Adaptive Planning Sheets & Their Usage
Adaptive Planning Sheets and Their Usage An Adaptive Planning Sheet is a structure for displaying and/or entering data related to your Budget and Forecast. It looks a great deal like a spreadsheet, but is much more powerful since it has an enterprise level database behind it. Adaptive Planning (AP) includes four basic types of sheets for use in your Budget and Forecast modeling. Each has unique characteristics and therefore should be used for specific purposes. The four types are listed below with information about their common usage...
read moreAdaptive Planning Accounts & Their Usage
Adaptive Planning Accounts and Their Usage Adaptive Planning (AP) includes five basic types of accounts for use in your Budget and Forecast modeling. Each has unique characteristics and therefore should be used for specific purposes. The five types are listed below with information about their usage and how to create each: General Ledger Accounts (GL Accounts) are for your chart of accounts and should correspond to the account structure in your Accounting System. This is generally the level at which you will budget in Adaptive Planning...
read moreChart of Accounts – Best Practices
Chart of Accounts – Best Practices The General Ledger (GL) account numbers set up in Adaptive Planning (AP) as the Chart of Accounts (COA) not only define the level at which you can model financial activity, but also the level at which you can import actual data from your accounting system. So spending the time up front to think through your needs and build your Chart of Accounts accordingly, is certainly worth the time and effort. So here are some tips… First of all, be sure to use a “clean” copy of your Accounting System COA. ...
read moreHow to create Rolling Forecasts in Adaptive Planning
Using Versions to Facilitate Your Rolling Forecast A Rolling Forecast is the most effective approach to budgeting and forecasting for most businesses. In general, creating an Annual Budget takes a considerable amount of effort. If this budget is then out of date (due to economic or environmental changes) and therefore useless 45-90 days after its completion, the value of this annual exercise is questionable. However, if you create a Rolling Forecast you will always have an accurate view of at least 12 months of forecasted financials. To...
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