Downloaded and installed Forecast 5 and you aren't sure where to start?
We have provided a sample data that will help you see most of the features and benefits that Forecast 5 has to offer.
Import the Sales Demo data found in the program installer files - Head to this path and look for the XML file called Sale Demo - C:\Program Files\Forecast 5 Ltd\Forecast5 3.0
Here is a quick explanation of the data you will see:
Sales: A section - being a group of records, in this case; sales records.
Forecast 5 Sales: Uses Calculate from units; for example in the Forecast 5 sales record
Annual Subscription: Uses percentage of sales
Other Sales: Uses a formula referenced to memo records (found at the bottom of the list being KPI Sales From Memo Calculations).
Direct Costs: A costs sections.
Stock and Stock on Hand: Showing manufacturing, wages, overheads and a stock component
Rates & Water: An accrual/prepaid record - note the options.
Labour Costs: A wages record which uses an employee record to set up individuals and groups, calculate PAYE, bonus and pensions.
Bank accounts: There are three bank accounts including a USD bank account. Note the transfers and currency options.
Fixed Assets: Add new assets, purchase, depreciate, dispose and finance and more.
Loans: Set up loans and repayments.
Other Assets: For everything else. We have already done the bank, debtors, GST, stock, accruals, fixed assets and loan so this allows for many other assets and liabilities.
Capital: Enter reserves and changes – share capital is entered in the opening balance sheet screen.
Forecast Records: These records are the system records, the calculated balances and tax etc.
You can add records, sections and folders, extend years, save a copy, start actuals, do rolling projections, What-if and much more.
Many features are there to be discovered. Select the report tab for the integrated Profit & Loss, Cashflow and Balance sheet with Funds flow report and supporting schedules e.g. fixed assets.
See also the budget, actuals and rolling reports.