Financial Forecasting checklist

Here’s a Financial Forecasting checklist

𝗚𝗲𝗻𝗲𝗿𝗮𝗹

• Document underlying assumptions for revenue, costs, etc.

• Historical data, market research, and industry benchmarks.

𝗦𝗮𝗹𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲𝘀

• Review past sales trends.

• Assess market conditions and growth potential.

• Evaluate current pricing and planned changes

• Analyze performance by channel.

• Forecast sales by customer type.

𝗗𝗶𝗿𝗲𝗰𝘁 (𝗩𝗮𝗿𝗶𝗮𝗯𝗹𝗲) 𝗰𝗼𝘀𝘁𝘀

Review historical records on purchased quantities, per products, per suppliers

Analyze historical records and % of scrap, shortages

𝗙𝗶𝘅𝗲𝗱 𝗮𝗻𝗱 𝗿𝗲𝗰𝘂𝗿𝗿𝗶𝗻𝗴 𝗰𝗼𝘀𝘁𝘀

• Gather historical data to analyze the patterns and trends of fixed costs

• Consider the potential impact of price changes or inflation on fixed costs

• Review agreements with fixed price

• Validate ratio numbers

𝗛𝗲𝗮𝗱𝗰𝗼𝘂𝗻𝘁 𝗮𝗻𝗱 𝗣𝗮𝘆𝗿𝗼𝗹𝗹

• Review historical headcount records, new comers, fluctuation etc.

• Full feedbacks and assumptions received by HR department

• Determine level of workforce needed

• Salaries industry benchmarking

• Consider one-time costs, bonus accruals

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