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Financial Plans

Create annual financial forecasts for company-wide planning.

What are Financial Plans?​

Financial plans are company-wide budgets that forecast income and expenses for a given year.

Use financial plans to:

  • Set annual revenue targets
  • Plan operational expenses
  • Forecast profitability
  • Track actual vs planned performance

Creating a Financial Plan​

Financial plan creation uses a wizard that guides you through the initial setup, followed by a draft flow where you configure income and costs in detail.

Wizard Step 1: Choose Year​

  1. Go to Finance → Financial Plans.
  2. Click to create a new financial plan.
  3. Enter the Year (required, range: 2000–2100).
  4. Add an optional Description.
  5. Click Next Step to proceed.

Draft Flow: Planned Income​

After the initial setup, you enter a draft flow to configure planned income:

  1. Select Projects: Filter and select which projects contribute to this financial plan's income.
  2. Review Income Lines: For each project, review the associated budget income lines.
  3. Set Planned Income Contingency: Enter a percentage to deduct from total planned income as a buffer against revenue risks.
  4. Review: Ensure totals are correct.
  5. Click Next Step to proceed.

Draft Flow: Planned Cost​

Configure planned costs:

  1. Add Cost Lines: Add or review cost items.
  2. Fill in the cost details:
FieldDescriptionRequired
NameName of the cost item (must be unique)Yes
EntityLinked Project or BudgetYes
CategoryExpense CategoryYes
Planned CostBudgeted amountYes
Current ForecastLatest forecast amountNo
NotesContextual notesNo
  1. Set Cost Contingency: Enter a cost contingency percentage.
  2. Click Complete to finalize the plan.

Managing Financial Plans​

Viewing Plans​

Plans are organized by year. You can view:

  • Locked Plans: Completed and uneditable (require unlocking).
  • Draft Plans: In-progress plans that can be resumed.

Editing Plans​

  1. Open a plan.
  2. Navigate to the relevant tab.
  3. Unlock the plan if necessary.
  4. Modify lines or contingency percentages.
  5. Save changes.

Financial Plan Tabs​

Once a plan is created, you can view and manage it via these tabs:

TabDescription
Key InformationHigh-level summary, contingency totals, and status.
Planned IncomeDetailed revenue forecast by project.
Actual IncomeRecord real revenue received.
Planned CostDetailed expense budget by category.
Actual CostRecord real expenses incurred.

Note: Income tabs (Planned Income, Actual Income) are grouped together, followed by Cost tabs (Planned Cost, Actual Cost).

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