🏆Unlock Advanced Budgeting with Forecast 5’s Memo Records
In the realm of financial forecasting, precision and adaptability are paramount. Forecast 5’s Memo Records offer a powerful toolset to enhance your budgeting process, enabling you to store non-financial data, calculate Key Performance Indicators (KPIs), and seamlessly integrate forecasts for comprehensive financial planning.
What Are Memo Records?
Memo Records in Forecast 5 are specialised entries designed to hold non-financial information that can influence your budget figures. These records serve as dynamic variables, allowing you to:
📊Store Non-Financial Data:
Capture essential metrics such as employee counts, operational days, or other relevant data points.
🛠️Calculate KPIs:
Define and compute KPIs directly within your forecast, providing real-time insights into your business performance.
🔗Integrate Forecasts:
Utilize Memo Records to link data across multiple forecasts, ensuring consistency and accuracy in your financial planning.
Key Features of Memo Records
Memo Records offer a range of functionalities to enhance your budgeting capabilities, including but not limited to:
🔄Hotlink to Other Forecasts:
Eliminate data redundancy by linking Memo Records from different forecasts, ensuring synchronized updates across your financial models.
📅Days Per Period Calculation:
Automatically calculate the number of days in each period, streamlining time-based analyses.
👥Employee Count Tracking:
Monitor the number of employees in your Wages Employee Groups, with automatic updates reflecting staffing changes.
📝Custom Formulas:
Craft tailored formulas to derive specific calculations, drawing data from various records within your forecast.
📉Percentage-Based Calculations:
Perform calculations as a percentage of key financial metrics, such as loan balances, fixed assets, profits, bank balances, or trade debtors.
💰Cashflow Options:
Analyse cashflow by income, costs, or wages, providing a detailed view of your financial liquidity.
Forecast 5’s Memo Records are a versatile tool that can significantly enhance your budgeting and forecasting capabilities. By integrating non-financial data and leveraging advanced calculation features, you can achieve a more accurate and insightful financial plan.
