Create a Reforecast (Revised Mid-Year Budget from Actuals and Budget)

Create a Reforecast Budget from Actuals and Budget

1. Make sure the Default Month is up-to-date under Setup > Calendar.
2. Go to Planner > Planner Setup.
3. Click Create Budget.
4. Enter a Name for the new budget.
5. Select Copy Budget and Load Actuals from the Method dropdown. 
6. Select the Existing Budget Year and Budget from the dropdowns.
7. Select the option desired from Load Actuals:
   • Current Year (20XX) - Load actuals from the current year. Actuals through the Default Month will be loaded. Actuals will load into all worksheets in the new budget. 
8. Click Advanced Options to refine the elements to be copied. Specifically, select the option to Create Worksheets for Unbudgeted Actuals if you want to add missing worksheets. This ensures that all activity from the current year is included in the budget.
   • To review what worksheets will be created:
   • Go to Dashboard > Financials
   • Choose the Worksheet Budget Comparison report
   • Any line with a red X will be created as a new worksheet if the checkbox is checked
9. Click Create Budget.