

The Forecast Creation Workflow

To get the optimal performance out of Fathom Forecasting, we suggest setting up your forecast according to the following workflow:

A. Creating a Fathom Forecast

B. Setting up the baseline for the forecast

  1. Access the main forecasting grid

  2. Set up value rules to calculate P&L values

  3. Use drivers in your forecast

  4. Set up timing profiles to forecast AR, AP, Deferred Revenue, and Prepaid Expenses

  5. Forecast tax

  6. Use journals & schedules to forecast depreciation, loans, and inventory

  7. Track key metrics with the Quick Metrics bar

C. Business Planning & Strategy

D. Reporting on your forecast

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

Begin the Workflow

To begin the Forecast Creation Workflow described in the checklist above, choose from one of the actions to take next:

What you want to do:

Where to go next:

Determine which type of forecast you want to use

Creating a Fathom Forecast

Already know which type of forecast you want to create? Go through the onboarding process of your choice.

Quick Start Forecast
Custom Forecast
Link to Budget Forecast

Completed an onboarding? Learn about the main forecasting grid.

Main Forecasting Grid

Additional knowledge & common questions:

Need additional training? - Check out our Forecasting Overview video.

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