After you set up a budget for a property, you can use the Budget Comparison Report to compare budgeted amounts to actual amounts.
Go to Reporting > Financial Reports. On the left side of the screen, select Budget Comparison. Complete the filter and click Display.
Notes:
We recommend selecting the Suppress Zero option -- it keeps unused accounts from appearing on the report.
You must select the same accounting option (Cash or Accrual) that you selected when you set up the budget.
Due to size limitations, the screenshot does not show all the columns. On the right-hand side, there are additional columns for Variance, % Var, and Annual.
Colors in the % Var Columns
The cells in the % Var columns display different colors, depending on the difference between the budgeted amount and the actual amount.
If the actual amount is with 5% of the budgeted amount, the cell is blank (no color).
Variance is shown differently for income and expense accounts:
For income accounts, if the actual amount is over the budgeted amount, the color ranges from yellow to green (green = good). If the actual amount is under the budgeted amount, the color ranges from yellow to red (red = bad).
For expense accounts, it's the reverse -- if the actual amount is over budget, the color ranges from yellow to red (red = bad). If the actual is under budget, the color ranges from yellow to green (green = good).