Skip to main content

Budget-Actuals-Commitments

The data model comprises measures such as Budget Base, Budget Base Reversed, Budget Reporting, Budget Reporting Reversed, Actual Reporting, Actual Reporting Reversed, Variance Reporting, Variance Base, Variance %age, Actual Base, Actual Base Reversed, Outstanding Commitment Base, and Commitment Base. Views include Budget vs Actual by Posting Code and Budget vs Actual by Cost Centre. These views facilitate the analysis of variances in budgeted and actual amounts based on posting code and cost center, respectively, providing insights into financial performance and commitments.

Benefits of This Data Model​

  • Enhanced Financial Analysis: The data model allows for detailed analysis of variances between budgeted and actual amounts by posting code and cost center, providing insights into financial performance.
  • Improved Decision-Making: By providing comprehensive views and measures, the data model supports better decision-making based on accurate and timely financial information.
  • Efficient Resource Allocation: With access to detailed budget and actual data at different levels such as company, period, and segment, organizations can optimize resource allocation effectively.
  • Better Budget Control: The data model enables monitoring of outstanding commitments and budget utilization through measures like Commitment Base and Outstanding Commitment Base, facilitating better control over budget management.

Key Performance Indicators (KPIs)​

  • Budget Base: The base amount of the budget without any adjustments or reversals.
  • Budget Base Reversed: The reversed version of the base amount of the budget, reflecting any reversed transactions or adjustments.
  • Budget Reporting: The amount of the budget to be reported or communicated to stakeholders.
  • Budget Reporting Reversed: The reversed version of the budget amount for reporting purposes.
  • Actual Reporting: The actual amount spent or earned to be reported.
  • Actual Reporting Reversed: The reversed version of the actual amount for reporting purposes.
  • Variance Reporting: The variation between the budgeted and actual amounts for reporting purposes.
  • Variance Base: The base value of the budget variance before any adjustments or calculations.
  • Variance %age: The percentage difference between the budgeted and actual amounts.
  • Actual Base: The base amount of the actual transactions before any adjustments.
  • Actual Base Reversed: The reversed version of the base amount of the actual transactions.
  • Outstanding Commitment Base: The base amount of outstanding commitments yet to be fulfilled.
  • Commitment Base: The base amount of all commitments made.

Available Visualizations​

View NameDescription
Budget vs Actual by Posting CodeAnalyzes variances between budgeted and actual amounts by posting code.
Budget vs Actual by Cost CentreCompares budgeted amounts to actual spending by cost center.