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 each 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 column.
Variance Percentage - The difference between the transaction
amount in This Year column and the Budget amount in the Budget column is
displayed as a percentage.
Income Accounts should reflect a credit figure and expense
accounts should reflect a debit figure in This Year and the Budget
The amounts which are 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