Software Integrations: Xero, Sage, MYOB and more

18.05.21 03:11 PM By Stephanie

Powerful Financial Software Integrations for Smarter Forecasts

Managing budgets and forecasts can be a difficult task, especially when dealing with multiple data sources. Forecast 5 simplifies this process by offering seamless integrations with leading accounting software, allowing you to import historical data, set up budgets, and track actuals with ease.

Supported Integrations

Forecast 5 integrates with a variety of accounting platforms, including:

Xero - MYOB AccountRight - MYOB Advanced - MYOB Exo - Sage 50 Accounts - Sage 200 - Sage 300 - SAP B1

Benefits of Integrating

📝Eliminate Double Handling:
Automatically import data from your accounting software, reducing the need for manual data entry.

📈Accurate Forecasting:
Use historical data as a baseline for your budgets, ensuring more accurate forecasts.

🔧Efficient Actuals Import:
Import actuals on a monthly basis, keeping your forecasts up-to-date and aligned with real-world performance.

📊Enhanced Reporting:
Generate comprehensive reports, including Profit & Loss, Balance Sheet, Cashflow, and Funds Flow statements, directly from your integrated data.

Integration Process in 3 Simple Steps

Create a Forecast

Select your chosen integration and set the start date as your prior financial year.

Map Your Data:

Choose the appropriate record types and map your General Ledger (GL) codes to ensure accurate data import.

Extend and Import:

Extend your forecast to the new financial year, enter opening balances, and import your actuals on a monthly basis.

📞 Need a Custom Integration?

If your accounting system isn't listed among the supported integrations, don't worry. Forecast 5 is always looking to expand its integration capabilities. Contact the support team to discuss the possibility of integrating your software and learn about the process involved.