The 10 Most Common Forecasting Mistakes

January 9, 2023

In an effort to build a social brand and attract followers to purchase their services, FP&A thought leaders are providing great and timely content on LinkedIn today. 

One example is a guide released by Josh Aharonoff. Josh offers his take on the 10 most Common Forecasting Mistakes. 

Here is a summary of the 10 pitfalls to avoid:

  1. Does not include 3 financial statements
  2. Does not include Actuals 
  3. Chart of Accounts don’t match to accounting software 
  4. Cash is not dynamic 
  5. Inputs & Assumptions are not consolidated 
  6. No error checks
  7. No ongoing analysis on
  8. Forecast not compiled collaboratively
  9. Information is too complex to understand and update 
  10. Data is now shown on an annual, quarterly, and monthly basis

Access the full guide