Friday Feature - Starting Balances

Over the last month or so, the Friday Feature has focused on budgeting. This entry will be the last in the series for now. But before we pivot to other awesome features in Escape Online, let's take a look at the new Recalculate Starting Balances task in the budget model. Introduced in 11.04, this new task puts you in the fast lane for calculating starting balances for projection years.  With a single click of the button, you can calculate (or recalculate) one starting balance line item for each projection year for each fund/resource/project year.

Recalculate Starting Balances
Recalculate Starting Balances

What a great idea! In fact, it was so great that many of you seconded that by making it one of the top 5 CRs in the customer-driven finance vote for 11.04!

But that's not all.  It is fast.  And it is durable.  It can go around the track (so to speak) as many times as you need. You can use this task multiple times.  If you are using it for a second (or third or fourth) time, Escape Online creates another budget line item for the difference between the existing starting balance and the recalculated value for the projection year.

Budgeters, start your engines.  Go!!