AM Enterprise 2020 Sample Reports

The Budget Reports provides details on financial budgets set up in AccountMate Enterprise. These reports help you evaluate the company’s performance based on the company’s set goals. These reports are useful in monitoring cost management relative to the allocated resources, identifying unusual circumstances and trends, and helping you focus on problem areas.

These reports are especially designed to provide filter options so you can narrow down data to the specific information needed. Read the information below to get a closer look at each of the Budget Reports available in AccountMate Enterprise.

Budget Report

The Budget Report provides information on the budget amount allocated for each GL account ID and for each period in a fiscal year. It shows the GL Account IDs with its corresponding allocated amount for the period specified in the report. This report is useful for verifying the budget records’ accuracy and for reviewing the allocated amounts for any specific period. It also serves as reference in monitoring each GL Account ID’s budget balance against actual operations.

You can generate this report using either the period-to-date or year-to-date option. You can also opt to generate the report showing only the balance sheet accounts, only income statement accounts, only comprehensive income accounts or to show all accounts. You can further opt to include zero balance accounts in the report.

Yearly Budget Total

The Yearly Budget Total report provides information on the total amount budgeted for each GL Account ID for the entire fiscal year. It lists each GL Account ID and its budget amount for the fiscal year. This report is useful for verifying the budget record’s accuracy. It also serves as reference for monitoring each GL Account ID’s budgeted balance against actual operations on a yearly basis.

You can select to show in the report only the balance sheet accounts, income statement accounts, comprehensive income accounts or show all accounts.

Budget Statement

The Budget Statement shows a comparison of a GL account’s budgeted and actual amounts either for a single period or range of periods based on a predefined budget. This report is useful in assessing actual against the budgeted amounts, and in monitoring and updating your company’s budget.

To generate the report, you must enter in the Budget ID field the number of the budget information that you want to show in the report. You can generate the report for a single period or a range of periods. The report can be presented in either a balance sheet format showing the availability of the budgeted amounts or income statement format showing comparison of the budgeted amounts. You can select to present data as actual versus budgeted or budgeted versus actual, and to either show variance or prior year balance. You can opt to show GL Account IDs, include zero balance accounts, and GL Account IDs with zero activity. In addition, you can choose to generate a single report for all segments. You also have an option to show in the report the amount which is over the budgeted amount.