Projections in Bukers BTA - Part II
Customizing Your Projections
In our last Inside Bukers newsletter, we talked about using the new Projections module in Bukers BTA Pro to generate a projection. This time we will talk about customizing your projection.
There are several things you can do to customize your projections. You can change the projection variables as well as most of the values on the projected balance sheet and income statement. This ability gives you the opportunity to create an unlimited number of projection scenarios. Here’s how:
After you have generated your projection, you will notice that the background on the left side is yellow. This is your historical data. The right side of the screen is white and contains your projected data. This is the data you will change to customize your projection.
Making Changes on the Projection Variables Screen
On the right side of the screen, click the projected variable you want to change, then enter your value. Once you are finished making changes to the projection variables, click the “Next” button at the bottom of the screen. Your balance sheet and income statement will automatically be recalculated based on your changes.
Making Changes on the Balance Sheet and Income Statement Screens
Most projected values on the balance sheet and income statement can be changed. To make a change, click the value you want to change, then enter your new value. To recalculate your balance sheet and income statement, click the “recalculate” button. This button looks like two arrows that form a circle and can be found at the top of your screen. This will not only update the totals but will also balance the balance sheet and reconcile your retained earnings.
Let’s say you want to try out different scenarios and save them to look at later. To do this:
- Begin a new projection.
- Give it a name that represents the changes you plan to make.
- Generate your projection.
- Make your changes and recalculate.
- Click the “Finish” button to save your projection.
Do this for each scenario you want to create. You can create an unlimited number of projection scenarios.
Projections are so quick and easy to generate and customize. Give it a try and let us know what you think! If you have questions about using our software or want to schedule a complimentary training session, please give us a call at (503) 520-1303.