The main concept across Figured is that you first build a budget, create your forecasts, and then day-to-day enter actual information and re-forecast.

Build your wool tracker forecast

If wool on hand existed prior to the Figured farm creation, you'll want to enter the opening quantity numbers which you can do by going to the tracker settings page. Once your opening balances have been set for each stock class, you can move on to entering the forecasted wool movements.

To build your wool tracker forecast you first want to ensure you have your global date settings correct. You'll want to ensure you've selected the current year you're working in. As per the example below, 2021 (A) > "Actuals + Forecast" (B) > "Actuals to none" (C). You'll know it's correct when you see the orange heading "Full Year Forecast".

As the year progresses and circumstances change, you'd want to come into your wool tracker forecasts and re-forecast, edit or delete existing transactions, add new ones, and get an immediate view of what your forecasted wool stock rec will look like and how it'll affect your cashflow.

Using and updating your wool tracker day-to-day with actual information

After the initial forecast creation, your wool tracker is now ready to use as often (or as little) as you need to keep on top of your stock reconciliation.

Post your actual sales and purchase information to your preferred accounting software as they happen on the farm, or come back in later and reconcile any movements that may have been captured on your accounting software but missed on Figured.

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