Budget Entry

The data model includes budgeted and actual expenditure metrics at transaction, ledger, and global levels, allowing comparison and variance analysis. It calculates budget margins, percentage realized, and tracks expenses against allocated funds. The model comprises Budget View for an overview, Budget Entry for detailed allocations, and Expense Budget View for cost analysis based on budget vs. actual expenses.

Benefits of This Data Model

• Enhanced Financial Monitoring: The data model enables detailed tracking of budgeted and actual expenditures at different levels, facilitating thorough financial analysis and oversight.
• Improved Decision-Making: By providing insights into budget margins, percentage realized, and expense tracking, the model empowers stakeholders to make informed decisions based on accurate financial data.
• Streamlined Budget Allocations: With the inclusion of Budget Entry view for detailed allocations, the data model simplifies the process of allocating funds and ensures transparency in budget management.
• Efficient Cost Analysis: The Expense Budget View facilitates cost analysis by comparing budgeted expenses with actual expenditures, helping in identifying variances and optimizing spending decisions.

Key Performance Indicators (KPIs)

• Budget Amount: The planned amount of money allocated for a specific category or period.
• Actual LY Amount Transaction: The actual amount of money spent in the previous year at a transaction level.
• Actual LY Amount Ledger: The actual amount of money spent in the previous year at a ledger level.
• Actual LY Amount Global: The actual amount of money spent in the previous year on a global scale.
• Actual Amount Transaction: The current actual amount of money spent at a transaction level.
• Actual Amount Global: The current actual amount of money spent on a global scale.
• Actual Amount Ledger: The current actual amount of money spent at a ledger level.
• Budget Margin: The difference between the budget amount and the actual amount spent.
• Budget Margin %: The percentage difference between the budget amount and the actual amount spent.
• % Realized: The percentage of the budget that has been realized based on actual spending.

Available Visualizations

View Name	Description
Budget View	Summarizes overall budget information.
Budget Entry	Displays detailed entries of budget allocations.
Expense Budget View	Shows budget vs actual expenses for cost analysis.