What is a Vendor Expense Budget Input Form?
Vendor Expense Input templates are considered part of an annual budget process and are used by budget managers and department heads to plan for expected expenditures by vendor. Key functionality in this type of budget form will automatically display prior year’s actual expenses for the related General Ledger (GL) account. This will provide the user with guidance when estimating next year’s spending with vendors in that expense category. A different variation of this template can also display historical data by vendor. You will find an example of this type of budget form below.
Purpose of Vendor Expense Budgets
Companies and organizations use Vendor Expense Budgets to increase overall budget accuracy and help plan next year’s relationship with each key vendor. When used as part of good business practices in a Corporate Department, a company can improve its operating expense budget accuracy, as well as, reduce the risk of forgetting important expense items when not detailed out in the budget process.
Vendor Expense Budget Example
Here is an example of an annual budget template for Vendor Expenses by GL account.
You can find hundreds of additional examples here.
Who Uses This Type of Budget Form?
The typical users of this type of budget form are: Budget Managers and Department Heads.
Other Budget Forms Often Used in Conjunction with Vendor Expense Budgets
Progressive Corporate Departments sometimes use several different Vendor Expense Budgets, along with budget templates for capital expenses, sales, P&L, payroll 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 100â€™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