Fathom allows you to import a budget directly from Xero, QuickBooks, or MYOB. You can also import your budget from Excel. This is useful if you use other forecasting tools for creating your budgets.
Budgets have several functions in Fathom:
- Easily set targets for financial KPIs
- Perform 'budget vs actual' variance analyses
- Create rolling forward projections (like in the Revenue analysis report)
- Perform forward projections (i.e. combining actual and budgets to project full year results).
Importing a budget from Xero
It is also possible to add a budget for a division that has been loaded as a standalone entity.
Budgets cannot be uploaded for divisions (classes, categories, etc.) loaded in a parent company.
How many budgets can I import?
You can only have a single budget imported for a company, but this budget can be easily switched.