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The budgeting module is designed to enable the financial institution to accurately plan its expenses and revenues, compare actuals to budget and receive accurate and up-to-date picture of the company's position. The module gives the user the ability to forecast on a cash or accrual basis and supports several possible budget scenarios.
- Budgeting revenues and expenses based on accruals, e.g. operating deposit and loan contracts
- Comparing actuals to budget
- Producing comparative reports
- Setting up payment schedules
- Setting up regular expenses
- Forecasting payroll and related expenses
- Calculating payroll and related expenses based on fiscal or calendar year
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