Using the What-If Analysis Tool
When you’re working on your budget and you want to see how different amounts will affect it, use the Budget What-If Analysis. This window lets you change your anticipated and remaining current and future budget amounts for each account, increase or decrease budget amounts by a percentage, and either update an existing budget or create a new one.
To use the budgeting tool:
1 In General Ledger, select Account > Budget What-If Analysis from the top menu bar. The Budget What-If Analysis window will open.
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2 To view an existing budget, use the Lookup in the Budget Code field to select the budget you want to see. If you plan to create a new budget, enter the new Budget Code.
3 If you want to change the values in the grid to match a specific year, enter the year in the Year field. If you change the year after you change amounts in the grid, you will lose those changes.
4 If you want to increase or decrease certain accounts by a specific percentage, enter the percentage in the Increase/Decrease Selected Amounts By field. When you select account cells in the Anticipated columns and click Apply, those amounts will adjust by the percentage you enter.
Remember that when you change an annual Anticipated amount the period amounts will adjust, and vice versa.
5 If you want to add accounts to the budget, use the Lookup in the last row of the grid.
6 Make changes to individual account amounts until you’re satisfied with your budget.
7 Click the Save to Budget button to either save changes to the existing budget or open the Save To Budget window to create a new budget.
Published date: 09/30/2021