An important report for managers and financial analysts is the budget versus balance report. Note that the report depends upon the implementation of #267.
Budget versus Balance
The budget versus balance report is very similar to the Profit and Loss Statement. It concerns only income and expense accounts. The idea is to compare the income and expense accounts against what the budget has for the income and expense accounts. Importantly, the report should show the variance between what has been budgeted and what was actually received.
An important report for managers and financial analysts is the budget versus balance report. Note that the report depends upon the implementation of #267.
Budget versus Balance
The budget versus balance report is very similar to the Profit and Loss Statement. It concerns only income and expense accounts. The idea is to compare the income and expense accounts against what the budget has for the income and expense accounts. Importantly, the report should show the variance between what has been budgeted and what was actually received.