Business Accounting Budgeting Software

accountsIQ has extensive budgeting capability to allow actual results to be measured against budget. Budgets are held throughout the system in the same structure as the actual data so that comparisons and variances can be easily produced.

The following main features are available:

• Budget details held at GL account level by period by year but also across the user defined analysis code structures.
• Using the analysis group structure budgets can be rolled up for locations, departments, lines of business, cost centres, profit centres etc. 
• Budgets for relevant GL and analysis code combinations can be added at any stage without requiring all combinations to be created in advance
• Original and revised budget datasets allow budgets to be revised without loosing the original budget
• Ability to combine actuals to date with revised budget for the remaining periods to produce an expected outturn
• Budgeted User Defined Statistics can be maintained for reporting non-financial measures and can be combined with financial results to produce meaningful budgeted KPIs for comparison against actual KPIs
• Budgets in individual entities own base currency are translated to common base currency within the consolidation routine for detailed comparison against overall groupwide actual results
• Easy to use Excel template can be used to update budgets from an existing financial projections or budget model to accountsIQ original or revised budget values
• GL Explorer function allows budgets and variances against actual to be interrogated by GL Code, GL Category or via the analysis code and group structure