What is an
Event Revenue Budget
? Event revenue budgets are considered a key component of an annual budget and are used by venue- and budgeting managers to create a detailed revenue budget by event. Some of the main functionality in this type of input form is that it lists events across the columns and input fields for revenue-generating activities down the rows. On the first row, the user enters estimated attendance for each event and then each revenue item is entered by category. You find an example of this type of input form below.
Purpose of
Event Revenue Budgets Sports organizations and Venues use Revenue Budgets to improve financial planning by event. When used as part of good business practices in Budgeting and Accounting departments, a company can improve its strategic planning and improve budgeting and forecasting accuracy. It can also reduce the chances that off target budgets lead to poor decision-making.
Example of an
Event Revenue Budget Here is an example of an Event Revenue Budget model with attendance metrics and read-only view of related expenses. [caption id="" align="alignnone" width="2560"]
Example of a Event Revenue Budget for Venues and Professional Sports Teams[/caption] You can find hundreds of additional examples
here
Who Uses This Type of
Input form
? The typical users of this type of input form are: CFOs, budget managers, event managers, staffing managers.
Other Reports Often Used in Conjunction with
Event Revenue Budgets Progressive Budgeting and Accounting departments sometimes use several different Event Revenue models, along with expense budget forms, profit & loss budgets, event dashboards, revenue dashboards, actual versus budget variance reports 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, 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 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:
Example of a Event Revenue Budget for Venues and Professional Sports Teams[/caption] You can find hundreds of additional examples
here
Who Uses This Type of
Input form
? The typical users of this type of input form are: CFOs, budget managers, event managers, staffing managers.
Other Reports Often Used in Conjunction with
Event Revenue Budgets Progressive Budgeting and Accounting departments sometimes use several different Event Revenue models, along with expense budget forms, profit & loss budgets, event dashboards, revenue dashboards, actual versus budget variance reports 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, 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 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)
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Sports industry white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- 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
June 15, 2021
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