What is a Payroll Forecast Assumption Input Form?

Payroll forecast assumption templates are considered a key part of automated forecast models and are used by HR and budget managers to drive salary, tax and benefit calculations. Some of the key functionality in this type of forecast template automates calculations of otherwise data entry-intensive payroll forecasts and budgets. It also allows for quick changes of assumptions that results in new payroll expenses and scenarios. You will find an example of this type of forecast template below.

Purpose of Payroll Forecast Assumptions

Companies and organizations use Payroll Forecast Assumptions to support their workforce planning activities and to enable quick changes based on business demands. When used as part of good business practices in a Financial Planning & Analysis (FP&A) and HR Department, a company can improve its expense control and hiring plans, as well as reduce the risk that personnel forecasts and budgets do not match reality.

Payroll Forecast Assumption Example

Here is an example of an assumption form where the user enters figures that drive the payroll forecast.

Payroll Forecast Assumption Input Form

Payroll Forecast Assumption Input Form

You can find 100’s of additional examples here.

Who Uses This Type of Forecast Template?

The typical users of this type of forecast template are: Human Resources (HR) and budget managers.

Other Forecast Templates Often Used in Conjunction with Payroll Forecast Assumptions

Progressive Financial Planning & Analysis (FP&A) and HR Departments sometimes use several different Payroll Forecast Assumptions, along with payroll templates and other forecast and planning models and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.

In analyses where budgets or forecasts are used, the data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Technology Solutions and More Examples