Fathom allows you to import a budget directly from Xero, QuickBooks, or MYOB. You can also import your budget from Excel. This is useful if you use other forecasting tools for creating your budgets.
You can only have a single budget imported for a company, but this budget can be easily switched.
Budgets have several functions in Fathom:
- Easily set targets for financial KPIs
- Perform 'budget vs actual' variance analyses
- Create rolling forward projections (like in the Revenue analysis report)
- Perform forward projections (i.e. combining actual and budgets to project full year results).