TIP: When you're entering items into a draft plan, make sure the figures are GST exclusive to match the default plan settings and reports.
How to create a draft plan
Go to the Plan screen.
Click on New in the draft section and in the year you want to create the plan.
TIP: if you select the wrong year, you have a chance to correct it later.
Give your plan a name
Such as the reason for the plan like 'Lease Block Proposal'.
Don't add a year to the plan's name though, this will be done for you.
We would encourage you to a add a plan description. This provides additional information about the plan and helps you identify any specific plan at a later date.
TIP: If you have selected the wrong year, you can correct it at this point
Choose your Starting Point
You can choose to create your plan from Empty and start from scratch, or use other data you have already stored in Farm Focus to create from previous Actuals or from a Revised View of your Current Working Plan.
Once the Draft Plan has been created you can click into the Plan settings to update more information.
Enter an opening balance
When you create a draft plan, the opening balance will automatically default to $0. You can have the option to copy across the closing balances from the previous year if you wish, or enter in a different amount for the draft scenario.
Click into the Settings icon
Click +Copy account details to plan if you want to copy across the closing balances from the previous year
Enter your overdraft limit and rate.
If you have more than one bank account, you can enter these details for each.
Enter opening GST
This is the payment/refund that takes place in the first month of the new year yet relates to the previous year's final GST period.
This can make a big difference to cashflow in your plan so it's important to add an amount, even if it's just an estimate.
Enter opening livestock numbers
You can either copy Last Year's closing numbers across or enter a different tally.
Click on the arrow next to each stock code i.e. SH (Sheep) to record tallies against each stock class i.e. Mixed age ewes.