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Bangalore- 560100, India
Budgeting and Forecasting
With Accounting softwares , you generally look only Present and Historic Data,
Whereas Nextgen You can see Your Future P&L of 2028 or 2030.
Every Product/ Project owner will enter their Manual targets for next 2 ,3 or 5 Years etc by each Product/ Project , By Account and By Location.
These targets/ plans / Goals can be entered in any currency. These are called “Original Forecast”
Month on month , AIS will autofills actuals and you can compare the Variances and Analyze what went wrong with Plans. This is “Current Forecast” (Which is Actuals till date + Forecast amounts)
If you run Nextgen AIS for atleast 2 years , based on its data Past trend or other data like Purchase orders , Quotations , Sales orders etc Factors , System automatically calculates Forecast , this is “System Forecast”.
Rest Magic is done by Nextgen AIS – Information system , You can download your Future 2028 , 2030 Profit & Loss By
- Location wise : Either by Business Unit / City / State / Country etc
- By Business : Either by Product/ Project / Sub Vertical / Vertical / Group Sub Vertical / Group Vertical etc
- Can Consolidate your Group , See your Group 2028 or 2030 Profit and Loss
- These Forecasted Profit & Loss can be generated in Document current / Entity Currency or Group Currency
- You can see What is your “Original Forecast” Vs “Current Forecast” Vs “Actuals Flown” etc
