The management report displays the selected period's actuals vs budgets, year-to-date values, budget comparisons, and full-year projections against ledger codes.
This guide explains the key columns within your management report and what they mean, helping you interpret financial performance with confidence.
Columns Overview
The Management Report contains four main sections:
Period Values.
Year to Date Values.
Budget Comparison.
Full Year Projection.
Each section contains columns that help you compare actual financial activity with budgeted values and projected year end positions.
As at Period Values
Column | What it shows |
Actual | The amount spent or received during the selected period. |
Current Budget | Budget allocated for the selected period. |
Commitments (Optional) | Outstanding approved commitments for the selected period. |
Variance (£) | Difference between Budget and Actuals (including Commitments if selected): Income:
Expenditure:
|
% of Budget Spent | Percentage of YTD Budget used or received (including Commitments if selected). |
Year-to-Date (YTD) Values
Column | What it shows |
Actual (YTD) | Total spent or received so far, in the current financial year. |
Current Budget (YTD) | Budget allocated up to this point in the current year. |
Commitments (Optional) | Outstanding approved commitments year to date. |
Variance | Difference between YTD Budget and Actuals (including Commitments if selected): Income:
Expenditure:
|
% of Budget Spent | Percentage of YTD Budget used or received (including Commitments if selected). |
Budget Comparison
This section compares the original budget against the latest updated budget across the full financial year( Periods 1-12).
Column | What it shows |
Original Budget | Initial Budget imported into Finance. |
Current Budget | Latest imported budget. |
Variance (£) | Difference between Original and Current Budget. |
Full-Year Projection
This section provides a forecast of your expected financial position at year end.
Column | What it shows |
Current Budget | Total full-year Budget. |
Total Actuals + Commitments to Date | Spent or income so far ( including commitments if selected). |
Additional Known Commitments | Expected income or expenditure that is not yet present in the system, this will be a manually entered value. |
Remaining Profiled Budget | Allocated profiled Budget for the remainder of the year. |
Projected Budget Outturn | Expected final year-end position: Actuals +Commitments + Adjustments + Remaining Budgets. |
Variance (£) | Difference between Current Budget and Projected Outturn. |
Variance (%) | Variance as a percent of budget. |
Notes | Free-text comments to add explanations, risks or context. |