BFT-Forecast

Creating a financial plan does not only help you see the big picture of how your business stands in the industry, but it also makes it easier to take financial decisions and focus on meeting your goals. BFT-Forecast is a tool that can help you create the financial model most suitable for your company and consequentially, come up with a long-term business plan that you can achieve.

First off, you should know that the app was designed on Microsoft Excel, so make sure that you have the suitable version installed on your computer. While the tool does not include tutorials and a Help section, the familiar spreadsheet UI is unlikely to give you any trouble.

The idea behind the app is to help you create a forecast for your financial future and come up with a sustainable plan that you can easily follow through. Navigate through the menu and access the several financial statements available where you can fill in the numbers related to your business.

Despite the fact that it is straightforward, it would have been nice if there was a way to keep the navigation menu open. This way it would have been easier to verify the data you insert in other statements and hence, reduce the risks of human error.

A noteworthy feature of the utility is the Control function, especially since it permits you to determine whether the data added previously is correct or whether you accidentally skipped relevant financial statements. If you discover that the numbers do not mix with what you have on paper, then you can go back and insert the required information.

As you would expect from a tool that deals with finances and accounting, you can preview the outcomes of your assumptions clearer via graphs. Although you can establish whether the sales, gross profit or operating expenses are on track in one go, sadly, you cannot customize these charts.

Whether you want to boost sales, change your financial plan or perhaps are thinking of expanding your business nationally or abroad, BFT-Forecast can lend you a hand with the critical financial statements so you can predict the outcomes and take better financial decisions.