Posts

Higher Education Reporting - Actual versus Budget Payroll Variance Analysis

What is a Actual versus Budget Payroll Variance Report?

Payroll variance reports are considered monthly analysis tools and are used by finance and HR managers to review potential significant variances in actual employee compensation compared to the budget. Some of the main functionality in this type of report is that it it groups employees in two main categories and presents the actual salaries with a comparison to the budget and displays the difference. The two employee categories are: 1) Classified salaries with subsections for permanent and temporary positions, and 2) Unclassified salaries with subsections for permanent and temporary positions. You find an example of this type of report below.

Purpose of Actual to Budget Payroll Variance Reports

Universities and colleges use Actual to Budget Payroll Variance Reports to easily detect major differences between budgeted and actual compensation. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a higher education institution can improve its budget accuracy and it can address any unplanned hiring or compensation discrepancies, and it can reduce the chances that the major variances goes undetected.

Actual to Budget Payroll Variance Report Example

Here is an example of a Actual versus Budget Payroll Variance Report.

Higher Education Reporting - Actual versus Budget Payroll Variance Analysis

Higher Education Reporting – Actual versus Budget Payroll Variance Analysis

You can find hundreds of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: HR managers, CFOs, budget officers, department managers.

Other Reports Often Used in Conjunction with Actual to Budget Payroll Variance Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Actual to Budget Payroll Variance Reports, along with  budget accuracy reports, detailed monthly payroll reports, HR and Payroll dashboards, financial statements 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 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

Higher Education Report Example - Comparison Between Current Year and Next Year Budgets

What is a Budget Comparison Report?

Budget comparison reports are considered budget analysis tools and are used by budget managers to provide executives with a clear picture of variances between the current and next year’s budget. Some of the main functionality in this type of budget report is that it it shows the differences between two annual budgets and displays these both as amounts and in percent. The general ledger (GL) accounts are listed down the rows with funds as the most detailed level. The report can be produced at the detailed department level or consolidated to a school or university level. You find an example of this type of budget report below.

Purpose of Budget Comparison Reports

Universities and colleges use Budget Comparison Reports to make it easy for executives to see where the major changes are in the current budget versus that of the prior year. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a higher education institution can improve its budget accuracy, and it can reduce the chances that the major budget changes are approved without proper scrutiny.

Budget Comparison Report Example

Here is an example of a Budget Variance Report comparing the new budget with prior year’s budget.

Higher Education Report Example - Comparison Between Current Year and Next Year Budgets

Higher Education Report Example – Comparison Between Current Year and Next Year Budgets

You can find hundreds of additional examples here

Who Uses This Type of Budget report?

The typical users of this type of budget report are: Executives, budget officers, department managers.

Other Budget reports Often Used in Conjunction with Budget Comparison Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Budget Variance Reports, along with  budget accuracy reports, budget comment reports, budget dashboards, transaction detail budget 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 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

Higher Education Reporting - Monthly Trends in Revenues and Expenses Example

What is a Monthly Trends in Revenues and Expenses Report?

Revenue and Expense trend reports, sometimes referred to as Statement of Activity trend reports, are considered monthly financial statements and are used by finance teams and executives to easily get a broad view of financial seasonality and other trends. Some of the main functionality in this type of report is that it automatically displays actual (or budget) for all months of the year. Another popular version of this report shows rolling twelve or eighteen months in the columns. The rows are laid out like a typical sources and uses of funds financial statement. The charts on top of the report help the user visualize the key metrics. You find an example of this type of report below.

Purpose of Revenue and Expense Trend Reports

Universities and colleges use Revenue and Expense Trend Reports to easily detect month to month or quarter to quarter trends and anomalies in the organization’s financial results. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a higher education institution can improve its speed and agility to make important business decisions, and it can reduce the chances that the avoidable outcomes are left untouched for longer than necessary.

Revenue and Expense Trend Report Example

Here is an example of a Revenue & Expense Trend Report that can be produced for actual or budgeted financials.

Higher Education Reporting - Monthly Trends in Revenues and Expenses Example

Higher Education Reporting – Monthly Trends in Revenues and Expenses Example

You can find hundreds of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: CFOs, budget managers, and analysts.

Other Reports Often Used in Conjunction with Revenue and Expense Trend Reports

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Revenue and Expense Trend Reports, along with  monthly variance reports, balance sheets, cash flow statements, financial dashboards 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 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

Higher Education Reporting - Revenue and Expenses with Remaining Budget

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.

