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Forecasting for 2015, but not sure how? This tool will help you do it easily and effectively

by , 06 November 2014
With 2015 creeping ever closer, you've probably decided to start forecasting your finances for 2015. But as you stare at all your documents from 2014, you many realise you have no clue how to do this.

If you get it wrong, you could end up leading your company right into financial disaster in 2015.

Thankfully, there's a tool that can help you do your forecasting easily and effectively.

Read on to discover what it is so you can use it to do your forecasting today...

 

This tool will help you effectively forecast your finances for 2015

 
The best thing to use to do your financial forecasting is Excel. Because of the many ways you can use it to organise and display your financial information, you can use it to effectively assess your financial history.
 
This is a vital part of financial forecasting as past experience is the best indication of future ones. 
 
For example, if you use Excel to create a graph of your financial growth in 2012, 2013 and 2014, you can compare the growth from all three years.
 
If, in each year, the graph shows a sharp drop in sales around June and July, you can predict that 2015 will have a similar drop in the same time period.
 
It would be difficult to see this pattern if you just look over your documents from the last three years.
 
But that's not the only way Excel can help you with your forecasting.
 
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Here's another way Excel can help you with your company's financial forecasting

 
Using functions such as Excel Pivot Tables will allow you to pull relevant raw data into one table. This makes it easy to compare.
 
For example, you can see your expenses over the last three years to see how they've increased.
 
As you can see, using Excel makes it easy to do your company's financial forecasting so do this in your company today to make 2015 a prosperous one. 
 

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