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