Edit

Share via

Cost Acctg. Statement/Budget (report)

The Cost Acctg. Statement/Budget report is designed to help compare actual costs against budgeted targets using defined budget structures. It highlights variances by cost center, both in amount and percentage, to enable effective budgeting and financial oversight.

Use cases

Compare actual costs against budgeted amounts by cost center to identify variances and improve budgeting accuracy. Use this report during planning cycles to monitor cost performance and highlight gaps between projections and actuals.

Tip

Here are some tips on how to use the report:

  • Use the report during budgeting cycles to compare actual versus planned costs.
  • Analyze variances by cost center to identify areas of overspending or underspending.
  • Use the variance data to adjust future budgets and improve forecasting accuracy.
  • Apply cost dimensions to drill into specific departments or projects for more granular insights.
  • Use the report to support internal reviews and financial planning discussions.

Controllers can use the report to:

  • Monitor cost center performance.
  • Support budget planning and variance analysis.

Finance teams can use the report to:

  • Review and validate actual spending against budget expectations.
  • Identify trends and adjust financial strategies accordingly.

Auditors might reference the report to:

  • Verify budget compliance.
  • Assess the accuracy of cost allocations.

Try the report

Try the report here: Cost Acctg. Statement/Budget

Tip

If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.

Cost accounting overview
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview

Find free e-learning modules for Business Central here