How to: Create your first project
Learn how to set up a new financial model by choosing the right time horizon and structure — the foundation for all forecasts and scenarios.
When to use this
Create a new project when you want to:
- – Start a new forecast or planning cycle
- – Model a company, business unit or legal entity
- – Create a clean baseline before running scenarios
Step-by-step
- 1. Click “New project”
From the dashboard, create a new project. Each project contains one integrated 3-statement model.
- 2. Set the start year
Choose the first year of your forecast. This is usually the last actual fiscal year or the 'baseline'.
- 3. Choose the forecast horizon
Select how many years you want to model. Free plans support up to 3 years; longer horizons are available on Pro.
- 4. Save and continue
Your project is created. Next, you’ll start filling in drivers beginning with the P&L.
Common mistakes
- – Choosing too long a horizon before assumptions are clear
- – Mixing actuals and forecasts in one project
- – Starting scenarios before completing the baseline
Once your project exists, start by defining the drivers that generate revenue and costs.
FAQ
No. You cannot adjust the horizon in project settings. Open a new project with a longer horizon and enter your new assumptions.
No. Scenarios live inside one project so you can compare them consistently with the scenario analysis tool.