Budgeting is vital to the success of a nonprofit organization. Considering the importance of budgeting, many groups find themselves in the situation that the fiscal year end is approaching and they would like to know where they stand financially. Comparing budget to actual numbers is helpful in the case that you may want to re-allocate funds before year end.
Many groups would like a clear picture of financials at a given time. They simply want a financial snapshot to make sure that all costs are covered when the fiscal year closes. It could mean that some fundraisers (revenue) have been completed, but some haven’t yet begun.
Analyze Your Budget With This New Feature
We are pleased to present the Budget Analysis Report. This report compares budget to actual numbers so you know where you stand financially. What is great about this report is that it splits budget line items into categories that have been completed, are in-progress or even deferred. You are able to edit categories at any time and make updates when an item is completed and numbers are reported.
At the bottom of the Budget Analysis Report there are two helpful categories. First, there are Actuals-to-Date which splits out “Funds Available at the start of year” with funds “in-bank to date”. The second category details projected numbers that reflect activities not yet completed.
The Budget Analysis Report is easy to share. There is a button to print or export to PDF. You can also highlight the page and copy and paste into an Excel file. There is even a link for help if you have a question or concerns.
To get your organization on financial track, check out the Budget Analysis Report today!
We are happy to give you a free demo of this report at your convenience. Contact us M-F 8am – 5pm PT.