Use saved assumptions to centralize planning assumptions, identifying key business drivers and ensuring application consistency. You select time balance and variance reporting properties.
Variance reporting determines the variance between budgeted and actual data, as an expense or non-expense.
Time balance determines the ending value for summary time periods.
Examples of how time balance and variance reporting properties are used with saved assumption account members:
Create a saved assumption of an expense type for variance reporting, assuming that the actual amount spent on headcount is less than the amount budgeted. To determine the variance, Planning subtracts the actual amount from the budgeted amount.
Determine the value for office floor space by using the time period’s last value.
Make an assumption about the number of product units sold at the end of the time period. Determine the final value for the summary time period by aggregating the number of units sold across time periods.