Chapter 19. Software Packages: Computer-based Models and Spreadsheet Software
Budgeting, financial forecasting, and planning can utilize a microcomputer with a powerful spreadsheet program, templates, or add-ins. In addition, more and more companies are developing computer-based models for planning and budgeting, with powerful yet easy-to-use modeling languages such as Budget Maestro.
The models not only help build a budget for profit planning but answer a variety of "what-if" scenarios. The resulting calculations provide a basis for choice among alternatives under conditions of uncertainty.
In this chapter, we illustrate how to use the more popular ones, such as Excel and Up Your Cash Flow.
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