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Financial Plans

Overview​

Financial Plans in the Finance module let you track a Financial Plan and work with Planned Cost, Planned Income, Actual Cost, and Actual Income. You can create, view, and edit financial plan details, including planned vs actual values and Planned Income Contingency.

How to access​

Open Finance and select Financial Plans.

Key features​

  • View the Financial Plans area and open a Single Financial Plan to see Financial Plan Detail.
  • Click Create New Financial Plan to start a new plan using the Choose Year, Planned Income, and Planned Cost steps.
  • View and use the Financial Plan tabs in this order: Key Information, Planned Income, Actual Income, Planned Cost, Actual Cost.
  • Click Edit Financial Plan to update an existing plan.
  • Click Save Changes to save updates.
  • Click Sync New Data to sync new data.
  • Use Manual Project Select and Define Planned Income based on Project Budgets.
  • Use Reset List to Filter Criteria to reset a list back to its filter criteria.
  • Use Bulk Delete to delete multiple items.
  • Delete a plan or items using Delete Financial Plan, Delete Item, Delete income line, Delete file, and Delete Category.
  • View the Financial Plan Status Label with these status values: Archived, Completed, Draft, Locked, Moved In, Moved Out, Original.
  • View Lock Info Popover Content and the Manual Override Banner when shown.

Field descriptions​

The Financial Plans feature includes the following fields and labels:

  • Year: The year you choose when creating a new financial plan.
  • Name: The financial plan name.
  • Description: A description for the financial plan.
  • Period: The period for the financial plan.
  • Month: The month value used in the plan.
  • Day Month Picker: A label in the Financial Plans UI.
  • Mode: A label in the Financial Plans UI.
  • Entity: The entity associated with a line or entry.
  • Project: A project linked to the plan.
  • Budget: A budget linked to the plan.
  • Planned Projects: Planned projects associated with planned income.
  • Forecasted Projects: Forecasted projects associated with planned income.
  • Planned Income: Planned income values for the plan.
  • Planned Income Contingency: The planned income contingency value.
  • Income Contingency: An income contingency value.
  • Income: Income values in the plan.
  • Income Line: An income line in the plan.
  • Income Line Entity: The entity for an income line.
  • Income Line Item: An item within an income line.
  • Income Lines Value: A label in the Financial Plans UI.
  • Income Project Entity: The project entity used for income.
  • Income Step Label: A label in the Financial Plans UI.
  • Planned Amount: A planned amount value.
  • Forecasted Amount: A forecasted amount value.
  • Amount: An amount value used in entries.
  • Planned Cost: Planned cost values for the plan.
  • Define Planned Cost: A label in the Financial Plans UI.
  • Cost: Cost values in the plan.
  • Cost Category: The category for a cost line.
  • Cost Contingency: A cost contingency value.
  • Cost Line: A cost line in the plan.
  • Cost Line Entity: The entity for a cost line.
  • Actual Cost To Date: Actual cost to date value.
  • Actual Cost Line Entity: The entity for an actual cost line.
  • Actual Income Line Entity: The entity for an actual income line.
  • Current Forecast Cost: Current forecast cost value.
  • Current Forecast Nominal: Current forecast nominal value.
  • Current Forecast Risk Adjusted: Current forecast risk-adjusted value.
  • Variance: Variance value.
  • Variance %: Variance percent value.
  • Variance Percentage: Variance percentage value.
  • Notes: Notes for a plan or entry.
  • Documents: Documents associated with the plan.
  • Documents Edit: A label in the Financial Plans UI.
  • File: A file associated with documents.

The Financial Plans tables include these columns (by table):

  • Planned Cost Table: Actions, Name, Category, Entity, Planned Cost, Current Forecast, Notes
  • Income Line Table: Type, Name, Forecasted, Planned, Actions
  • Planned Income Projects Table: Name, Project at Risk, Forecasted, Planned Income, Notes, Project Target Completion Date, Risk-Adjusted Completion Date, Primary Project Director
  • Actual Cost Table: Actions, Cost Line, Entity, Amount, Notes, Created At, Created By, Updated At, Updated By
  • Actual Income Table: Actions, Income Position, Entity, Amount, Notes, Created At, Created By, Updated At, Updated By
  • Actual Cost Line Files Table: Actions, Name, Date Created, Added By
  • Actual Income Line Files Table: Actions, Name, Date Created, Added By