We recommend using the same plan for both your budget as well as your ongoing forecast process during the fiscal year. Actuals can replace forecast if you want. Use Point In Time (PIT) references to compare the current forecast to the budget or a previous version of the forecast.
A PIT is a reference showing data from a certain point in time
*) Konstrukt replaces forecast with actuals for months that are locked.
When closing Jan – June (somewhere in July) forecast can be inputted from July to December and actuals replace forecast for Jan – June.
The fiscal year forecast for 2024 will therefore consist of 6 months of actuals combined with 6 months of forecast
Example
This is how it could look referencing both the budget and actuals into the PnL view in app Financial Report. Actuals is a normal reference updated nightly from PE and "Budget" is a PIT from the end of 2023. Note that january is locked and it has been replaced by actuals.
First - verify open periods
Make sure the correct periods are locked so that they can be replace by actuals. This will be needed for your forecast if you want to replace forecast figures with actuals.
To setup a new PIT reference - follow these steps
Create point in time references for the PnL Amount valuetype
Show the reference in the Financial Report app
In order to see the reference in the app, Navigate to apps, choose to pre-select the reference. This is done in the Dataset config section. You can also hide old references by changing from "Pre-selected" to "Hidden".