Financial Summary report

You can see the financial effects of employee-related costs on a general ledger directly in Workforce Budgeting. Review these costs before they are transferred to the Finance core and included in the main budget.

This report displays salary, pay, and benefit costs by accounting unit. Employee costs by accounting unit become available after these steps are performed:

  1. The configuration set is configured for Workforce Budgeting
  2. Employee-related metadata is imported from client's source systems
  3. Calculations are started and allocations are performed
    Note: To see up-to-date data on the Financial Summary report, we recommend that you re-start allocations. This step ensures that employee costs reflect any changes to the initially imported and calculated data. You can re-start allocations through the Employee Roster or the Allocation Report.

To access the Financial Summary Report, select Home > Module Settings and Budgeting > Reporting > Financial Summary Report.

To configure the report, select these parameters:

  • Configuration set
  • Version
  • Entity
  • Organization
  • Periodicity
  • Start Period
  • End Period
Note: If, after applying the context settings, the data is outdated, the notification bar is shown. Click the link in the notification bar to resolve the issue in the report.

You can expand each row to see how salaries, salary-related actions, and different pay and benefit actions affect the total costs for the selected account. The financial costs are displayed for each period and the total value for the selected date range is provided.

Use the Columns button to limit the information that is displayed in the report. You can select from these columns: account code, account name, pay and benefit details, and total.

To filter the accounts that are displayed in the report, specify a code or account name in the report header. Displayed records can be sorted by the account code, account name, total column, or value for the selected period.

By default, zero suppression is activated in the report. If deactivated, the report displays all accounts that are activated for Workforce Budgeting regardless of whether they include any employee associated costs.

You can export the report into an Excel or a PDF file.

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