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Actual Cost in a Financial Plan

Overview​

The Actual Cost feature lets you work with the Actual Cost tab inside a Financial Plan Detail. You use it to view and manage Actual Cost entries, including amounts, related entities, notes, and files.

How to access​

  1. In the Compass sidebar, go to Finance.
  2. Click Financial Plans.
  3. Open a financial plan to view Financial Plan Detail.
  4. Click the Actual Cost tab.

Key features​

  • View Financial Plan Detail information, including the Financial Plan Status Label.
  • Add and manage Actual Cost entries using Add New Entry.
  • Remove records using Delete Item.
  • Use Bulk Delete where available.
  • Work with files in Actual Cost using Files, File, and Delete file.
  • Use Reset List to Filter Criteria and Sync New Data.
  • View calculated values such as Actual Cost To Date, Current Forecast Cost, Variance, Variance %, Variance Percentage, Current Forecast Nominal, and Current Forecast Risk Adjusted.

Field descriptions​

  • Actual Cost: The tab where you view and manage actual cost information for the financial plan.
  • Actual Cost Line Entity / Cost Line Entity: The entity associated with an actual cost line.
  • Cost Line: The cost line shown for an actual cost entry.
  • Entity: The entity linked to an actual cost entry.
  • Amount: The amount recorded for an actual cost entry.
  • Notes: Notes recorded on an actual cost entry.
  • Created At / Created By / Updated At / Updated By: Audit fields shown for actual cost entries.
  • Files / File: Files associated with actual cost lines.
  • Actual Cost To Date: The total actual cost to date shown in the financial plan.
  • Current Forecast Cost: The current forecast cost shown in the financial plan.
  • Variance / Variance % / Variance Percentage: Variance values shown for the financial plan.
  • Current Forecast Nominal / Current Forecast Risk Adjusted: Forecast values shown for the financial plan.

Actual Cost table columns

  • Actions, Cost Line, Entity, Amount, Notes, Created At, Created By, Updated At, Updated By

Actual Cost line files table columns

  • Actions, Name, Date Created, Added By