BigHand Budgeting and Forecasting

This feature provides secure access to employee records, including basic assumptions and demographic information, which is necessary to quickly and accurately figure out expenses. The system allows changes to expense and revenue rules for both cash and accrual accounting methods. This lets the platform instantly calculate expenses and revenue projections for every employee across the firm.

Account budgeting gives immediate access to detailed account information, which helps make exact financial plans for running costs like rent, marketing, and information technology. The program also helps with cost planning for professional and business development. It automates the budgeting process by quickly gathering all required data from the firm's financial records.

The CAP EX feature is designed to plan and automate the budget for all Fixed Assets used by the enterprise. Each asset is given a firm-defined "asset type" that decides the associated capital and depreciation accounts, along with the specific depreciation method and time frame. In addition to budgeting for new purchases, existing assets are also included to fully complete the firm's total depreciation budget.

BigHand Budgeting and Forecasting software offers secure access to transaction details coming directly from the firm's General Ledger and Accounts Payable (AP) systems. At the transaction level, the views are organized, limited to certain segments, or sorted as needed. This allows one to examine transactions closely to see their component parts, such as checks, vouchers, or general ledger entries.

The platform provides flexible reporting options that help a firm break down and understand their budgeting data thoroughly. These reports support the ability to drill down into details and are easy to export for use in PDF and Excel file formats. Quick links are also placed within reports to take one straight to the data entry screen for instant viewing or making necessary financial changes.