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Business Forecasting Made Simple
Forecasting for self-employed, small business, startups, work from home business

We made the forecasting of your business much simpler, by introducing our Forecasting system in mid-2019.

You forecast as many P&L accounts as you need - possibly as few as 10 accounts - and the system does all of the double entry book-keeping for you. You forecast the start quantity and the start price, set up percentage profiles - and the system does the rest. EASY.

Features that are unlimited:
  • Users
  • Collaborators 
  • Number of Forecasts available
  • Number of Profiles available
  • Accounts forecast-able
  • Locations forecast-able
  • Storage of forecasts

Limitations
  • Reasonable use policy


 
 
 
Important features included:
  • Example forecast
  • Simple forecasting process
  • Lockable forecasted data-sets
  • Cash Flow integration
  • Sales Tax or VAT
  • Full Double Entry book-keeping
  • No Adverts
  • No data scanning
  • No set up fees
  • No software to install
  • Use any browser
Expect in your system:
  • Professional forecast
  • Forecast Quantity and Price
  • Forecast current year plus 5 years
  • Easy export to Excel
  • Easy print
  • Integral Cash Flow
  • Lockable data for Budgets

 
 
 
Key aspects of Forecasting:

We made the forecasting of your business much simpler, by introducing our Forecasting system in mid-2019.

You forecast as many P&L accounts as you need - possibly as few as 12 accounts - and the system does all of the double entry book-keeping for you. You forecast the start quantity and the start price, set up percentage profiles - and the system does the rest. EASY.

Within the forecasting you may have as many locations as you require - these simply have to exist in your main chart of accounts. 

Multiple Forecasts:
You may save an unlimited number of Forecasts into the system - we recommend that you use the forecasts until you finalise an agreement - then convert the most likely forecast to being your BUDGET. This will then mean that you can track actual activity against your budget really easily. Also, this easy multiply up of forecasts means that you can complete SCENARIO PLANNING - and produce what-if analysis. Fantastic!

Download to include in your own reports:
When you have completed your forecasts, go to the Forecast View pages (in the P&L or in the Forecast sections) and you can copy the results by year or by month straight out to a spreadsheet. You will find that there is a column in the data which tells you what level the account or total is at, in your system - so making it easy to filter out the levels you do not want to see. 
For the specialists, you may download the entire data file and manipulate the data directly and understand the fields and content that is retained in the data row. 


 
 
 
How BusinessGT forecasting works:

You only forecast the account rows you want to forecast. These can be either detailed accounts, or the totals you see in a report. 
When you forecast a row, your data is predicted for the current year (year 0) and then for 5 years.
The period of your forecast is always your financial year - default March year end: you may modify the date in Accounting Settings. 

On each row, there you may set both a QUANTITY number, and a PRICE value - set at the beginning of the year. 
Then you may select and apply a FORECAST PROFILE which is a PERCENTAGE per MONTH, for the Quantity, and separately the Price. You may set up the forecast using hand input numbers (avoiding profiles is also easy).  You may have as many profiles set up as you wish. 

The system then multiplies the Quantity by the profile %, and the Price by the selected profile percentages for each of the future months.
Once the future values are calculated, the system processes the entries as double entry items. So a SALES line (which is usually negative quantity) is processed to the SALES Account, and to the DEBTORS Account.  PURCHASES are usually processed to CREDITORS. 

In the Account row details, you select the accounts to which the values are processed. 
VAT or Sales Tax or other tax is processed in line with your selection and input %.
CASH is also processed using the accounts you select and the system uses your allocation of cash transaction across up to 4 months. So your cash flow is automatically created within the system.

Whenever you save a forecast row, the system computes all of the entries required, and processes them all.