Business Forecasting EOFY process

Simona Riftin

Updated 06 June 2026 14:09

Business Forecasting (BFM)

Finalise Business Forecasting (BFM)

Complete your BFM review, post journals, and confirm your P&L before rolling into the new financial year.

Overview

Complete your end-of-period review and post BFM journals before rolling forward.

You can continue making updates and repost journals until the P&L is finalised. Once BFM end of month is run, no further changes can be made.

Warning

Once BFM end of month is run, changes to the P&L are no longer possible. Confirm everything is correct before proceeding.

Step 1 — Review and run reports

Step 2 — Post BFM journals

Generate and post BFM journals. Repeat journal generation until the P&L reflects all activity.

Step 3 — Validate your P&L

Review the full financial year Profit & Loss to ensure all project activity is captured.

Step 4 — Run BFM end of month

Once final, schedule BFM end of month to roll forward into the new financial year.

Validate and reconcile

Review projects and forecasting

Adjustments and processing

You're done when:

✓ All reports have been reviewed

✓ BFM journals are posted and P&L is final

✓ BFM end of month has been completed

✅ EOFY process complete

If you still need assistance, you can log a case via the BP Support Portal to arrange time with a consultant.