Overview
When running a variance report you may find that your Budget or Forecast figures are identical to your Actuals data. This article explains why this happens and how to fix it.
Why Does this Happen?
When you save a Budget or Forecast, Castaway takes a snapshot of your Projected data at that point in time. Projected data combines your actuals and projected numbers, with the boundary between the two determined by your Active Actuals Month (AAM). If your AAM was set too far forward when the snapshot was saved. the actuals values will have been captured in the snapshot rather than your projected numbers.
To Fix this
- Go to the top right corner and click the calendar icon to change your AAM to the month before the start of the financial year you wish to budget from.
- Go to your main reports and view them in Projected mode. Confirm these are the numbers you want to save.
- Go to Manage Budgets in the report toolbar and click Save Budget or Save Forecast to overwrite the existing snapshot.
- Roll your AAM forward to your most recent actuals period.
Rolling your AAM backward will not remove any of your actuals data. It temporarily peels back the actuals layer so your projected numbers are visible for saving.
Further Reading
- Key Terms: Projected, Budget and Forecast
- Saving a Budget or Forecast
- Correcting a Saved Budget or Forecast
If you need any assistance please contact our support team at: support@castawayforecasting.com