Budget Planning
Corporate budget planning module organized in Books and Revisions to manage different budget versions.
What is it?
Corporate budget planning module. Organized in Books that group Revisions, allowing management of different budget versions.
Creating a book
A budget book needs three essentials: a name that identifies it, the fiscal year it covers, and the currency it is expressed in (EUR, USD…). You can also add optional details such as a type to categorize the book and an internal reference code.
Creating a revision
Each revision must have a title and a revision type, which can be Baseline, Update, Forecast, or What-if. Optionally, you can set the effective date from which it applies and a description of the changes from the previous version.
What you can do
Budget Planning is built around versions you can compare. You can create a book as a new budget container for a fiscal year, and create a revision as a new version that inherits the lines from the previous one. To track how the plan evolves, you can compare revisions side by side to spot differences, and import or export budget lines in Excel format.
Actuals — Real Costs
Register of all real expenses and income of the company, linked to accounting accounts, cost centers, departments, and vendors.
Catalogs
Master data library that powers selectors in Actuals and Budget Planning — accounting accounts, cost centers, departments, vendors, and employees.