Forecasting Tab

Access this tab using Reports>{Any Applicable Report}>Forecasting.

Use this tab to forecast actual amounts based on budget amounts or prior actual amounts. Actual amounts are for the same period prior year and budget amounts are for the period to be forecasted (by selecting a budget version as the basis). To use this tab, Actual needs to be selected as a column on the Content tab.

 

Based On: Select a value on which to base the forecast.

• Actual - Uses the actual amounts for the same period in conjunction with the multiplier value.
• {Budget - version name} - Uses the budget amounts for the period to be forecasted in conjunction with the multiplier value.

Start Date: Enter the start date for the forecasting period. It must be the first day of the month, quarter, or year (as it relates to the Reporting Period that was selected on the Options tab). And, it cannot be prior to the Opening Balances date on the Setup tab. The system uses the Ending Balances date on the Setup tab as the end date.

Multiplier: Enter the number to be applied against the "forecasted" amount, such as Actual multiplied by 1.5.