BDO Know How April 2016: Forecast 5
27 April 2016
Forecast 5 is a budgeting and forecasting tool that has been designed for accountants by accountants.
Quick and easy transfer of data between your accounting packages and excel is an additional benefit of Forecast 5. Data can be easily uploaded into Forecast 5 to allow easy manipulation of the forecasts and budgets, then the data can be uploaded back into your accounting system. The ‘hot link’ option means that every time you download your data into excel, the data within Forecast 5 is automatically updated.
Re-forecasting becomes a quick easy exercise based on actual results so that budgeting and financial planning becomes a year-round exercise. Rolling forecasts and projections can easily be produced and reporting on the original or forecasted figures, becomes a straight forward exercise.
Reporting within Forecast 5 is versatile, a variety of reports are available including integrated Profit and Loss, Cash Flow, Funds Flow and Balance Sheet forecasts.
If you are looking for a tool to help streamline and simplify forecasting and budgets, it may be worth while sparing a few minutes to look into this software product.