# Forecast

> Forecast — The current best estimate of a period's results or cash, revised as actuals arrive. A budget says what was planned; a forecast says what is now expected.

Source: https://lopifi.com/glossary/forecast
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is forecast?** In accounting, forecast means the current best estimate of a period's results or cash, revised as actuals arrive. A budget says what was planned; a forecast says what is now expected.

## Also known as

- Reforecast

## Words this system refuses for it

- budget
- projection used for a plan nobody updates

- **Category:** Finance & planning
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [forecast-table](https://lopifi.com/md/components/forecast-table), [budget-vs-actual](https://lopifi.com/md/components/budget-vs-actual), [driver-model](https://lopifi.com/md/components/driver-model), [money-chart](https://lopifi.com/md/components/money-chart), [period-grid](https://lopifi.com/md/components/period-grid), [profit-and-loss](https://lopifi.com/md/components/profit-and-loss), [scenario-compare](https://lopifi.com/md/components/scenario-compare)
- **Related:** budget, period