EVERYTHING EXCEPT MODELING...BUDGETING TOOLS A DEEP DIVE ON THE CHANGES WE’VE MADE TO THE “WORK WITH CU BUDGET” FEATURE EVERYTHING EXCEPT MODELING Budgeting with CU*BASE Series

USING CLASSICAL

BUDGETING TOOLSA DEEP DIVE ON THE CHANGES WE’VE MADE TO THE “WORK WITH CU

BUDGET” FEATURE

EVERYTHING EXCEPT MODELING

Budgeting with CU*BASE Series

#3 of 5

Revised!

BUDGETING WEBINAR #3 OF 5:

USING CLASSICAL BUDGETING TOOLS

TODAY’S TOPICS

Budgets without modeling – using classical budget calculation tools

Running multiple passes to create a budget

Saving budget figures

Viewing budget progress

Tweaking budget amounts

by month, by G/L, or by branch

For step-by-step

instructions, see the

“Budgeting with

CU*BASE” booklet!2

HOW TO LEARN MORE

For step-by-step


“Budgeting with

CU*BASE” booklet!http://cuanswers.com/pdf/cb_ref/

BudgetingwithCUBASE.pdf

This is an ongoing work

in progress and contains a

sneak peek at modeling

tools still in process...

3

A QUICK REVIEWPREP TO DO BEFORE RUNNING YOUR FIRST BUDGET CALCULATION PASS

Setting Up Your Configs Preparing Your Assumptions

4

CREATING AND

MAINTAINING A BUDGETUSING CLASSICAL BUDGETING TOOLS

5

CREATING A BUDGET

Access the tool:

1. Budgeting Functions menu (MNBUDG)

2. Work with CU Budget

3. Enter a budget year

4. Choose Maintain budget, Enter

5. Choose Income or Expense, Enter

Check on the current

status of your Budget

Controls

For step-by-step


“Budgeting with

CU*BASE” booklet!

6

RUNNING YOUR ASSUMPTIONSSETTING BUDGET CALCULATION SETTINGS

Start by

choosing a

Budget

Group (or

G/L Account)

7


This history

recap appears

after you choose

a Budget Group

or G/L account

8


Choose which

month range you

want to populate

with this pass

9


Enter a % change – think

of this as increase and

decrease; CU*BASE will

take care of the math

for debit- vs. credit-

balance accounts

10


Use these to

choose which

figures are used

for the math

11


Choose a

calculation

method...

12

CALCULATION OPTIONS

Monthly Average

Monthly budget amount = (Period total ÷ # of months in period) × % change

All months use the same amount

For flat monthly expenses like league dues, etc.

Daily Average

Monthly budget amount = ((Period total ÷ 365) × # of days in month) × % change

Each month calculated separately

For income or expenses affected by # of days in the month

Parallel

Monthly budget amount = Previous monthly amount × % change

Each month calculated separately

For variable interest income or dividend expenses (if you’re not going to model)13


Monthly/Daily

Average will annualize

any range then use the

calculated averages to

populate whatever

range you wish

With the Parallel calculation

method, the number of

months being filled in has to

match the number of months

used in the math (i.e., 3

months to 3 months...but can

be any 3 months)

14


When

ready, use

Continue

to run the

calcs

15

REVIEWING THE CALCULATION PASSWHERE YOUR ASSUMPTIONS IN THE BALLPARK?

(If you see *here, existing

budget figures

will be over-

written when

you save)

Use the

Compare button

to control what

appears here

16


Use Combine

Branches to see

totals by G/L account

17


Save (or

Discard) this pass

then you’re ready

to calculate your

next pass

18

ON TO THE NEXT BUDGET GROUP...

Ready for the

next pass!

19

VIEWING YOUR BUDGETUSING THE BUDGET DASHBOARD TO VERIFY YOUR

BUDGET FIGURES FOR ACCURACY AND COMPLETENESS

(NOT TO BE CONFUSED WITH THE VARIANCE

DASHBOARD, WHICH MONITORS YOUR PERFORMANCE)

20

REVIEWING BUDGET FIGURES

Access the tool:


2. View/Analyze CU Budget

3. Choose Income, Expense or

Net Income

4. Select date ranges for the budget year

and comparison period (actual)

5. Choose a filter if you like (or leave

blank to look at everything)

6. Use Enter to see the summary

7. Use Continue to proceed

21

For step-by-step


“Budgeting with

CU*BASE” booklet!

REVIEWING BUDGET FIGURESUse Toggle to see last

year’s budget numbers

instead, or use Filters to

choose a different period

Use Filters to

narrow down the

list of budget groups

Use Print to

print these

budget

figures (in

this format)

22


Use

Summary

to see this

recap

23


Select a group and use

Drill to Account to see

totals by G/L account...

24


25

TWEAKING YOUR BUDGETUSING THE MANUAL UPDATE FEATURE TO ENTER

INDIVIDUAL MONTHLY BUDGET FIGURES FOR ANY G/L

26

MODIFYING BUDGET FIGURES MANUALLY

Access the tool:


2. Work with CU Budget

3. Enter a budget year

4. Choose Manual update, Enter

5. Choose Income, Expense or

Net Income (for both)

6. Enter to see the summary

7. Continue to proceed

For step-by-step


“Budgeting with

CU*BASE” booklet!

27

MODIFYING BUDGET FIGURES

Select a group and use

Drill to Account to see

totals by G/L account...

28


...then select a G/L

account and use Drill to

Branch to see totals by

branch...

29


...then select a branch

and use Edit to work

the numbers.

30


Enter figures manually here.

Remember the minus sign (–)

for credit balance accounts!

31


32

If you would rather

enter an annual amount

and make the system

do the math, try

Allocate...


33

...then type a total for

the year and use Enter

to spread that evenly

across all 12 months...


34

...then you can

tweak individual

months if you

like.

Don’t forget

to save!


After saving, use this to

choose a different G/L

account...

35

...or use this to

choose another

branch for this

G/L.

NOW ON TO OUR NEXT

SESSION

5 - Analyzing Your Performance.pptx

5 - Analyzing Your Performance.pptx

Documents

EVERYTHING EXCEPT MODELING...BUDGETING TOOLS A DEEP DIVE ON THE CHANGES WE’VE MADE TO THE “WORK WITH CU BUDGET” FEATURE EVERYTHING EXCEPT MODELING Budgeting with CU*BASE Series