Financial matters aren’t always easy to understand, but for business professionals it’s imperative to be able to analyze what’s happening with their progress. This is where a plan vs actual variance report comes in handy, particularly for businesses which are analyzing their budgets to see whether or not what they decided in the past was enough to get the job done in the future.
What is a Plan Vs Actual Variance Report?
These reports deal with the plan a business had (a budget), and how the reality of business worked (the actual variance) in a given time period. Often budgets are made or agreed upon, and then forgotten. A plan vs actual variance report is like an after-incident report, comparing the budget’s needs to the actual reality, helping businesses to adjust their plans and expectations to the future needs of their clients and the markets they deal in.
Making these reports from scratch is no simple thing to do. They’re time consuming, they require a lot of time and study, and what’s more they take a lot of brain power to number crunch. For those who want to save a lot of time, and minimize the mistakes in user error, it’s a good idea to download our plan vs actual variance report template.
How Does a Plan Vs Actual Variance Report Template Work?
These templates are actually quite simple. An individual downloads a template, and once it’s saved on the computer opens it up. The template already has spaces for the items in the budget, and those same items in reality, and it has formulas in place so that the differences are automatically caught and tallied up in an eye-catching way. So once someone has types in the numbers that he or she experienced in a given business season, the template will do the rest by showing what the differences were, either positive or negative.
What’s even better is that we offer these customizable templates for free. All someone has to do is click the link and download them. There’s no charge, no limited number, and anyone who needs them is more than welcome to have them. They can be put on any number of machines and used over and over again; that’s what they’re for, after all! Use this template to make business calculations easier, and to get all your budgetary analysis done quicker and more efficiently than ever
Download: Plan vs Actual Variance Report