Revenue and Expense Reports with Remaining Budget Calculation Example

Here is an example of a Revenue & Expense Report with actual results YTD, full year budget and remaining budget information.

Higher Education Reporting - Revenue and Expenses with Remaining Budget

Higher Education Reporting – Revenue and Expenses with Remaining Budget

You can find hundreds of additional examples here

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 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

Higher Education Budgeting Example - Allocations of Expenses to Programs and Funds

What is an Allocation of Program Expenses to Funds Model?

Budget Allocation Input forms are considered key components of an annual budget and are used by budget managers to allocate operating expenses to programs and funds. Some of the main functionality in this type of input form is that it it lists expense account categories across the columns and funds grouped by program down the rows. The users can view the budgeted amounts at the program level and then break this up by fund using the yellow input cells. The “Difference” columns automatically display the remaining balance to be allocated. You find an example of this type of input form below.

Purpose of Budget Allocation Models for Program Expenses

Universities and colleges use Budget Allocation Models for Program Expenses to make it easy for users to spread the program expenses to the individual funds tied to that program. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its expense planning process, and it can reduce the chances that the fund budgets don’t reconcile to the program and account level budgets.

Budget Allocation Models for Program Expenses Example

Here is an example of a Budget Allocation Input Form to allocate program expenses to funds.

Higher Education Budgeting Example - Allocations of Expenses to Programs and Funds

Higher Education Budgeting Example – Allocations of Expenses to Programs and Funds

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: Budget Managers and Department Managers.

Other Input forms Often Used in Conjunction with Budget Allocation Models for Program Expenses

Progressive Budgeting and Planning departments sometimes use several different Budget Allocation Models, along with  payroll budgets, capex and operating expense budgets, revenue templates 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 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

Higher Education Budgeting Example - Operating Expense Budget Request by Fund

What is a Operating Expense Budget Request by Fund?

Operating Expense (Opex) budget requests by fund are considered essential building blocks of the annual budget and are used by budget managers and department heads to enter fund-level adjustments to the baseline budget. Some of the main functionality in this type of input form is that it it dynamically lists funds at the GL account level with user input in the yellow cells. The first three columns aid the end users in their data entry by providing read-only information about last year’s actual results, target changes from the budget office and the department baseline budget. The user enters proposed adjustments in either % and/or as amounts, and this is then automatically calculating the Department Request column. On the far right of the template the user can enter text comments. You find an example of this type of input form below.

Purpose of Opex Budget Requests by Fund Templates

Universities and colleges use Opex Budget Requests by Fund Templates to automate and simplify the budget entry of operating expenses with fund details. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its planning process, and it can reduce the chances that the users enter less accurate budgets due to lack of background information.

Opex Budget Requests by Fund Template Example

Here is an example of an Opex Budget Request by Fund input form with history, target adjustments and data entry columns.

Higher Education Budgeting Example - Operating Expense Budget Request by Fund

Higher Education Budgeting Example – Operating Expense Budget Request by Fund

 

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 Department Managers.

Other Input forms Often Used in Conjunction with Opex Budget Requests by Fund Templates

Progressive Budgeting and Planning departments sometimes use several different Opex Budget Requests by Fund Templates, along with  payroll budgets, capex budgets, revenue templates 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 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

Higher Education Budgeting - Salary Request by Fund Example

What is a Salary Request by Fund?

Salary Request input forms with fund details are considered a component of employee expense planning models and are used by budget managers and HR to create budget requests by fund based on the department baseline budget. Some of the main functionality in this type of input form is that it automatically displays last year’s actual results as well as the target adjustment. The users then enter their proposed % and/or amount increase or decrease. The far right amount column shows the total budget request. The rows list funds grouped by GL account. On the right side of the form, the users can enter comments to explain any significant information related to the request. You find an example of this type of input form below.

Purpose of Salary Budget Request by Fund Models

Universities and colleges use Salary Budget Request by Fund models to automate and simplify the budget entry of personnel related expenses with fund details. When used as part of good business practices in a Budgeting and Planning Department, a higher education institution can improve its planning process, and it can reduce the chances that users enter less accurate budgets due to lack of visibility to budget targets and historical information.

Salary Budget Request by Fund Model Example

Here is an example of a Salary Budget Request by Fund input template.

Higher Education Budgeting - Salary Request by Fund Example

Higher Education Budgeting – Salary Request by Fund Example

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: HR and Department Managers.

