Blog | Forecast 5

Consolidations 3: Consolidation with multiple currencies

In the 3rd article of our series, learn how Forecast 5 helps you manage group consolidated forecasts across multiple currencies. We simplify currency conversions, ensuring your group’s financial reporting is accurate and straightforward, no matter the global footprint.

17.03.25 09:15 PM - Comment(s)

Consolidations 2: Intercompany profits & losses and loans

By Caroline

In the 2nd article of our series, dive into how Forecast 5 seamlessly handles intercompany profits, losses, and loans. Explore how our tool ensures the proper elimination of intercompany transactions, providing you with a clear, accurate consolidated forecast.

11.03.25 12:15 AM - Comment(s)

Consolidations 1: Forecasts made easy with all the bells!

By Caroline

In the 1st article of our series, discover how Forecast 5 simplifies consolidation forecasts, making complex processes like currency conversions and intercompany eliminations effortless. Learn how our software streamlines your forecasting process and ensures accurate group-level reporting.

05.03.25 11:17 AM - Comment(s)

Avoiding the AI sinkhole

By Caroline

As AI adoption increases, finance teams struggle with rising costs, unpredictable cloud bills, and shadow IT purchases that strain budgets. A recent survey reveals that while IT budgets are set to grow in 2025, many organisations lack the data to track and manage spending effectively.

08.02.25 11:29 PM - Comment(s)

Budgeting for 2025

By Caroline

And with all the changes wrought on the UK economy by “Rachel from Accounts” we have to be very nimble to keep ahead of what we anticipate will be a rapidly moving situation. Most commentators are expecting declining growth – we can only hope we can avoid the spectre of two quarters of zero growth, ...

29.12.24 06:32 AM - Comment(s)

A Century of Dedication: The Moredun Foundation’s Impact on Livestock Health

By Caroline

The Moredun Foundation has been a pillar of support in the livestock farming community for over a century, consistently demonstrating its commitment to animal health and welfare. The Moredun Foundation describe themselves as

“a mixed group of charities and commercial subsidiaries focused on pro...

28.11.24 12:36 PM - Comment(s)

Choosing Growth: US Partnerships or EU Regulations and Higher Taxes?

By Caroline

Is the UK at an economic tipping point? With GDP growth lagging behind the US and Europe, tough choices loom for the government. Explore what experts suggest—and why businesses need the right tools to navigate these uncertain times.

28.11.24 06:42 AM - Comment(s)

Lord David Pannick rides to the rescue of Independent schools

By Stephanie

The Autumn Budget presented last week has ruffled a not inconsiderable number of feathers with accusations of lying and broken manifesto promises flying. The Office of Budget Responsibility failed to support the Chancellor’s claim of a £22bn black hole left by the last government.

07.11.24 12:51 PM - Comment(s)

Surviving the School Fees VAT Raid

By Caroline

Independent Schools face a 20% VAT hike in January 2025. See how Forecast 5 can help Bursars plan and make data-driven financial decisions quickly and accurately.

20.09.24 01:18 AM - Comment(s)

Breaking down our stock records

By Stephanie

We know that budgeting for stock and its varying requirements can be a bit tricky. But Forecast 5 has 3 different record types to help you budget quicker and more accurately in a way that works for your business.

26.08.24 12:16 PM - Comment(s)

Raw Materials, WIP & Finished Goods - controlling the manufacturing process and enjoying the profits!

By Caroline

Efficient budgeting and cost analysis are essential for any business. Discover how Forecast 5's Stock on Hand functionality helps manage work in progress, production costs, and finished goods pricing across various industries.

07.08.24 08:46 PM - Comment(s)

The Audit, Reporting and Governance Authority (“ARGA”) and Forecast 5

By Stephanie

Right at the top of the King’s Speech(1) on 17 July, 2024 in only the third paragraph King Charles noted “Bills will be brought forward to strengthen audit and corporate governance, [Draft Audit Reform and Corporate Governance Bill]."

Known as ARGA, this bill has been a long time coming as this ...

25.07.24 08:31 AM - Comment(s)

How Forecast 5 can help you manage your organisation

By Stephanie

It’s a funny old world – the strange arithmetic of the UK’s “first past the post” system propelled Labour into the House of Commons with 63% of the seats whilst the Conservatives and Reform achieved a scant 20% of the seats with more votes!

To some, heaven on earth, to others Armageddon.

At Fore...

12.07.24 08:55 AM - Comment(s)

How Forecast 5 can help navigate in a changing political environment

By Stephanie

Unlike the pilot of the imaginary plane after last weekend’s European elections that saw major shifts to the right across multiple countries in the EU, the move in the UK if the pollsters are to be believed is that the UK will shift to the left.

At Forecast 5 we aren’t in the business of pickin...

17.06.24 09:04 AM - Comment(s)

Reflecting on Accountex London 2024: A week of connections and insights

By Stephanie

Reflecting on Accountex London 2024

23.05.24 02:59 PM - Comment(s)

Why would you use Spreadsheets for your forecasting when Forecast 5 is at your fingertips?

By Caroline

At Forecast 5 we look past the spreadsheets and show you the benefits of moving towards a more reliable budgeting and forecasting solution.

17.04.24 07:58 PM - Comment(s)

I & H Brown: Seeing a buoyant rise after riding out the Covid storm

By Caroline

When Covid struck and an IT glitch took hold, Forecast 5 was able to help I & H Brown look to a future with a prosperous outcome.

11.03.24 11:54 PM - Comment(s)

Factoring your debtors? - A guide to how Forecast 5 can help

By Caroline

We take a closer look at Debtor Factoring and how Forecast 5 can help you track the effect in your company.

16.02.24 03:43 AM - Comment(s)

Forecasting the Total Cost of Labour; quickly, transparently and accurately.

By Caroline

With the costs of salaries such a huge proportion of a company's expense, it is great to know just how Forecast 5 can hep control these figures.

05.12.23 05:08 AM - Comment(s)

Massive audit failures, a record fine, and a suggestion

By Caroline

In March 2017 KPMG signed an unqualified audit report for Carillion plc for the 2016 financial year, just as they had previously for the years 2014 and 2015.

In July and September 2017, Carillion announced provisions of £1.045billion primarily arising from expected losses on seve...

20.10.23 05:02 AM - Comment(s)

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Consolidations 3: Consolidation with multiple currencies

Consolidations 2: Intercompany profits & losses and loans

Consolidations 1: Forecasts made easy with all the bells!

Avoiding the AI sinkhole

Budgeting for 2025

A Century of Dedication: The Moredun Foundation’s Impact on Livestock Health

Choosing Growth: US Partnerships or EU Regulations and Higher Taxes?

Lord David Pannick rides to the rescue of Independent schools

Surviving the School Fees VAT Raid

Breaking down our stock records

Raw Materials, WIP & Finished Goods - controlling the manufacturing process and enjoying the profits!

The Audit, Reporting and Governance Authority (“ARGA”) and Forecast 5

How Forecast 5 can help you manage your organisation

How Forecast 5 can help navigate in a changing political environment

Reflecting on Accountex London 2024: A week of connections and insights

Why would you use Spreadsheets for your forecasting when Forecast 5 is at your fingertips?

I & H Brown: Seeing a buoyant rise after riding out the Covid storm

Factoring your debtors? - A guide to how Forecast 5 can help

Forecasting the Total Cost of Labour; quickly, transparently and accurately.

Massive audit failures, a record fine, and a suggestion

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