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On this page
  • How do I compare my actuals to budget?
  • How do I measure the impact of my forecast against budget?
  • How can I see my actual+forecast result against my budget?

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  1. Budgets & Forecasts
  2. Review the budget or forecast

Compare actuals, budgets and forecasts

Learn how to use the Financial Statements and Budgets & Forecasts modules together.

PreviousView the audit logNextExport a workbook or worksheet tab

Last updated 8 months ago

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User permissions: Budgets & Forecasts > Manage Budgets & Forecasts and Financial Statements > Manage Custom Statements

The Financial Statements and Budgets & Forecasts modules complement each other seamlessly. If you have both these modules, you can move between them to answer these common questions:

How do I compare my actuals to budget?

Suppose you have finished your Profit and Loss budget (and Balance Sheet, if required) and moved into the new year. Now you want to measure your actuals vs budget.

  1. In Budgets and Forecasts, to a new stream.

  2. In Financial Statements, .

  3. In Financial Statements, to display the actuals vs budget values. Typically, you need to perform the following actions (in any order):

    • to display the latest closed period.

    • to make the actuals vs budget comparison easier to see.

    • to display the new budget stream.

How do I measure the impact of my forecast against budget?

As a result of completing the above task, you can clearly see how you’re performing against budget. But suppose things have changed in a few areas and now you need to forecast values that are different to the budget.

  1. In Financial Statements, analyze the financial information to identify the emerging issues for which you need to forecast the difference.


How can I see my actual+forecast result against my budget?

As a result of completing the above task, you have a forecast that accounts for changes in the budget. Now you want to measure your actuals vs budget vs forecast.

In Budgets and Forecasts, from an existing Profit and Loss budget (and Balance Sheet, if required).

In Budgets and Forecasts, in the forecast(s) as required and to review the results of Actual + Forecast vs Actual + Budget.

In Budgets and Forecasts, to a new stream.

In Financial Statements, .

In Financial Statements, to display the actuals vs budget vs forecast values. Typically, you need to perform the following actions (in any order):

to display the latest closed period.

to make the actuals vs budget vs forecast comparison easier to see.

to display both the budget and forecast streams.

create a forecast
edit the forecast values
use the flagpole
publish the forecast
add the new stream to a budget
change your view of the financial statement
Change the period
Remove the Previous (year) columns
Change the budget data
publish the budget
add the new stream to a budget
customize your view of the financial statement
Change the period
Remove the Previous (year) columns
Change the budget data