Saved Assumptions

You use saved assumptions to identify key non-financial business drivers and ensure application consistency, by selecting 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 number of employees is less than the number budgeted. To determine the variance, the system subtracts the actual amount from the budgeted amount.

• Make an assumption about the number of units sold at the end of the time period. Determine the final quantity for the summary time period by aggregating the number of units sold across time periods.