Budgets Features and Functions

• Multiple budgets for current and previous years


• Many versions of the budget can be created for the current year


• Stores multiple budgets of prior year


• Online reports of budgets to actual


• Compares budget versus actual dollar activity


• Budget versus forecast comparison


• Uses multiple tables to calculate and create budget/forecast balances and records


• Creates budgets for same titles or SKU over several months


• Specified titles or SKUs can be bypassed in a budget calculation


• Budget/forecast master files can be edited online to make top-line adjustments


• Formatting of budget reports similar to standard financial reports, but uses twelve months of data instead of one


• Formatting of roll ups and consolidations similar to standard financial reports, but uses twelve months of data instead of one


• Produces reports on standard operating system default


• Produces reports rounded to dollars, hundreds, or thousands


• Produces a consolidated corporate budget or re-forecast


• Multiple budgeting cycles for separate lines of business


• Increases or decreases overheads by entering a percentage for specific accounts or for groups of accounts


• Allocates an amount across accounts


• Allocates based on percentages, which are based on statistical account balances (such as head count and floor space)


• Automatically inserts account balances into the elapsed month's buckets at the end of each accounting period when the system rolls into the next period


• Rolls information for the current accounting period into the future forecast bucket prior to the system rolling into the next accounting period


• Changes future forecast bucket and rolls future forecast into current forecast


• Minimum of five budget and forecast files, including budget (this file never changes)


• Minimum of five budget/forecast files, including current forecast


• Minimum of five budget/forecast files, including next years' budget


• Reports budget, current forecast, and prior year actual using dollar amounts and percentages


• Multiple sets of cross charge percent (for current year, and forecast and future years)


• Changing percentages mid-year does not change numbers retroactively to preserve integrity of numbers that have been previously reported


• Automatically recalculates the budget or current forecast at prevailing exchange rate or another user-specified rate


• Different companies can have their forecasts rolled separately to comply with their budgeting timetables


• User-defined number of buckets allows multiple forecasts and variance analyses


• Creates forecasts using different timeframes for different business entities


• Stores historical data for a minimum of twenty-four months


• Reports can compare last year's actuals or budgeted amounts to current year's actuals


• Compares current year's budget and actuals against last forecast for previous year, actuals for previous year, or last year's budget


• Display all twelve months worth of the current year's budget by month, versus the most current forecast at the aggregate and detailed levels, and versus the prior year's actual at the aggregate and detailed levels


• Users may download the file from the system, create a spreadsheet version of the file for manipulation and editing by other users, then upload the altered file to the system


• Maintain budget and forecast comparative data in the GL and sub-ledgers for viewing and reporting on both balance sheet accounts and income statement accounts


• Restate the budget, forecast, or prior year results at the current foreign exchange rate and quantify what the change is due to the change in foreign exchange rates


• Runs actual, budgeted, and forecasted statements at the same time, using different exchange rates


• Generates and updates budgets in real time