To use budget and forecast, the "Financials" add-on is required. For groups, the "group consolidation" add-on is also required.
The function for creating and managing budgets and forecasts is under Financials / Group Financials > Budget.
Difference between budget and forecast
Budget and forecast can be used in parallel; the main difference between the functions lies in the formulas used in the components.
Forecast (Forecast formula) shows actuals for previous periods as well as forecast values for the remaining periods.
- This means, for example, that if the numbers in a forecast are accumulated in a report table, the numbers in that column will sum actual values, as far as they have been entered, with forecast values for upcoming periods. If it is an accumulation for the whole year in a single column, only forecast values are shown; the values are not combined.
Budget (Budget formula), on the other hand, always shows the values from the selected budget in each column.
Create budget/forecast
Here we have collected additional guides that may be helpful when working with the budget and forecast.
Budget/Forecast - Create, edit and delete
Upload a budget with a chart of accounts other than BAS chart of accounts
Import budget from my budget template
Use a budget/forecast in a formula using a tag
How do I add budget or forecast to my tables and graphs?
Budget/forecast business area - subsidiary - group
It is possible to manage the budget/forecast at levels other than for the entire organisation.
A budget or forecast for a business area is created in the same way as for the whole company, as described in the guide Budget/Forecast - Create, Edit and Delete
It is also possible to combine existing budgets or forecasts, either within an individual organisation or across a group. Further information can be found in the guide 'Merge budgets for subsidiaries/business areas'.
Use the budget/forecast in components
How do I add budget data to my tables and graphs?.
Here are some tips on handling accumulated values in components that also include budget or forecast, Accumulated values in columns.
Budget and forecast for KPIs
It is also possible to use a budget and a forecast for KPIs. In the guide Create KPIs There is further information on how those values are created. It is also possible to import values via a spreadsheet. See more in the guide Enter key figures in a KPI template.
Troubleshooting budget/forecast
In this guide, we have listed various sources of errors and solutions that may facilitate troubleshooting, Troubleshooting budget and forecast.