Usually, a forecast (rolling outlook) already exists at the time of committing.
In parallel, a new plan, e.g. for a fiscal year, can be created.
When committing, you have the choice:
Overwrite forecast – Your commit replaces the existing forecast.
Keep forecast – Your commit stays saved while the forecast continues.
Important:
The committed plan is fixed and cannot be changed.
Changes can only be made in the forecast.
If the option Overwrite forecast is selected, the forecast is calculated automatically based on the commit:
Past periods are replaced by actuals.
Future periods remain based on the plan assumptions.
This results in a realistic projection up to the end of the fiscal year.
In other words: The forecast shows where you would end up at year end if the plan is fulfilled 100% from now on.
Conclusion
Committing is the basis for the core strength of COMMITLY:
Fixed plan versions for transparency and comparability.
Automatically calculated forecast based on actuals and plan assumptions.
Intelligent controlling that makes deviations visible and classifies them correctly. Link to Deviations / Controlling
This way, you keep an overview at all times, learn from deviations and improve your financial planning step by step.