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 of 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'd like to encourage you to think about your situation and choose the best start date for your needs.
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