Higher Ed – Revenue & Expense Report

What is a Revenue and Expenses with Remaining Budget Report? Revenue and Expense reports, sometimes referred to as Statement of Activities are considered monthly financial statements and are used by finance officers and accountants to provide managers with year-to-date (YTD) results and to show them how much is still available of the annual budget. Some of the main functionality in this type of report is that it it shows actual results YTD for revenues and expenses along with the full year budget. It then automatically calculates how much of the revenue and expense budget remains. For each new period the report is run for, it dynamically recalculates the remaining budget. You find an example of this type of report below.

Purpose of Revenue and Expense Reports with Remaining Budget Calculation Universities and colleges use Revenue and Expense Reports with Remaining Budget Calculation to give department heads and finance managers an easy way to course correct during the year. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a higher education institution can improve its likelihood of meeting annual budgetary obligations, and it can reduce the chances that their managers tries to adjust spending too late in the year to align with budgets.

Who Uses This Type of Report? The typical users of this type of report are: CFOs, budget managers, analysts, department heads. Other Reports Often Used in Conjunction with Revenue and Expense Reports with Remaining Budget Calculation Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Revenue and Expense Reports, along with  formal financial statements, detailed expense and funding/revenue reports and other management and control tools.

Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from management systems or 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, Acumatica, 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 xFP&A solutions.

Built for higher education finance teams and aligned with Solver's xFP&A platform, this Solver report template connects directly to your ERP data via the Solver Data Warehouse, enabling near real-time analysis with minimal setup. Designed for QuickStart deployment, it can be activated rapidly so your team can focus on analysis and decisions — not data preparation.

What is the Higher Ed – Revenue & Expense Report in Solver? The Higher Ed – Revenue & Expense Report is a pre-built xFP&A report template in Solver designed for higher education organizations. It delivers key financial and operational metrics in a single, easy-to-use interface — purpose-built for higher education finance workflows.

Who uses this Solver report template? Finance leaders at higher education organizations — including CFOs, controllers, and higher education finance teams — use this template to get fast, reliable answers without waiting on IT or building custom reports. It supports both day-to-day monitoring and strategic decision-making.

Where does the data come from? Data is sourced automatically from your ERP system through the Solver Data Warehouse, which integrates with platforms such as Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, Acumatica, Sage Intacct, and other leading ERP solutions. Once connected, the template updates in near real-time with no manual data entry required.

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