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Supplier forecasting completes financial planning with supplier data. For example, a company can plan purchases by indicating purchases by indicating accounts for the most important suppliers. It will thus be able to analyze and optimize the relationship with the various suppliers, perhaps by requesting payment extensions.
Forecasting with the double entry method also allows you to indicate accounts for individual suppliers. Depending on the need, suppliers management can be done with balance sheet accounts, profit and accounts or with cost and profit centers.
When changing a budget movement, the forecasts for each individual supplier are also updated.
Accounts table
Set up accounts for suppliers in the Accounts table. In the Budget column, the forecast balances are automatically updated for the accounting period, according to the beginning and the end date, set up in the File properties. At a glance, you can view what the forecast for the individual supplier will be.
Evolution chart
When you open the Charts window, positioning the cursor on an account or a group you will see the graph representing the evolution of Suppliers.
In the legend are visible Current, Previous and Budget. By clicking on each one it is possible to hide or make visible the respective graphs.
Account card with Supplier budget data
With the Budget account card command you have the possibility to see in detail all the movements for each supplier.
- Select budget movements.
- Indicate the supplier’s account ot the supplier's group.
- Set up the period.
If you indicate a period that extends beyond the accounting period, the program will automatically generate Forecasts over several years. - When indicating a group, you will see the movements of all the accounts belonging to that group.
- When in the Budget table, you can access the customer's card with a click on the small icon next to the account number.
Suppliers Enhanced Balance sheet with groups
Through the Enhanced Balance Sheet with groups you can choose which data columns to display and the reference period, to see the evolution of the supplier by day, week, month, quarter, semester, year, etc.
- In Sections options you can select the Budget data to be displayed.
- Select the Suppliers group. You can also choose to view the accounts of each individual supplier.
- Set up the Period.
If a period that exceeds the accounting period, is indicated, the program will automatically switch to budgeting over several years. - Indicate the subdivision by period required.
- If you think you will use this print setting again, create a Customization.
Accounting Report with Suppliers Budget
The Accounting Report is similar to the one for Enhanced balance sheet with groups, with the difference that the display takes place in columns, as in the Accounts table.
You can therefore use it to get an instant view of the evolution of the Supplier accounts.
