InEight Control has built in settings that automatically set the actuals in the forecasting-related data blocks to match your company’s month end calendar. This allows you to hold the actuals at a certain cutoff date to allow for forecasting to be done based on month end actuals.
These fiscal calendar settings include a suspended period for you to finalize your forecast numbers without incurring any new actuals.
During this suspended period, your numbers are “frozen”, allowing you to finish month end reporting without worrying about the numbers changing. Any new actuals accumulated during the suspended period will populate once the suspended period is over.
You will note that the Live forecast data block contains a label in its header called “This Month”.
This label reminds you that the values in the live forecast data block are only for the current month, as defined in the Organization Settings under Fiscal Calendar (see Lesson 3 – Project Setup).
View Fiscal Calendar Settings
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From the Project home page of the your job, select Settings from the left side menu.
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You can also access settings from the first-level menu or by clicking on the View project settings tile on the home page
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On the resulting Project Settings page, click on the Fiscal Calendar tab.
In this section, you can define the following fields (if you have the appropriate access):
Field Name
Purpose
Week ending day
Determines which day of the week is the last day.
Financial year start month
Allows the financial year-end to be different from the calendar year-end.
Month end day
Determines what the last day of the month is.
Last weekday
Sets the day for the above setting.
Financial period closing day
Allows you to set the financial period to end on the same day or allow a period to close out the finances.
Month end plus days
Sets how many closing days.
Financial period closing time
Establishes the time when the Forecast data block actuals will be reset to the next period.
Closing time zone
Sets the closing time zone.
Forecast Equation Updates to Current
The actual numbers claimed are periodically synced. The date of actuals which apply to your forecast can be seen in the Data Block Header.
The fiscal settings in Platform determine when actuals for the period will be synced.