|
Smart, Flexible and Easy to Use
- Flexible “smart” budgets—Create budgets for any timeframe, including
multiple fiscal years and cross fiscal year budgeting for grants. Create and
maintain an unlimited number of budgets simultaneously at the level you need
whether it be grant, program, department, project or any
combination. The system verifies budget figures automatically before
creating entries. Add notes and comments to record budget assumptions,
methods or justifications directly in system to create a permanent record of
the budget comments upon adoption.
- Easy budget development—Create customized budgets for your grants,
programs, and cost centers through direct entry or by using built-in tools
to automate the budget entry process. Generate the current budget based on a
previous year’s actual activity and budget. Create current year budget while
comparing prior year actual and budget figures.
- Spreadsheet-style entry—Whether adjusting your current budget or
generating next year’s budget, process entries quickly and easily in the
familiar spreadsheet-style Budget Worksheet directly in the system. Cut,
copy, paste, and add formulas with ease. Work a lot with spreadsheets?
Easily copy data between Microsoft Excel or any spreadsheet and the
Sage MIP Fund Accounting budget worksheet tool. l Performance Monitoring
Made Simple—Establish service level performance goals for your programs and
use the finance system to track both dollar and unit measures. Perform unit
cost breakdowns and comparisons. Easily track and report government grant
performance results requirements.
- Adjustments made easy—Enter adjustments en masse using the timesaving
modification tool. For example, increase the budget by a percentage or
spread a fixed dollar increase, etc. Availability of comparative budget
figures makes budget amendments fast as you view the impact of your
adjustments. Use the revisions worksheet and view original budget while
entering either the budget adjustments or revised budget figures.
- Budget collaboration—Let your managers submit their proposed budgets
directly in the system for review. This module allows for direct entry
budget submissions from multiple departments. Consolidate submitted
worksheets for organization-wide review and adoption.
- Enforce budget compliance—One mouse click lets you easily check for
available budget during transaction entry. Check at the individual account
level or a category of accounts such as “personnel expenses.” Activate
warnings that can prevent entries that would result in an over budget
situation. |
|
Advanced Reporting Options
- Flexible budget inquiries—Check budget balances quickly and easily within
the system. Review budgeted amounts, money spent, committed funds, and
available budget. Easily drill-down to the detailed entries that comprise
the balances for a complete audit trail.
- Decision-making financial reports—Produce comparative statements for your
management staff and board of directors illustrating the budget to actual
position for your programs, grants, departments, and more. Report on
multi-year budgets and grantor budget cycles.
- Forecasting—Use a variety of tools to estimate future periods and
calculate forecasted financial position. “What if” analysis for smart
decision-making becomes a cinch.
- Budget analysis reports—The analysis reports contain specialized summary
and detail style budget to actual reports for budgeted accounts. |