Previous step: Building a forecast framework through mapping
Once you've built your forecast framework through the mapping process, it's time to enter your numbers into the Forecast tab of LivePlan. Remember:
- Your actuals represent the past
- Your forecast represents the present and future
This is why the actuals you've imported to LivePlan can't populate the Forecast tab. Instead, you'll enter your future predictions for revenues and costs in this tab.
This short video shows you how to get started:
Starting from a report
You may wish to run a Profit & Loss report from your accounting tool and use that as a starting point for your forecast entries. The P&L can tell you what you are currently earning (and spending) in your business, and this information can help you estimate future growth.
You might also find these articles helpful for entering your data into the Forecast tab:
- Helpful forecast features
- Forecasting your revenue streams
- Entering direct costs
- Entering expenses
- Entering personnel