The details of the Budget Performance report will display the
account code and name as headings as well as any opening and closing balances
for the selected account. The information is displayed in 5 columns and is as
Accounting Period - This is the accounting periods as setup in the
Setup - System Parameters - Reporting Dates menu option.
This Year - These figures would include the batches (Sales Journal,
Purchase Journal, Receipts Journal, Payments Journal, Petty Cash Payments
journal, etc. or any other batch type in which transactions were entered)
which was posted to the ledger. If
any documents (Invoices, Credit Notes, Purchase or Goods Received Notes and
Stock or Goods Returned documents) were updated to the ledger and Point-of-Sales Invoices for which the Shift is closed, the actual transactions would be included.
Budget - This is the budget amount, which is entered in the Edit -
Budgets menu option.
Variance Amount - This is the amount of the difference between the
transaction amount in This Year column and the Budget amount in the Budget
Variance Percentage - The difference between the transaction amount in
This Year column and the Budget amount in the Budget column is displayed as a
Any amounts displayed in <> indicates a credit or
negative figure. You may change this negative amount indicator to a minus sign
(-) to prefix your amounts or set it to display a D (for Debit) or a C (for
Credit) in the Setup - Preferences - Data Parameters