Profit Planning Monitor Report
Use the Profit Planning Monitor to monitor performance against budgets. For each revenue and expense account, the report displays the budgeted and actual amounts for the current period and year to date.
This report also shows totals for actual and budgeted revenue and expense, and calculates actual and budgeted profit or loss.
Settings that Affect General Ledger Reports
You can only generate the cash-basis version of this report if you select the Cash Basis Reporting option on the Options form ( ).
The Organization Record Access setting for your role on the Overview tab of the Roles form ( ) determines the organizations for which you can see data on this report.
Account Groups
You can use account groups to organize accounts on financial reports. You establish account groups on the General tab of the Accounts form (
).Multiple Companies
If the report includes journal entries to intercompany accounts receivable or intercompany accounts payable accounts, you can drill down from the Description column in those rows to see supporting detail on the Intercompany Billing Detail report. (This drill-down option is only available if your role security gives you access to the Intercompany Billing Detail report. It is not available from report rows for tax-related journal entries.)
When you drill down from an intercompany accounts receivable transaction, you see complete detail for the intercompany transaction. When you drill down from an intercompany accounts payable transaction, you do not see the Originating Company Cost Amount and Originating Company Journal Entry Amount columns.
If the report includes rows for accounts belonging to companies other than the active company, the same drill-down option is available from those rows.
Multiple Currencies
If you use multiple currencies, a report may display amounts in different currencies. If a report contains a total for amounts in a mix of currencies, the report displays #### as the total, instead of an amount. If the report displays amounts in different currencies, it is a good idea to include currency symbols or currency codes. To do that, click the Layout tab of the report and click in Currency Setting Sample to open the Format Currency dialog box. You may want to use the currency code in place of the currency symbol when the report includes more than one currency with the same symbol. For example, U.S. dollars and Canadian dollars both use $ as the currency symbol. If you use the code rather than the symbol, the report displays USD and CAD instead of $.
An alternative to mixing currencies on the report is to select a presentation currency. When you generate the report, Vantagepoint converts all amounts to the presentation currency. The advantage of this method is that you can make meaningful comparisons between amounts, and the report can display meaningful totals.
- Related Topics:
- Profit Planning Monitor Columns & Groups Tab
Use the Columns & Groups tab to select or clear columns, change column sequence, provide new column labels, set column widths, or select number and date formats. - Profit Planning Monitor Options Tab
Use the Options tab to select report options for the Profit Planning Monitor report and to save sets of options for reuse. - Profit Planning Monitor Chart Tab
Use the Chart tab to choose the type of chart to be displayed on your report. - Profit Planning Monitor Layout Tab
Use the Layout tab to choose the types of formatting properties and visual characteristics to be displayed on your report. - Columns for Profit Planning Monitor Report
The following columns are available for this report.