Financial forecasts in Spain, what you need to know...
- Rolf Silver
- Jun 18
- 1 min read
Sorry to tell you this but your forecast isn’t wrong because of numbers, it’s wrong because of your assumptions.
I say this a lot to international CFOs.
Especially when they’re frustrated by Spain’s month-end chaos or baffled by disappearing cash.
Because most forecasting failures in Spain have nothing to do with Excel.
They fail because the logic is foreign.
The assumptions: payment terms, tax schedules, payroll lags, VAT refunds, are often lifted from UK or US playbooks.
But Spain runs on a different rhythm:
• VAT refunds? They can take months and may only be available once a year (unless you’re registered for monthly declarations).
• Payroll and social security are split across strange dates.
• Corporate tax is settled on a delay, but fines arrive early.
And the fines? They aren’t just inconvenient, they can be eye-watering!
The system isn’t broken.
It’s just different.
Financial forecasts in Spain
At End2End, we rebuild forecasts using Spanish-normal logic. We spot the pinch points, tweak the cadence and ground it all in the reality of how money actually moves here.
Because no CFO wants to be surprised three months in a row.
My top tip: Forecast in the local rhythm, or risk constant surprises.
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