Financial Forecast - Budget Finance Company

A financial forecast is an estimate of future financial outcomes for a company or country (for futures and currency markets). Using historical internal accounting and sales data, in addition to external market and economic indicators, a financial forecast is an economist's best guess of what will happen to a company in financial terms over a given time periodâ€"which is usually one year. See Financial modeling.

Arguably, the most difficult aspect of preparing a financial forecast is predicting revenue. Future costs can be estimated by using historical accounting data; variable costs are also a function of sales.

Unlike a financial plan or a budget a financial forecast doesn't have to be used as a planning document. Outside analysts can use a financial forecast to estimate a company's success in the coming year.

Tools

Financial tools can be used by entrepreneurs to help them building their company's forecast (Score, Business Model Forecast, ...).

Financial Planning, Budgeting and Forecasting Webinar