Creating an iteration of a budget or forecast

You can create iterations of a budget or forecast that you can use to create a different versions, which you can use to explore the effect of changes to assumptions, drivers, and the impact of actual data.

Create an iteration of a budget or forecast

1. From the Command Center, click Financial Planning in the Planning and Relationship Management section. The Financial Planning page opens.

2. Click either the Budgets or Forecasts tab. An alphabetical list of budgets or forecasts is displayed.

3. Select the checkbox a budget or forecast and click +Plan. The Add New dialog box opens.
   
   
   

4. Enter the specifics for this iteration of the budget or forecast:

   Type	Select either Budget or Forecast from the menu,
   Select source	Select the New file group namename of the budget or forecast you want to copy. The New file group year field is added. a Use in file group name checkbox is also added.
   New file group year	Enter the year of the file group you want to use. The default value for this field is the year after the year source uses. You may want to change that year to the same year as your source.
   Use in file group name	Select this checkbox to automatically use the file group year in the full name of your budget or forecast.
   Name	Write the name to use for this budget. Note that once you enter a name, the displayed name for this copy is shown.
   Version	Enter the version information for the copy. This is automatically copied to the displayed name.
   Base period	Select the base period number for this copy from the menu.
   Copy inputs and projections	Select this checkbox if you want to use the same inputs and projections used in the source.
   Description	Enter a description for this copy. This field is optional.

5. Click Add when you have completed this form. This may take several minutes due to the large size of most file groups. When completed, the copy is listed on the Financial Planning page.