Planning Extending Some Actuals Into Next Fiscal Year?

Discussion created by e729j3 on Mar 6, 2019


We are creating a new budget (FY2020) for our next fiscal year and we are using our final forecast of the current fiscal year (FY2019) as the baseline.  I've noticed that the new budget includes the 1st quarter of actuals from our last fiscal year.  Is this a normal function?  And, if so, why wouldn't it include any other actuals beyond the 1st quarter? Should I be using something else as my baseline to build the next year's budget?  I appreciate any feedback!