Variance Analysis

Investigate the transactional causes of change.

Variance Analysis allows anyone with knowledge of the business to perform a basic sanity check on the numbers by seeing how the performance has varied from one period to the next.

Users can gain immediate business insight in to whether performance is in line with expectations and can also discover unexpected behaviour.

The Profit and Loss and Balance Sheet statements are dynamically created by taking a copy of the Chart of Accounts held within your accounting package meaning they reflect your specific business structure – there is none of the complex setup usually associated with business intelligence tools.

A Profit and Loss sample

 

Configurability and Excel Integration

Variance Analysis has:

• Adjustable month, quarter and yearly variance analysis
• Variance displayed in monetary terms and percentage terms
• A "Download into Microsoft Excel" feature allowing further user adjustment, printing, or sharing with colleagues

Variance Analysis Transactions

Users can drill down through nominal categories and codes to see and compare details of all the transactions which make up the balances between selected dates. By enabling transactional detail to be viewed for comparator periods, you can easily see what's missing between periods, or additional transactions that have caused variances between periods and answer the question 'why?'

By clicking on a nominal code heading, you can drill down to see the transactions which make up the balances of that code

 

The analysis period can further be changed on the transaction screen to make additional comparisons

 

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