Skip to main content

Planned vs Actual

Compare your planned financial figures against actual results.

What is Planned vs Actual?​

After creating a financial plan with planned income and costs, and recording actual figures, you can compare the two to understand how your financial performance stacks up against expectations.

How to Compare​

  1. Open a Financial Plan in the Finance module.
  2. Review the Planned Income tab alongside the Actual Income tab.
  3. Review the Planned Cost tab alongside the Actual Cost tab.
  4. Compare the figures for each category and period.

Understanding Variances​

A variance is the difference between what you planned and what actually happened:

  • Positive variance on income — You earned more than planned
  • Negative variance on income — You earned less than planned
  • Positive variance on costs — You spent more than planned (unfavorable)
  • Negative variance on costs — You spent less than planned (favorable)

Related: