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Beneficial Reports for Reconciling Budget

Following reports might be useful for you when you are to reconcile a department’s budget:

  • Available Balance by Fiscal Year – under Fiscal Year Summary Report.  This report is useful for cost/fund centers that have planned revenue and/or expenses.  It displays the cost/fund center’s projected plan, actual activity, commitments, and a comparison of actual to plan
  • Inception to Date Report – under Inception to Date (Grants).  This report is useful for Grants and some Plant accounts.  It displays the cost/fund center’s current budget, actual activity, commitments and available balance.
  • Net Balance Report – under Fiscal Year Summary Reports.  This report is useful for cost/fund centers that receive Revenue.  It displays the cost/fund center’s revenue, actual expenses, commitments, and available balance.
  • Cost Center: Actual Line Item Report – under Reconciliation (Detail). This report is useful for all cost/Fund centers.  This report displays all actual transactions (expenses/revenues).
  • Plant Maintenance – under Actual cost of work orders.  This report in combination with the Actual Line Item Report provides you with a listing of all detailed transactions posted to an account.