Indeed, how do you do that? Do you do budget at all? If you are QAD users, chances are you do GL budget. Most likely your CFO wants to know whether the business meets objective or not at any point of time. So he or she can spot the problem before it actually occurs. Your executives may use the budget to monitor business performance and motivate the team. The budget greatly helps in decision making process, etc.
The budget can be very detailed and many folks could be involved into preparing the final version. Once you know your objectives for the next year, you will need to gather information to guide you when compiling the budget. This will include past and current performance figures obtained from profit and loss accounts, balance sheets and previous cash flow forecasts. This information can then be used to identify likely sales numbers and costs in the future. Sometimes, it is common for people to compile a budget from fresh ignoring all previous history and current performance: this is known as zero-based budgeting but can be very risky.
99.99 cases out of 100, you are using MS Excel spreadsheets for preparing the budget, because the things are this way in business world today. And finally, when your team reach the consensus and you are given the green light to import the budget into QAD, the funny part begins. No brain mechanical key entry from excel window into QAD window, 12 numbers for every entity account sub account cost center combination, one by one, one by one, 6-7 digit figures, etc… The numbers not just must be entered, but verified as well against the spreadsheet source, otherwise we’re in trouble. Is it really inevitable task mechanically transfer tens of thousands numbers from one window into another?
Those folks who are looking for better ways to get their GL budget from the Excel spreadsheet into QAD 25.5.1 menu, may want to try our GL Budget Loader. This tool not just allows you to download and upload GL budget to QAD, but also can get the actual numbers into your spreadsheet. You can use the actual for comparative analysis, financial performance reports or preparing next year budget.
Contact us today to get a free trial version. The installation takes just a few minutes. The loader has built in QAD security, QAD validation and record lock prevention logic. You will be able to witness the value and benefits the loader offers you, saving many hours of your time. It simply eliminates mechanical, no brain activities from the process, allowing you to act quickly with absolute precision.
Works with Excel 2000, 2003, XP, 2007, 2010
QAD from version 8.5 to QAD 2009 SE