How can I use my historic CowProfit$ for budget forecasting next year or the next series of years?
From this historic base, you can do some evaluation and forecasting. There is a forecaster available for download. It is in Microsoft Excel format. What the forecaster can do is take your historic analysis for one cow calf enterprise at a time. You can change the different cost components and revenue components to create a projected cost of production. To export your cow calf enterprise, choose “Export menu – to cow calf forecaster”. Note that you will have to select which enterprise to export. Then CowProfit$ goes through its export function and saves a file to your hard drive called inputbudg.xls. This file should be in the directory that you installed for CowProfit$. The cow calf forecaster, depending on the version of Excel you have, will automatically find the export file and import it into the forecaster, where you will be able to forecast ahead. More important than forecasting, based on one year’s analysis, is the ability to compare or benchmark your operation. In a perfect scen
Related Questions
- My historic rehabilitation credit is greater than my tax liability. Can I carry forward any of the unused amount to the next year?
- How is Holy Cross preparing for next year’s budget should the current situation continue, or if enrollment declines?
- What is the difference between a budget and forecasting?
