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P&L Forecast Summary
Who uses P&L Reports with Forecasts and Budgets and What are Some Key Analytical Features? In today’s fast-paced business environment, CFOs are under high pressure to supply end users like budget managers and executive leaders with timely and concise Financial Statements. Companies use key features like the ones below to support their users with effective analysis that helps drive better investment and cost control decisions:
- Variance information showing the difference between the original budget and the full year forecast
- Dynamic full year estimate with Actual data up to the current month and the Forecast for remaining months
- Expandable rows (to drill to GL account and below) and columns (to see summary or individual months)
A Brief Description of the P&L Report with Forecast and Budget Template Financial Statements like the one seen in the image above are interactive and parameter driven and typically contain sections with professional Profit & Loss row layout with actual, forecast and budget columns (summary and monthly) as well as variances. One of the important features that aid the user in the analysis process is the ability to automatically generate and analyze how well the company is likely to perform for the full year as well as compared to the original budget. P&L Reports with Forecasts and Budgets are often used in conjunction with profit & loss variance reports, balance sheets, cash flow statements, forecast input models and KPI dashboards.
Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed extended financial planning and analysis (xFP&A) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to xFP&A and BI tools that are fully automated and flexible to run on a schedule or on-demand.
This Solver planning template connects directly to your ERP data via the Solver Data Warehouse, enabling near real-time analysis with minimal setup. Designed for QuickStart deployment, it can be activated rapidly so your team can focus on analysis and decisions — not data preparation.
What is the P&L Forecast Summary in Solver? The P&L Forecast Summary is a pre-built xFP&A planning template in Solver that allows finance and business teams to submit planning data directly in Solver, with automatic roll-up to consolidated budget and forecast models.
Who uses this Solver planning template? Cfos, fp&a managers, and budget owners rely on this Solver planning template to streamline the budget and forecast submission process. It replaces disconnected spreadsheets with a single, controlled input point that feeds directly into consolidated models.
Where does the data come from? Data is sourced automatically from your ERP system through the Solver Data Warehouse, which integrates with platforms such as Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, Acumatica, Sage Intacct, and other leading ERP solutions. Once connected, the template updates in near real-time with no manual data entry required.