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 is to map out simple income and forecast is to compare what your expectations are against your budget. 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
• Monthly and annual comparisons
• Budget vs. Actual and variances
• Actual amounts display in colour based on over/under budget
• Easily switch between base and foreign currency values
• Update budget amounts by grouping
Budgets & Forecasts