Budget Planning - Budget Forecasts Improvements
Finance > Budgeting > Budget Forecasts
To enhance forecasting accuracy and usability for Senior Finance and School Leadership teams, several improvements have been made to the Budget Forecasts module.
Key Features:
Totals Panel: Users can now pin the totals panel to the bottom of the page, keeping summary data visible while scrolling through large budgets.
Based on Forecast Factor: Flexible application of forecast factors to previous year or actual data in generation of new forecast years, with options to distribute amounts evenly. Allowing users to base forecast factor calculations on an existing financial years actuals or budget.
Actuals Drilldown: Actuals cells now include drilldown links to view detailed ledger transactions, aiding accurate forecasting.
Additional Data: A new column displays actuals from two years prior for improved comparison.
Table Layouts: Users can save and reset custom table layouts (columns, sorting, filtering) for faster and consistent access.
These updates support multi-year forecasting (typically 3-5 years), enable rolling forward budgets with inflation, and maintain a clear distinction between budgets and forecasts.