View Account Budget vs Actuals – A summary of the activity

This activity allows you to view a comparison between the budget and the actuals of the selected account. You can view the comparisons if the budgets have been set for the selected account codes. The budget for the individual accounts must have been defined in the “Account Based Budgeting” business component. This budget can be compared to the actual amounts that have been posted in the selected accounts. You can view the account details available in a finance book for a selected financial year or period.

This page allows you to carry out a search to view the comparison. You can search based on the group to which the account belongs, the action that controls the balances and the currency of the account. You can also search by specifying a range within which the account codes fall and the description of the account code. The system retrieves the comparison details based on the search criteria entered. You can view details like the amount that has been budgeted for the account and the amount that has been used till date. You can also view the amount and the percentage of the variance between the budget and the actuals. You can also view the sum totals of the amounts that have been budgeted, utilized and the variance.

Note: Details in this page can be viewed only if the “Account Based Budgeting” business component is deployed in the login organization unit.

 

 

 

 

 

 

 

 

 

 

 

 

What you can do in this activity

View a comparison of budget against actual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

View a comparison of budget against actual

The budget for an account is set in the “Account Based Budgeting” business component. A comparison can be viewed between the budget set and the actual that has posted in the finance book. This comparison can be viewed only if the “Account Based Budgeting” business component is deployed in the login organization unit.