Choosing the forecast start date when you create a company Follow

When you create a new company, LivePlan asks you to choose a start date for your forecast. If you leave the default setting, LivePlan will automatically start your forecast in the current month. If you need to change the start date later, it's easy to do any time.

In choosing your forecast start date, there are a couple things to consider:

  • We usually recommend starting your forecast in the first month when you have any financial activity, such as income or spending. That way, you can include start-up costs in your forecast if you need to.
  • It's also wise to consider whether you want your forecast structured on a calendar year or a fiscal year. This is usually an important consideration for established businesses. Start-ups can be a little more flexible.

We encourage you to think about your own situation and choose the start date that works best for your needs. 

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