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Consolidated Ledger - Budget Reports
The Budget Reports provides details on financial budgets set up in AccountMate. These reports help you evaluate the company's performance based on the company's set goals. These reports are useful in monitoring cost management relative to the allocated resources, identifying unusual circumstances and trends, and helping you focus on problem areas.
Each of the Budget Reports is especially designed to provide several options so you can narrow down data to the specific information needed. Read the information below to get a closer look at each of the Budget Reports available in AccountMate.
Budget Listing
The Budget Listing report provides information on the budget amount allocated for each account ID and for each period in a fiscal year. It shows a list of each GL Account ID with its allocated amount for each period. This report is useful for verifying the budget records' completeness and reviewing the allocated amounts for a specific period. It also serves as reference in monitoring each GL Account ID's budget balance against actual operations.
You can generate this report using either the period-to-date or year-to-date option. You can also opt to include in the report the balance sheet accounts, income statement accounts, and zero balance accounts.
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Yearly Budget Total
The Yearly Budget Total report provides information on the total amount budgeted for each GL Account ID for the entire fiscal year. It lists each GL Account ID and its budget amount for the fiscal year. This report is useful for verifying the budget record's accuracy. It also serves as reference for monitoring each GL Account ID's budgeted balance against actual operations on a yearly basis.
You can select to include in this report the balance sheet accounts and income statement accounts.
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Budget Statement
The Budget Statement provides information on the comparison of the actual and budgeted amounts for a single period or range of periods based on a predefined budget. This report is useful in assessing actual against the budgeted amounts, and in monitoring and updating your company's budget.
The comparison data can be presented in either a balance sheet or income statement format. You can select to present data as actual versus budgeted or budgeted versus actual and to either show variance or prior year balance. You can also select to generate the report to show as comparison or availability of the budgeted amount. You can opt to include GL Account IDs, zero balance accounts, and GL Account IDs with zero activity. You can also choose to generate a consolidated report for all minor segments.
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