Tools for financial modeling
This tool streamlines financial timeline and budget management for real estate projects, offering developers and project managers clear visibility into future cash flows to ensure adherence to budgetary constraints and minimize financial risks.
Customizable Budget Lines and Periods: Manage up to 50 budget lines and track expenses over 100 months, with the ability to set custom start and end dates.
Automatic Cost Distribution: Supports various user-selected cost distribution methods to maintain consistent financial oversight throughout the project lifecycle.
Dynamic Reporting and Alerts: Features include visual outputs that highlight budget exceedances and unallocated or overallocated funds, aiding in prompt financial adjustments.
Enter Timeline Start and Finish: Define the overall project timeline by entering the start and finish dates.
Create Timeline: Click 'Create Timeline' to activate the budget tracking functionalities.
Navigate to the Codes Sheet: In the tool, predefined cost codes are available for convenience. Users can also enter their own custom cost codes as needed.
Use in Budget Cashflow Sheet: These codes will be available as dropdown options when entering budget items.
Enter Budget Items: Specify amounts and set individual start and end dates in month/year format for each budget line.
Define Recurring Tasks: If a task is periodic, select "Yes" in the "Periodic" column. Then Input start and finish months of the period directly in the relevant columns. For guidance on periodic tasks and their applications, refer to this article on our website.
Choose Method: Opt from a dropdown menu to determine how costs are distributed over time. This file covers 6 different type of distribution methods. If unsure about which method suits your needs best, consult this detailed article for more information.
Parameter Settings: Define at what rate you want your line item's budget to be distributed using "rate" method.
Set Expenditure Limits: Enter maximum monthly spending limits.
Visual Monitoring: The tool automatically highlights any monthly exceedances in red within each month’s column, offering instant alerts. Additionally, in the “Left” column, any unallocated costs are highlighted in yellow, and overallocations are marked in red, providing clear visual cues for budget management and adjustment.
Refresh Data: If you’ve updated the data, click on “Refresh Data” button in Reports sheet to update the charts accordingly.
Access and Analyze Reports: The tool includes two types of visualizations: one displaying the total costs associated with each cost code, and another showing the projected costs for each month, indicating whether they exceed the set maximum limits.
Clear Data: Remove all inputted data from tables with caution as there is no undo functionality.
If you receive a security warning that macros will not run, you can enable them using the following methods:
Unblock the File Directly: Right-click on the file in question and select Properties. Look for an option labeled "Unblock" in the Properties dialog box. Check this box to allow the macros to run.
Adjust Macro Settings in Excel: Open the Excel file and navigate to the File menu. Select Options and then Trust Center. Click on Trust Center Settings, and then go to Macro Settings. Choose Enable all macros to allow your Excel file to run macros. For users needing further guidance, a detailed guide is available on Ablebits blog, which provides additional information and troubleshooting tips.
Source: FORGE
Document Type: Excel
Date Published: August, 2024
