Tips for Improving the Accuracy of Your Sales Forecast
Your Garde Sales Forecast helps your team plan ahead. Here are tips for getting the most accurate projections.
Your Garde Sales Forecast helps your team plan ahead. Once budget tracking is available (coming soon), it will also feed directly into your budgets.In order to get the most accurate forecasts, you’ll want to make sure you’re taking steps to adjust your sales forecast for any atypical situations.Here are some tips to make sure your forecast is as accurate as possible.
Is there a big concert happening nearby and you expect to see increased sales this weekend? Or is construction happening in front of your restaurant, likely leading to decreased foot traffic and therefore fewer sales?Account for these events in your forecast by manually adjusting sales in your day forecast.Here is how: Click on the day, click to “Edit Forecast,” then adjust the sales as needed. Click “Save” when finished.If you need to close your restaurant on a day you are not typically closed (for weather, family matters, etc.), you will want to mark that so there is no forecast generated that day.Here is how: Click on the day and then toggle the slider to “Closed” instead of “Open.”Here is how: Click on “More Options” at the top and “Adjust Forecast Setup.” Knowing which days you are operating will make the forecast even more accurate.
Once category budgets are available (coming soon), you’ll want to make sure your forecast is set up correctly by categories as well. In the meantime, reviewing your forecast by category type is still a great practice.Use the filter to view food, liquor, retail, and other category forecast, and make any necessary adjustments.
Add notes when you adjust the forecast so everyone knows why there’s been a change. Plus, you’ll be able to refer back to it to know why the forecast was higher or lower than usual.Here’s how : Click on the day to open and click in the box to “Add a Note”.