What is aMonthly Balance Sheet Forecast Report? The Monthly Balance Sheet Forecast Report is a valuable tool for CFOs and planning managers. It provides estimates of liability and asset components, contributing to the cash flow forecast. The report includes historical data up to the current period and forecasts for the remaining months of the year. It also offers insights into trends and the timing of receivables and payables, aiding managers in decision-making. An example of this forecast template is provided below.
Purpose of Balance Sheet Forecast Models Balance Sheet Forecast Models serve the purpose of driving the Cash Flow forecast and enabling timely decision-making for companies and organizations. When incorporated into Financial Planning & Analysis (FP&A) and Accounting practices, they enhance asset, liability, and cash flow decisions, while mitigating the risk of financial obligations not being met.
Benefits to Users The use of Balance Sheet Forecast Models offers significant advantages to business users, empowering them to make better decisions and become more efficient in their roles. By providing comprehensive insights into liabilities, assets, and cash flow, these models enable users to gain a deeper understanding of their financial position. With access to accurate and timely information, managers can make informed choices that optimize resource allocation, identify potential risks, and capitalize on growth opportunities. Additionally, these forecast models enhance operational efficiency by streamlining financial planning processes and reducing the time and effort required for manual data analysis. By leveraging the benefits of Balance Sheet Forecast Models, business users can effectively navigate the complexities of financial management and drive sustainable business growth.
Balance Sheet Forecast Model Example Here is an example of a Monthly Balance Sheet Forecast Report with actual data year-to-date and forecast for the rest of the year.
Monthly Balance Sheet Forecast Report Example from Solver
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Who Uses This Type of Forecast Template? The typical users of this type of forecast template are: CFOS, Controllers and Planning Managers.
Other Forecast Templates Often Used in Conjunction with Balance Sheet Forecast Models Progressive Financial Planning & Analysis (FP&A) and Accounting Departments sometimes use several different Balance Sheet Forecast Models, along with profit & loss and cash flow forecasts and other management and control tools.
Where Does the Data for Analysis Originate From? 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. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
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