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BUDGETS WITH FORECASTING AND VARIANCE REPORTING
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You can maintain as many budgets as you like covering some or all of your analysis accounts and funds. You do not need to worry about creating them for all the small residual funds that churches may find themselves with and may wish to focus budgetary efforts on the general fund alone. A number of standard profiles beyond an even monthly split can be created, reflecting seasonal variations and other known patterns of irregular 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 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 receipts and payment/income and expenditure 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 can be produced in a summary or detailed format and for all or only some of your report sections. 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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