Budgets Compare Statement
Budgeting is a process. This means budgeting is a number of activities performed in order to prepare a budget. A budget is a quantitative plan used as a tool for deciding which activities will be chosen for a future time period.
In a business, the budgeting for operations will include the following:
- preparing estimates of future sales
- preparing estimates of future cash collections and disbursements
- preparing estimates of the future day-to-day activities of the organization
- summarizing these estimates into an income statement and balance sheet
How to View Budgets Compare Statement Report?
In the Account Reports menu, select Budgets Compare Statement.a) View All Data.
1. Select Budgets.
2. Select From Date & To Date.
3. Then Click Report.
b) Report:
| Demo Company | ||||||
| Budgets Compare Statement | ||||||
| Budgets : Budget for Feb. | Date : 01/02/2018 to 28/02/2018 | ||||||
| Ledger | Budget Amount | Upto Previous | Current Period | Total Transaction | Budget Balance | Utilization |
|---|---|---|---|---|---|---|
| Administration Overheads | ||||||
| Business Promotional Expenses | 6,000.00 | 0.00 | 4,000.00 | 4,000.00 | 2,000.00 | 66.67% |
| Conveyance | 5,000.00 | 0.00 | 3,000.00 | 3,000.00 | 2,000.00 | 60.00% |
| Fuel & Oil Expenses | 4,000.00 | 0.00 | 6,000.00 | 6,000.00 | -2,000.00 | 150.00% |
| Sub Total : | 15,000.00 | 0.00 | 13,000.00 | 13,000.00 | 2,000.00 | 86.67% |