How to Do Sales Forecasting in Excel
Sales forecasting in Excel is absolutely possible — and free. We’ll show you how to do it plus another free option to save you time.Â
Sales forecasting is not the most fun task for small business owners, but it’s important to get it right. It impacts your cash flow, inventory needs, budgeting, hiring, and financing options. So we’ll give you examples of a sales forecast and how to create your own sales forecasting calculator.Â
What is Sales Forecasting?
Sales forecasting is a data-based process of estimating the expected revenue for a specific time period in the future.
It’s usually done by looking at historical sales data and projecting future sales taking market and other factors into account.
How to Do Sales Forecasting in Excel: Step-by-Step