How do I create a new Budget? An overview of the four main methods you can use
FUTRLI allows you to create detailed Budgets within the Scenario section, with four different Forecast Methods available. Simply select the Scenario that requires altering, select the Account Line and then click the green cross adjacent to that Account Line name.
Option One: Single/Repeating Entry
The first option is designed for Account Lines with a consistent Invoice amount and consistent repetition pattern.
Option Two: Set Monthly Growth Rate
Example: Wet Sales
Monthly Growth Rate is for an Account Line that is expected to steadily increase over a period of time. The Increase or Decrease levels can be set based upon a manually entered amount, or by previous 3, 6 or 12 month periods of data.
Option Three: On The Fly
Example: Food Sales
On The Fly gives a greater range of option for the user by allowing a monthly amount to be entered.
Option Four: Formula Method/Last Years Actuals
Example: Food Cost
The final option allows a Formula to be introduced.