The Budget vs Actual report is an interactive visualization of your budget comparison data. Built in Tableau or Power BI, this report helps answer a sequence of questions such as:
- In which expense accounts did we exceed the budget?
- Which properties contributed to the variances?
- Which transactions account for most of the variance?
To provide a visual, interactive way to identify and explain budget variances.
How to Use
Identify the large variances. Select a specific account and view the income / expense transactions in it. Filter by property to see which properties contributed the most to the variance.Drill-down to the unit level is also possible if transactions are being recorded by unit.
“How did we do against budget?” is a questions that come up every month-end.
However, when you are setting up budgets for each property, for as many as 10 to 20 income and expense accounts, that response to that question can be quite long-winded.
A picture can tell the story much better.
This interactive report is a great way to see where the variances are.
Look at one or more property at a time.
Select the accounts you want to focus on.
Drill down to properties and even units to see where the money got spent.
30 Days of Focus
Huge strides can be taken 30 days at a time!
Each leader has their own method of getting things done with their teams. Some well-established methods are Gino Wickman’s “Entreprenurial Operating System (EOS)”, John Doerr’s “Objectives and Key Results (OKR)”, and Verne Harnish’s “Priorities, Data, Rhythm”.
Which ever method you use, we will set up an underlying technology architecture to enable you lead your team on a goals-driven basis.
Focus-30 is our turnkey offering that includes:
- The Data Infrastructure
- Reports and Analytics Capability
- Technical Support
- Analytics Coaching
Start with a Free Consultation with Saad
Hi! I am thrilled that you are visiting our website.
Metric-X helps property management executives use data and metrics to build high-performing teams, delight their tenants and impress their investors.
We will develop a data collection and metrics monitoring program tailored to your management style and business priorities. The fastest way to get started is to give me a call at 248-495-4925, or book an appointment.