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Get Started with Forecasting

How to begin forecasting in Fathom & our recommended workflow

Updated over 2 weeks ago

This feature is included with Fathom Pro - the plan with access to all of Fathom's features. Companies on Portfolio can be upgraded to Fathom Pro at any time.

How does forecasting work in Fathom?

Fathom enables 3-way forecasting (Profit & Loss, Balance Sheet, Cash Flow Statement). You can also bring in data outside of your financial results for driver-based forecasting.

Forecasting in Fathom begins by creating your forecast. Once your 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.

By default, Fathom enables you to forecast 3 financial years into the future beyond the current financial year. You have the option to extend the forecast to 5 years beyond the current financial year after you've created your forecast.

Get Started with Forecasting Workflow

To get as much value from Fathom's forecasting tools as possible, we recommend the following workflow:

  1. Create a Quick Start forecast.
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    1. We recommend the Quick Start option for anyone forecasting in Fathom for the first time. If you've forecasted in Fathom before, you can choose another forecast onboarding option.
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  2. Forecast the Baseline
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  3. Forecast What-ifs
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  4. Report on your forecast

💡Smart Tip: If you're an Advisor or Admin-level user on a Fathom account, you can follow and complete the Forecasting Checklist steps within Fathom. Launch the Forecasting Checklist

Create your forecast

To create a forecast and access the forecasting tool:

  1. Click the Forecast icon or Forecast tile for your Fathom company.
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  2. Choose a forecast onboarding option.
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    1. If you're forecasting for the first time in Fathom, we recommend the Quick Start option.

Training videos

💡Smart Tip: Everyone can watch a 19-minute Forecasting Overview video to learn about forecasting in Fathom.

Admin and Advisor level users can access short training videos from the left sidebar of the forecast.

Next steps

After you've created your forecast, you're ready to start forecasting your baseline:

Forecast the Baseline

Learn more

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