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BUDGETS
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You can maintain as many budgets as you like covering some or all of your individual funds and analysis accounts. The PROJECTS package also allows budgets to be set at an individual project level. You can create standard profiles to reflect seasonal variations and other known patterns of monthly income or expenditure to make it easier to split an annual budget figure accurately across the year. More accurate forecasts can then be created and unexpected variation highlighted more readily. This may be very important for cash flow forecasts. It is also possible for you to create budget values across multiple accounts at a time based on historical budget or actual figures.
Budgets can be printed out in an accounts list format or in a format that reflects your chosen income and expenditure or receipts and payment report format. Using the report sections facility you can effectively create sub-reports for particular budget holders. You can also produce reports that are consolidated at section level rather than listing out each account code. This summarised data is often more suitable for presentations to meetings than that giving detailed, disaggregated analysis. Similarly, a budget variance report showing variance by value and percentage against actual performance figures can be produced in a summary or detailed format. Often repeated reports can be catalogued so that your selections are remembered for the next time you want the report, leaving you just to change a single selection such as the date.
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