The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others. Where Does the Data for Analysis Originate From? Progressive Financial Planning & Analysis (FP&A) and Accounting Departments sometimes use several different Profit & Loss Forecast Models, along with balance sheet and cash flow forecasts and other management and control tools. Other Forecast Template s Often Used in Conjunction with Profit & Loss Forecast Models The typical users of this type of forecast template are: CFOS, Controllers and Planning Managers. Who Uses This Type of Forecast Template ? You can find hundreds of additional examples here. Monthly Profit & Loss Forecast Report Example Here is an example of a Monthly Profit & Loss Forecast Report with actual data year-to-date and forecast for the rest of the year.
When used as part of good business practices in a Financial Planning & Analysis (FP&A) and Accounting Department, a company can improve its strategic and operating decisions as well as mitigate the risk that lack of profitability and related overspending occur. You will find an example of this type of forecast template below.Ĭompanies and organizations use Profit & Loss Forecast Models to provide executives and managers with a dynamic planning tool that speeds up and improves decisions related to revenues, expenses and profitability. This P&L forecast is typically linked to the Balance Sheet and together these two templates feed the Cash Flow Forecast. In the columns it automatically pulls actual figures year-to-date and then displays forecast for the remaining months. One key functionality in this type of forecast template can provide a month by month view of revenues and expenses at a GL account level. Profit & Loss Forecasts are considered one of the most popular type of planning models and are used by CFOs and planning managers to help plan any activity that will be driven by revenues, expenses and profitability. What is a Monthly Profit & Loss Forecast Report ?
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