A Full Year/12 Month Sales Forecast Report is an estimated pattern of sales for the upcoming 12 months, created to predict the future profits for planning the expenses for the year. A planned expense budget will help the company in keeping liabilities to a minimum.
The Forecast Report is used by the financial department and the Directors to plan future action with respect to the product. The document is not given out to shareholding members of the general public.
A Full Year/12 Month Sales Forecast Report doesn’t have a specific set of contents list or defined requirements. This report depends solely on the estimated sales for the year. However, a few steps should be followed when making the report for a more accurate forecast.