Budgets & Forecasts

The Budget & Forecasts module allows you to assign budget and forecast amounts to your General Ledger Accounts, to monitor how closely actual posted amounts coincide with the budgeted values. Budgets and Forecasts are two independent sets of amounts that may be used for different purposes – Budget being the outlook at the beginning of the year and Forecast being edited to match year end expectations. Typically Budgets and Forecasts are only maintained for Revenue or Expense accounts, but you may enter amounts for any account type.

Features include:

  • Last Year, This Year and Next Year Comparisons
  • Display monthly and full year columns
  • Actual amounts display in colour based on over/under budget
  • Foreign currency display
  • Easily switch between base and foreign currency values
  • Update budget amounts by grouping
  • Charts for period budgets, forecasts, actuals and accumulated variances
  • Export to Excel