The Budgets Report provides a monthly overview of departmental budgets for each company or division. It includes projected budgets, approved amounts, and remaining balances — helping teams monitor spend against allocation. This is essential for financial planning and accountability.
What is the Budgets Report?
The Budgets Report is a financial oversight tool that outlines projected and approved spending across departments for a selected month. It allows companies to compare actual and planned costs and track what budget remains available within each category.
Key Columns in the Report
Billable Company – Indicates the entity responsible for the budget
Department – The internal business unit or cost centre.
Purchase Type – The type/category of expense being tracked (e.g., Advertising, Accounts Payable).
Budget – The allocated budget for the month (this example uses May 2025).
Approved – The total amount approved for spending in the month.
Remaining – The balance left after approvals, showing un-utilised budget.
How to Use This Report
Review Monthly Allocations
Check each department’s budget and how much has been approved or spent.
Track Remaining Funds
Monitor which departments have remaining funds and which are approaching or exceeding limits.
Identify Trends
Compare multiple months (if available) to identify consistent over/underspending patterns.
Support Finance Reviews
Use this report during budget reviews or financial meetings to ensure departments stay on track.