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Any best practices/recommendations for Financial Model naming conventions?

Looking for some recommendations on how folks name their financial models. Goal is to be able to easily tell: - What month of most recent closed actuals model includes - Forecast version (assume linked to outside file) - Description of scenario Thanks in advance


Jon Placa
Title: Director of Finance and Operations
Company: NarrativeDx
LinkedIn Profile
(Director of Finance and Operations, NarrativeDx) |

Typical nomenclature:


For example:
"2016-03_Finance_Projections-work in progress.xlsx"
"2016-03_John Smith_paystub.pdf"

All files will be automatically categorized in chronological order, filterable by Person/Dept

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

I also use year - month model.

I used to file mm/yy but then found as you gain multiple years of data it takes longer to locate the actual file you need.

Courtney O'Callaghan
Title: Director of Financial Reporting
Company: Insurance Company NJ
(Director of Financial Reporting, Insurance Company NJ) |

I agree with the yy/mm style (sorts years together) but to know what actuals are in the model, we also use "# months actual + # of forecast" naming convention. For example, in April when we are forecasting the rest of the year and we've closed Q1, we refer to our model as a "3+9". 3 months of actual (Jan-March) and 9 months remaining in the forecast (April - Dec).
3+9 ---> Q1 Forecast
6+6 ---> Q2 Forecast
9+3---> Q3 Forecast

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