Budget vs Actual - Revision history

Cyle van Niekerk at 13:08, 22 January 2014

2014-01-22T13:08:17Z

Eliza at 04:44, 9 March 2011

2011-03-09T04:44:08Z

Eliza at 05:53, 28 February 2011

2011-02-28T05:53:29Z

Admin: Created page with " More Detail= Account List for Budget Budgets Budget Definition Budget Definition List Budget List [[Budget Profit and Loss Rep..."

2011-01-21T05:49:39Z

Created page with "<menu name=myMenu align=center> More Detail= Account List for Budget Budgets Budget Definition Budget Definition List Budget List [[Budget Profit and Loss Rep..."

New page

<menu name=myMenu align=center>
More Detail=
[[Account List for Budget]]
[[Budgets]]
[[Budget Definition]]
[[Budget Definition List]]
[[Budget List]]
[[Budget Profit and Loss Report]]
[[Budget Reports]]
[[Budget Variation]]
[[Budget vs Actual]]
[[Job Report (Budget vs Actual)]]
</menu>

== Overview ==

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-<menu name=myMenu align=center>
+<menu name="myMenu" align="center">
 More Detail=
 [[Account List for Budget]]
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 [[Budget vs Actual]]
 [[Job Report (Budget vs Actual)]]
 </menu>
 == Overview  ==
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 In business, budgets are created to act as a forecast or prediction for the future based on the skill and knowledge of the people that create them. To be of benefit, the budgets must then be accurately tracked against actual figures to ensure that the company is on track. If for example, the expenses blow out - then the management of the company will need to see that and act on it quickly. The budget vs actual tool allows for exactly that.
-For the benefit of this manual only a very few transactions have been recorded. If no figures are appearing in your budget vs actual report - check your date ranges, departments selector ad if these are accurate - then the reason no figures are appearing is that no transactions have occurred on the accounts that are features in the budget.
+For the benefit of this manual only a very few transactions have been recorded. If no figures are appearing in your budget vs actual report - check your date ranges, departments selector and if these are accurate - then the reason no figures are appearing is that no transactions have occurred on the accounts that are features in the budget.
 '''How To View the Budget vs Actual report'''
-*Click on the [[Budget vs Actual]] button on the budget tab
+*Click on the [[Budget_vs_Actual]] button on the budget tab
 *The Budget vs Actual report will open
@@ Line 27: / Line 27: @@
 *Ensure your date ranges and department selectors are set accurately
-For more information about date ranges see date ranges in[[ global features]]
+For more information about date ranges see date ranges in[[Global features]]
 For more information on departments see departments in the general area of the manual

@@ Line 21: / Line 21: @@
 '''How To View the Budget vs Actual report'''
-*Click on the Budget vs Actual button on the budget tab
+*Click on the [[Budget vs Actual]] button on the budget tab
 *The Budget vs Actual report will open
@@ Line 27: / Line 27: @@
 *Ensure your date ranges and department selectors are set accurately
-For more information about date ranges see date ranges in global features
+For more information about date ranges see date ranges in[[ global features]]
 For more information on departments see departments in the general area of the manual
 *The data that fills the report now will match the budget selected, date range and department(s) selected.
-*All lists can be customised (See Customising lists)
+*All lists can be customised (See [[Customising lists]])
 *This list has active and inactive buttons
 *Budget vs Actual has search functions (see f5, f6, f7 searching)

← Older revision		Revision as of 05:53, 28 February 2011
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−	== Overview ==	+	== Overview ==
		+
		+	In business, budgets are created to act as a forecast or prediction for the future based on the skill and knowledge of the people that create them. To be of benefit, the budgets must then be accurately tracked against actual figures to ensure that the company is on track. If for example, the expenses blow out - then the management of the company will need to see that and act on it quickly. The budget vs actual tool allows for exactly that.
		+
		+	For the benefit of this manual only a very few transactions have been recorded. If no figures are appearing in your budget vs actual report - check your date ranges, departments selector ad if these are accurate - then the reason no figures are appearing is that no transactions have occurred on the accounts that are features in the budget.
		+
		+	'''How To View the Budget vs Actual report'''
		+
		+	*Click on the Budget vs Actual button on the budget tab
		+	*The Budget vs Actual report will open
		+
		+	*Select the budget that you wish to compare against actual figures from the drop down menu
		+	*Ensure your date ranges and department selectors are set accurately
		+
		+	For more information about date ranges see date ranges in global features
		+
		+	For more information on departments see departments in the general area of the manual
		+
		+	*The data that fills the report now will match the budget selected, date range and department(s) selected.
		+	*All lists can be customised (See Customising lists)
		+	*This list has active and inactive buttons
		+	*Budget vs Actual has search functions (see f5, f6, f7 searching)
		+	*Budget vs Actual can be filtered and sorted (see filtering and sorting lists)
		+	*Budget vs Actual can be exported (see exporting lists)
		+
		+	*Budget vs Actual can be printed (see printing reports)
		+	*You will see the account name
		+	*The account type.
		+	*The actual figures for these accounts. These actual figures have posted to this report from the flow of money into
		+
		+	these accounts. For more information see accounts, sales and purchases/bills
		+
		+	*You will see conservative figure - this is the dollar figure that you conservatively estimated (forecast or budgeted)
		+
		+	you should be at for this point in time - set when creating a new budget. Or updated an existing budget using a budget variation
		+
		+	*You will see a 'conservative varn' column - a dollar variance showing you how big the variation is from your conservative
		+
		+	budget to your actual figure
		+
		+	*You will see a 'Con Varn' column - a percentage figure showing you what percent of your conservative figure you have
		+
		+	actually achieved.
		+
		+	*You will see an aggressive figure - this is the dollar figure that you aggressivly estimated (forecast or budgeted) you
		+
		+	should be at for this point in time - set when creating a new budget. Or updated an existing budget using a budget variation
		+
		+	*You will see a 'aggressive varn' column - a dollar variance showing you how big the variation is from your aggressive
		+
		+	budget to your actual figure
		+
		+	*You will see a 'Agg Varn' column - a percentage figure showing you what percent of your aggressive figure you have
		+
		+	actually achieved.