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 budget
To build your wool tracker budget, you can do this by adding in individual transactions:
If wool on hand existed prior to the Figured farm creation, you'll want to enter the budgeting opening livestock numbers which you can do by using Budget settings 20xx shown below.
You can manually enter these, or if you've got existing actuals / forecasts data sitting there you can copy from there using the button at the bottom.
Once your opening balances have been set for each stock class, you can move on to entering the budgeted wool movements.
Create your wool tracker forecasts
With your wool budget confirmed, you can move on to building out your forecasts.
We recommend copying your budgets to your forecasts from within the wool tracker, which will instantly replicate your budget and turn these into your forecasts. One click!
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 budget & 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 Xero as they happen on the farm, or come back in later and reconcile any movements that may have been captured on Xero but missed on Figured.