www.loanperformer.com

Table of Contents (Online Help)

Budget Report

After you have posted the normal general ledger transactions, the budget report can be extracted to show the actual versus planned income and expenditure and the resultant position of your institution.

How to view the budget report

To view the budget report you go to the Accounts->Budget Report and a screen like the one below shows up:

• Reporting Month:  From the drop down box, select the month for which you want to generate the report. Do the same in the of Year drop down box.
• Budget Based Reports: From the available formats, select the one you wish to view your report in, e.g., "Standard Budget Report".
• Currency From the drop down, select the currency that you will be used to display the budget report
• From Branch ..... till Branch: From the drop down determine branches that you want to view the budget report for or tick the Check for all checkbox to view a report for all branches,
• From Cost Centre ..... till Cost centre: From the drop down determine cost centres that you want to view the budget report for or tick the Check for all checkbox to view a report for all cost centres.
• From Budget item: From the drop down select the budget items that you want to view the budget report for e.g Interest on Loans like one below or tick the Check for all checkbox to view a report for all cost centres
• From budget category: From the drop down select the budget categories that you want to view the budget report for or tick the Check for all checkbox to view a report for all budget categories.

Budget items and budget categories are defined at Accounts/Budgeting/Create budgets.

• Show GL Account Details: When this option is ticked, then the GL account numbers linked to the budget items will be displayed in the budget report along with the budget item and if not ticked then the GL accounts numbers will not be displayed in the budget report.

Select any other required additional options or use the default selections. For additional information on these options you can refer to Accounting Reports Formats.

Click on the OK button to view the report which will look similar to the following:

Note that a negative amount under the Period balance column indicates that the actual expense amount exceeded the budgeted expense amount or the actual income is less than what was actually earned in the selected period. A positive amount under the Period Balance column indicates that the actual expense amount is less than the budgeted expense amount or the actual income is more than the budgeted income.

Close the report to exit.

Related Topics

Contact LPF live support for more information
This service requires an Internet connection.