Budgeting and Forecasting with a flexible budget periods is core to Visual Cash Focus budget software.
You can have one or several years in the same budget model.
Budget period possibilities
Budget periods are flexible – monthly, daily, weekly, fortnightly, quarterly and annual as preferred.
Generally you add 3 extra periods beyond the required budgeting periods. So a twelve month forecast should have 15 periods. A 36 month forecast should have 39 periods. This is to take into account any “End effects”. Example: Sales in month 13 may require the purchase of inventory in month 12 or 11 and this will affect the inventory levels, creditors and bank on the balance sheet for this year. Three months is sufficient to cater for most organization’s “end effects”, but if you have long Lead times (e.g. farmer producing wine) you can increase the number of periods to forecast.