Budget Variance

This chart runs the Budget Variance Report for the fiscal year and draws budget against actual per cost center, so you spot overspending early. Marketing budget Rs 10,000 against Rs 12,500 actual shows two bars with the actual taller. Budgets are set per cost center and account in Budgeting; actuals come from GL Entry on expense accounts. Depending on the Budget's settings the system can warn or block a Purchase Order that would breach the budget, so this chart is also a control.

Per cost center = Budget amount versus Sum of GL Entry actuals on budgeted accounts, from the Budget Variance Report for the fiscal year

1. 01Go to Budgeting; the chart sits beside the Budget shortcut.
2. 02Hover a bar to read budget, actual and variance.
3. 03To change the year or cost center, open the chart menu > Edit and set the report filters.
4. 04Click the chart to open the full Budget Variance Report month by month.
5. 05Open the overspending cost center's General Ledger and decide whether to cut or re-budget.

Spot overspending early.

Marketing budget Rs 10,000 against Rs 12,500 actual.