Maximize Profits and Efficiency: A Comprehensive Guide to Yardi Voyager 7S Advanced Budgeting & Forecasting from Kamlesh's blog

The Yardi Voyager Advanced Budgeting and Forecasting (“ABF”) module includes three sub-modules, which are, Budgeting and Forecasting, Advanced Budgeting and Valuations, all designed to integrate with the Yardi Voyager property management system and provide accurate forecasting to help you run your business and determine the best strategy for your investments.

Yardi Voyager  Based on the business requirements, we need to establish a detailed and comprehensive setup that includes the following.

• Forecast Books:This is needed to record the forecast in the system separate from the day-to-day accounting books.

• Account Tree:Setting up an account tree ensures systematic categorization, and consistency of structured hierarchy to match a company’s specific needs, facilitates compliance with accounting standards, and supports effective analysis.

• Workflows: Create Workflows for approval of budgets.

• Inflation:Setup Inflation tables based on either a flat annual rate or on varying annual rates.

• Allocation:Set up GL Allocation templates to allocate budgeted data among segments, if needed.

• Formulas:Create Formulas for forecasting which are assigned to GL accounts using models.

• S Curves: Setup S curves to forecast expenses according to a spread that is defined.

• MLAs:Create Commercial/Residential market leasing assumptions to forecast revenues during periods of tenant vacancy. MLAs are then assigned to units in a property. Setting up MLAs also includes creating leasing commission (LC) rate tables.

• Rate Table: Create global monthly rate tables for residential forecasting.