Overview of Budgets & Forecasts use cases

Learn how to use the Budgets & Forecasts features to help with planning and problem solving.

In addition to the core budgeting and forecasting processes, here are some of the common use cases for Budgets & Forecasts module:

• Performance comparison: See the Compare actuals, budgets and forecasts to learn how to use the Financial Statements and Budgets & Forecasts modules together to compare your actuals against your budgets and forecasts.

• Scenario planning: See the Lookup tab page to learn how you can use this type of worksheet to experiment with different assumptions and scenarios without having to create multiple versions of your budget.

• Headcount planning: See the Headcount tab page to learn how to manage one of your biggest expenses, headcount. Create detailed budgets for each employee with data sourced directly from the HRIS system, including salary adjustments, bonuses, commissions, and benefit plans.

• Demand (inventory or stock) planning: See the Demand planning page to learn how to create a budget based on your purchasing and stock database to ensure you've always got the right stock amount on hand.

• Loan management: See the Loan repayments page to learn how to manage your loan data and calculate repayment and interest amounts per period.