Rolling Forecasting Is Important To Achieve Your Budgeted Results

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Your business has achieved 3 months of Actual performance. In accounting, we call this Year-To-Date or YTD Results.

Then you do a 9-month Forecasted Results, in accounting we call this Year-To-Go or YTG Results.

So in short, YTD + YTG = expected Full Year results, or we call this Rolling Forecasting.

If YTD is under-achieved, then YTG has to stretch a little, in order to achieve Full Year’s budgeted results.

Hence, it is important to always have a good feel of your YTD, in order to know how much you need YTG.

Timely accounts processing is important to let you have a good feel of your YTD, and timely tweak of your Actions forward will be important to achieve your YTG!

Get it?

If you need help, feel free to contact us at :

(M) +65 90880669

(E) [email protected]

Written by Kelvin Loh