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Balance Sheet Actual v Budget Report

CAC1

Hi,

can anyone tell me how to get a balance sheet report that compares actuals to budget?
I've uploaded the data for a cashflow budget so the information is all there. Surely it's possible to report against budget for the balance sheet too??

Adrian

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Accepted answers

Earl_HD

Hi @CAC1,

In MYOB Business, there is no built-in report that compares Balance Sheet actuals to budget — only Profit and Loss (Income Statement) reports can be compared against budgeted figures. Additionally, the Cash Flow Analysis tool and P&L [Budget Analysis] report allow for actual vs budget comparisons, but these do not extend to Balance Sheet components like assets, liabilities, or equity.

Regards,
Earl

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Isaiah_C

Hi @ianlennie,

Thanks for raising this. The P&L budget report rounds each month’s budget figure to the nearest dollar before adding them up, so the total can be a few dollars different from the amount in your budget, especially when the monthly figures include cents. There isn’t currently a setting to change this or show the unrounded budget total in the report. You can check the original figures in Budget Management, where the monthly amounts are shown.

Regards,

Sai

ianlennie

I have set up a budget but when reporting P & L comparing actual to budget, the budget figures shown are mostly out by $4, possibly a rounding error. How can I have the actual budget figures shown on the report?"

CAC1

Thanks Earl

Earl_HD