Forecasting

Forecasting in Monitr lets you build financial projections on top of your actuals data. Instead of a single static budget, Monitr uses a three-level hierarchy that supports multiple scenarios, version management, and modular budget building.

The hierarchy

Forecast
  └── Scenario (one or many)
        └── Budget Version (one or many, spanning modules)

Level	What it is
Forecast	The top-level container for all your planning. An entity typically has one Forecast per fiscal year.
Scenario	A version of your plan — e.g. Base Case, Optimistic, Pessimistic. Each scenario can have its own set of budgets or contain linked budgets.
Budgets	A set of named budget modules.

Why scenarios?

Scenarios let you maintain multiple parallel forecasts without duplicating everything. You can:

• Link budgets between scenarios — a linked budget shares its settings and values over multiple scenarios. Changes to the budget version will impact all scenarios that contain this budget version.
• Duplicate budgets per scenario — each scenario has its own independent copy.
• Set as active — activate the radio button in front of the scenario name. This scenario will be used in baseline comparisons on dashboards and reports.

Setting up your first forecast

1. Go to Forecasts in the sidebar
2. Click Create forecast (or the plus icon)
3. Name your forecast (e.g. "FY2025 Plan")
4. A Baseline scenario is created automatically
5. Add budget modules to the baseline scenario (see Budget Modules)

Navigating the Forecasts page

The Forecasts page has two tabs:

1. Forecasts tab — view and manage all your forecasts, scenarios, and their budgets
2. Budget Accounts tab — create virtual accounts for forecasting at a finer level of detail

Global vs. Scenario budgets

Budget versions can be:

• Global — shared across all scenarios. Changes to a global budget affect every scenario.
• Scenario-specific — assigned to a single scenario.