Other Input forms Often Used in Conjunction with Salary Budget Request by Fund Models

Progressive Budgeting and Planning departments sometimes use several different Salary Budget Request by Fund models, along with  payroll budgets, capex budgets, operating expense- and revenue templates 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 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

Higher Education Budgeting - Target Adjustments by Fund Example

What is a  Target Adjustments by Fund Template?

Budget Target Adjustment input templates are considered important components of an annual planning process and are used by the budget manager and the president’s office to guide end users as they enter budgets. Some of the main functionality in this type of input form is that it it automatically displays last year’s actual results to assist and guide the user as they enter the target adjustment in the yellow cells. The far right column calculates next year’s target budget by multiplying the adjustment % with last year’s actual result. The rows in the form dynamically list each fund by GL expense account and the total figures are displayed at the bottom. You find an example of this type of input form below.

Purpose of Target Adjustment Templates

Universities and colleges use Target Adjustment Templates to quickly and easily create an initial proposed budget based on desired or likely targets. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its planning process, and it can reduce the chances that the departmental end users doing the bottom-up budget process miss the university’s fund expense targets by a wide margin.

Target Adjustment Template Example

Here is an example of a Target Adjustment form to budget for fund expenses.

Higher Education Budgeting - Target Adjustments by Fund Example

Higher Education Budgeting – Target Adjustments by Fund Example

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: Budget Officers and Department Managers.

Other Input forms Often Used in Conjunction with Target Adjustment Templates

Progressive Budgeting and Planning departments sometimes use several different Target Adjustment Templates, along with  payroll, capex, operating expense- and revenue templates 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 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

Higher Education Budgeting - Review and Adjustments Example

What is a Budget Review and Adjustments Template?

Annual Budget Review and Adjustments templates are considered management input forms and are often used by the budget manager and the president’s office to review departmental budgets and make final adjustments and comments. Key functionality in this type of input form shows the requested revenues and expenses for a department/school and then allows for adjustments. The budget manager and the president’s office have separate input and comment columns leading up to the final approved budget. The bottom (not visible in the screenshot below) of the template displays the net surplus or deficit. You will find an example of this type of input form below.

Purpose of Budget Review Templates

Universities and colleges use Budget Review Templates to streamline the analysis, review and approval of the institution’s individual budgets. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve and speed up its annual budget process, as well as, reduce the chances that budgets are delayed or unclear from lack of documentation and workflow.

Budget Review Template Example

Here is an example of a University Budget Review Form for Annual Budget Adjustments and Approval.

Higher Education Budgeting - Review and Adjustments Example

Higher Education Budgeting – Review and Adjustments Example

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: Budget Managers and Office of the President.

Other Input Forms Often Used in Conjunction with Budget Review Templates

Progressive Budgeting and Planning Departments sometimes use several different Budget Review Templates, along with payroll, capital expense, operating expense and revenue budget templates 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)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Higher Education Budgeting - Expense Requests Example

What is an Expense Request Budget Template?

Expense Budget Request templates are considered department input forms and are often used by department heads to enter their suggested funding needs to cover expenses for the upcoming year. Key functionality in this type of input form automatically displays the summary of the salary budget (entered in a separate, detailed employee template) and provides input for all other expenses. The left columns show last year’s actual results, as well as, the target change that the budget office is expecting to see. If desired, last year’s budget can also be displayed and used as a baseline. Where desired, the department manager enters a percent or amount (or both) to increase or decrease the baseline budget. Explanations are entered in the comment column on the right and can later also be displayed in the final budget review reports. You will find an example of this type of input form below.

Purpose of Expense Request Templates

Universities and colleges use Expense Request Templates to give department managers a secure and convenient web form to capture their budget. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its annual budgeting process and speed, as well as, reduce the chances of delayed or inaccurate budgets because users lack good information or the ability to document their requests.

Expense Request Template Example

Here is an example of a University Budget Form for Departmental Expense Requests.

Higher Education Budgeting - Expense Requests Example

Higher Education Budgeting – Expense Requests Example

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: Budget Officers and Department Managers.

Other Input Forms Often Used in Conjunction with Expense Request Templates

Progressive Budgeting and Planning Departments sometimes use several different Expense Request Templates, along with payroll, capital expense and revenue budget templates 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)

Corporate Performance Management (CPM) Cloud Solutions and More Examples