Profit & Loss Budget Analysis Report for Sage Intacct
What is a Profit & Loss Budget Analysis Report?
A Profit & Loss (P&L) Budget Analysis Report is a tool that executives and budget managers use to assess the overall budget at a summary level. This type of management report compares the budget with year-to-date actual figures and forecasts for the rest of the year, while also highlighting variances between the budget and the previous year’s actual results. At the top of the report, graphical summary metrics are presented, and users can explore transactional budget or actual data by drilling down on any number. An example of a P&L Budget Analysis Report is illustrated below.
Purpose of Budget Analysis Reports
The aim of Budget Analysis Reports is to improve budget accuracy and analyze different budget scenarios to determine the most likely outcome. When integrated into sound business practices within a Financial Planning & Analysis (FP&A) Department, Budget Analysis Reports can increase a company’s capacity to create optimal budgets and minimize the risk of preventable budget variances.
Benefits to Users
Using a Profit & Loss Budget Analysis Report allows business users to make better decisions and be more productive in their jobs. This model provides a comprehensive overview of the company’s financial status, allowing budget managers and executives to identify potential areas of concern and take corrective action before problems escalate. Additionally, users can examine specific data points to gain a more in-depth understanding of the underlying transactions and factors driving the budget. This allows them to make informed decisions based on accurate, real-time data and take responsibility for their budgets. Ultimately, employing a Profit & Loss Budget Analysis Report can lead to more efficient budgeting processes, improved budget accuracy, and better business results.
Budget Analysis Report Example
Here is an example of Profit & Loss Budget Report with charts and variance analysis.
You can find hundreds of additional examples here.
Who Uses This Type of Management Report?
The typical users of this type of management report are: Executives and Budget Managers.
Other Management Reports Often Used in Conjunction with Budget Analysis Reports
Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Budget Analysis Reports, along with balance sheet and cash flow budget analysis reports, departmental detail and other management and control tools.
Where Does the Data for Analysis Originate From?
The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.
In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards?
Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards
Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now. Take a free tour of Solver for any of these ERPs: