Based on the selected 'Basis of preparation', the software may determine that this note is not required.

 

To turn the note on:

  • Click Reports > Options > Setup
  • Set Budget vs Actual to On

 

This note is to satisfy Government reporting requirements, but it has been made available to all entity types in case they want to disclose budgets or some other data (such as Initial Public Offering forecasts or previously reported numbers when reports are re-issued) versus the actual current period, including for Management Reporting IFRS basis of preparation.

 

 

Change number of decimal places

To change the number of decimal places for the variance percentages:

  • Click Reports > Options > Rounding
  • Set Comparisons - Budget vs actual to between 0 and 5 decimal places
  • It is also possible to click the settings icons to the right of the table

 

 

Population of descriptions

  • Apart from the subtotal descriptions which are automatically calculated from Report variables, the descriptions are linked to the note names, Chart of Accounts descriptions or edited descriptions in the primary statements, as the software is designed to edit in 'one place' to maintain consistency throughout the report
  • Descriptions should be edited in the originating place
  • If certain rows used in this note do not appear in the primary statements, use an unused note or description