Skip to main content
Version: Current

Performing Budget Reporting and Variance Analysis (Placeholder)

Info: Placeholder Documentation

Zudello's advanced Reporting and Dashboard features, including dedicated Budget Reporting, are currently under development or pending full documentation. This guide provides a conceptual overview based on planned functionality. Specific steps and UI elements may change.

Understanding how actual spending compares to your planned budgets is crucial for financial control. Zudello aims to provide robust reporting tools to analyse budget performance and investigate variances.

Best practices (Anticipated)​

  • Regularly review budget reports (e.g., monthly, quarterly) to monitor performance.
  • Focus on significant variances to identify areas needing attention.
  • Drill down into transactions contributing to variances to understand the root cause.
  • Use reporting insights to inform future budget planning and adjustments.

Understanding Budget Reporting (Anticipated Functionality)​

Zudello's future reporting capabilities are expected to include dedicated budget reports, allowing users to:

  • View Budget vs. Actuals: Compare budgeted amounts against actual spending (and potentially committed/pending spend) across different dimensions (Departments, GL Accounts, Projects, etc.) and time periods.
  • Calculate Variances: Automatically calculate the difference between budgeted and actual amounts, both in absolute terms ($) and as a percentage (%).
  • Filter and Group Data: Filter reports by specific budgets, dimensions, time periods, or variance thresholds. Group data by dimensions for hierarchical analysis.
  • Drill Down: Click on variance amounts or actual spend figures to see the underlying transactions contributing to that total. This is key for investigating why a variance occurred.
  • Customise Views: Potentially save customised report layouts or views for recurring analysis.
  • Export Data: Export report data to formats like CSV for further analysis in external tools (e.g., Excel).

Accessing Budget Reports (Anticipated Location)​

Budget reports will likely be accessible through:

  • A dedicated Reporting module.
  • Potentially within the Budgets module > Reports submodule.

Analysing Variances​

When reviewing budget reports, focus on:

  • Significant Variances: Identify budget lines with large dollar or percentage differences from the plan.
  • Trends: Look for consistent overspending or underspending in specific areas over time.
  • Root Cause Analysis: Drill down into the transactions behind variances. Was it due to unexpected price increases, unplanned purchases, incorrect coding, or inaccurate budgeting?
  • Context: Consider any reasons provided for budget exceptions when analysing variances (if captured during the approval process).

Need help?​

As the Reporting and Dashboard features become available and fully documented, detailed guides on creating and interpreting budget reports will be provided. In the meantime, contact your organisation administrator or Zudello support for information on the feature roadmap and availability.