With a rolling forecast when a forecast period gets actual data that period moves out of the forecast and another period is added to the end of the forecast leaving the total number of periods in your forecast unchanged.
You can enter Actuals for each period and use the software management performance reports to monitor actuals versus budget and forecast. See how actual trading compared to the budget and forecast for the period.
Report actuals vs budget with variances. Compare actuals to current, year-to-date and full year budget and report variances.
Reports include actuals versus budget, variance as an amount and percentage and calculation of expected outcome based on the actuals to-date.
The software also calculates the cash flow from the balance sheet and profit and loss for the budget as well as actuals so the built in rolling forecasts include “actual cash flows”.
Rolling forecast benefits
Rolling forecasts in Visual Cash Focus budget software eliminates the annual budget process and transforms month end reporting from a laborious manual chore to quick and easy automated task.
When Actuals are entered the forecast automatically extends one period copying the data from the last forecast period. This data is then reviewed by management and adjusted accordingly. If you’re rolling monthly, after 12 times the forecast is already extended by a year and a comprehensive review of the data has already occurred and there is no need for another budget round.