{"id":39644,"date":"2022-11-16T08:24:12","date_gmt":"2022-11-16T13:24:12","guid":{"rendered":"https:\/\/centricconsulting.com\/?p=39644"},"modified":"2024-02-22T14:45:04","modified_gmt":"2024-02-22T19:45:04","slug":"how-to-create-an-actual-vs-budget-report-in-dynamics-365-finance-and-operations","status":"publish","type":"post","link":"https:\/\/centricconsulting.com\/blog\/how-to-create-an-actual-vs-budget-report-in-dynamics-365-finance-and-operations\/","title":{"rendered":"How to Create an Actual vs. Budget Report in Dynamics 365 Finance and Operations"},"content":{"rendered":"
Microsoft Dynamics 365 Finance and Operations (F&O) provides a wide variety of financial reporting capabilities from reporting on individual projects or products to budgeting for an entire business or branch.<\/p>\n
Solid working knowledge of the different types of financial reporting is paramount for controllers to properly create and manage budgets using Dynamics 365 Finance and Operations. One financial report that is essential to all aspects of business is the actual vs. budget report<\/a>. This guide will walk through the what, why and how to of an actual vs. budget report using this tool.<\/p>\n The actual vs. budget report is a financial report<\/a> designed to showcase the difference between how much money a business assigned to a budget area vs. how much many has been spent in that same area. Users commonly create this type of report to track the difference between the actual amount of income and expenses for a period compared to what the predicted budget.<\/p>\n Knowing how much money has been spent as opposed to what the budget states is critical for your business to hit financial goals.<\/strong> In addition to having insights as to how finances are going, you can leverage the actual vs. budget report to address reasons why a financial target is or is not being met.<\/p>\n Now, we\u2019ll walk through how you can easily create this report in Dynamics 365<\/a> F&O.<\/p>\n <\/p>\n <\/a><\/p>\n <\/a><\/p>\n <\/a><\/p>\n <\/a><\/p>\nThe What and Why of an Actual vs. Budget Report<\/h2>\n
Steps to Generating and Reviewing the Actual vs. Budget report<\/h2>\n
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