All About Variance Reporting for Corporate Budgeting
Spreadym
OCTOBER 10, 2023
Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. It involves comparing the planned or budgeted financial data (such as revenues, expenses, or other key performance metrics) with the actual figures that have been realized during a specific period, such as a month, quarter, or year.
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