How do I measure the impact of my forecast against budget?
As a result of completing the above task, you can clearly see how you’re performing against budget. But suppose things have changed in a few areas and now you need to forecast values that are different to the budget.
In Financial Statements, analyze the financial information to identify the emerging issues for which you need to forecast the difference.
In Budgets and Forecasts, create a forecast from an existing Profit and Loss budget (and Balance Sheet, if required).