Financial Projection

Detailed Module Guide: Financial Projection 

 Module Location 

 General Ledger > Budget > Financial Projection 

 Module Objective 

 The  Financial Projection module is used to create an estimate or forecast of the company's future financial performance. Unlike a Budget, which is a target or limit, a Projection is a realistic estimate of revenue and expenses that are likely to occur. This module often uses historical data as a reference to create more accurate forecasts. 

 1. Main View (Financial Projection List) 

 When you open the module, you will see the main page containing a list of all Financial Projection documents that have been created. 

 

 View Explanation This page is the dashboard for managing and monitoring all projection documents. 

 

 

 Filters: You can search for specific documents using various criteria: 

 

 

 By FPCode (Financial Projection Code). 

 

 

 By a date range using Start Date and End Date . 

 

 

 By Document Status Filter and Approval Status Filter . 

 

 

 

 

 Projection List: The table below will display all documents matching the filters. The table currently shows "...No Data Available..." because no documents have been created in the selected date range. 

 

 

 Main Columns: The important columns that will be displayed include FPCode , Date , Memo , Cost Center , Amount , Status , and Approval . 

 

 

 Button Functions 

 

 

 New: The button to create a new Financial Projection document. 

 

 

 2. Steps to Create a New Financial Projection 

 The following is a guide to creating a Financial Projection document. 

 Step 1: Click the "New" Button 

 From the main view, click the  New button 

 located in the bottom-left section to open a new submission form. 

 Step 2: Fill in the Header Information (General Information) 

 Once the form opens, fill in the general information in the upper section: 

 

 

 Journal Date: Fill in with the date the projection is created. By default, it will be filled with today's date (July 28, 2025).  

 

 

 

 

 Memo: Provide a clear description of the projection's content, for example: "HORECA Sales Revenue & Expense Projection - Semester 2 2025".  

 

 

 

 

 Cost Center: Select the department whose performance is being projected.  

 

 

 

 

 Financial Projection Period: Select the projection period year, for example, 2025. 

 

 

 Data Upload: You can attach a supporting file if available.  

 

 

 

 

 Step 3: Fill in the Projection Details In the table section below, detail each projection item one by one. This is the most critical part of the process. 

 

 

 Account ID: Enter the revenue or expense account code to be projected. The Account Name will appear automatically. 

 

 

 

 Financial Projection Month: Select the month being projected (e.g., July).  

 

 

 

 

 Actual (2024): This column will display the actual data from the previous year (2024). Use this number as your primary reference. 

 

 

 Amount (2025): Enter your projection figure for the current year (2025) in this column. You can increase or decrease it from the 2024 actual figure based on targets or market conditions.  

 

 

 

 

 Description: Provide specific notes if there are certain assumptions made in creating the projection. 

 

 

 

 

 To add a new row, click the + icon. 

 

 

 

 Step 4: Saving and Confirmation Use the buttons in the bottom-left section to finish: 

 

 

 Save: To save the projection as a draft. You can still edit it later. 

 

 

 

 Confirm: To finalize and submit the document. Once confirmed, the document will enter the approval workflow. 

 

 

 

 Back: To cancel and return to the main page. 

 

 

 

 Tips & Important Notes 

 

 

 Use the Actual (2024) column as a baseline or reference when creating the projection for the Amount (2025) to make your estimate more accurate and realistic. 

 

 

 Remember, a Financial Projection is different from a Budget . A Projection is a forecast of what is likely to happen, whereas a Budget is a target or limit that must be achieved or not exceeded. 

 

 

 After pressing Confirm , this document will most likely go to a "Financial Projection Inbox" to be reviewed by a superior, following a workflow similar to the Budget Plan.