Cash Forecasting functionality enables you to accurately determine your company’s cash position at any time and lets you create, edit and print cash forecasts.
This application also lets you create scheduling, monitoring, and long-term planning forecasts.
You can also calculate both beginning cash balances (which are considered as “actuals”) and future cash impacts (which are considered as the forecasted amounts) for the specific timeframes in the forecast template.
Each screen in this application represents a different step in the process:
Use the Link Maintain Cash Forecast Templates and Cash Forecast Accounts screens to link existing accounts to groups and individual lines in the cash forecast. It is recommended that you complete the forecast template before you run the Create Preliminary Cash Forecasts process.
Run the Create Preliminary Cash Forecasts process.
Use the Edit Preliminary Cash Forecasts screen to edit the system-derived numbers or make any other necessary adjustments. You can also use an Export button (located on the menu bar) to export the template data to Excel using a CSV-format file. This function enables you to monitor duplications of accounts linked to multiple lines in the forecast template in this screen.
Use the Print Cash Forecast screen to print the forecast data.
You can create cash forecasts as often as necessary. Before creating a cash forecast, you must first create a cash forecasting template to determine the groups and individual lines to be displayed in the cash forecast.