Budget vs Actuals by Project/ Element
The Budget vs Actual by Project/ Element report displays the actual cost against the available budget for the project, at the element level.
Select the required element and click Budget vs Actual by Project / Element / Cost Component or Budget vs Actual by Project / Element / Control Code to view the report for:
- The budget vs actual data at the project/ element/ cost component level
- The budget vs actual data at the project/ element/ control code level
To generate the report, specify:
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Company
The code of the company.
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Currency Type
The type of the currency used for the project.
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Project
The code of the project for which the report is generated.
The report displays:
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Element
The element linked to the project.
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Status
The status of the budget.
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Currency
The project currency.
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Budget
The budget allocated to the selected project. This is the Bottom-up budget specified in Infor LN (all budgets are considered, irrespective of the status).
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Actual Cost
The actual cost incurred on the project.
- Balance Budget
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Amount
The balance amount calculated using the formula:
(Budget - Actual Cost)
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%
The balance amount expressed as a percentage:
((Budget - Actual Cost)/ Budget))*100
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Amount