BizCortex documentation

Forecast

A linear projection of the coming months, based on the last twelve months of actuals.

Open Finance, Budgets, Forecast. BizCortex fits a straight trend line through the actual figures of the last 12 full months and projects it into the future. The chart shows the actual values and the forecast for each account, and a line for the result (income minus expenses).

Forecast
Screenshot of this screen

Who can use this

  • Owner
  • Admin
  • Accountant
  • Viewer

Steps

  1. 1. Choose the horizon

    Enter "Months ahead", from 1 to 36. Default 6.

  2. 2. Choose accounts

    Add accounts with "Add account". Without a selection, all P&L accounts with postings are used. Remove an account with the small x.

  3. 3. Read the table

    The Forecast table lists each account with its trend per month and the projected values.

Good to know

  • The forecast is a simple straight line. It does not know seasons or one time effects.

Related

  • Budgets

    Create yearly budgets with planned values per account, cost center and month.