Comparing the Actual and Forecast Variances for the Last Closed Period

The CurMo Act vs Fcst Var and Comment form shows net income variances between the current month Actuals and the Forecast for the last closed month. You can use this form to review and compare Actuals against an active or archived Forecast. Each variance shows as a value and a percentage. The form also lets you add commentary at the Department level.

Note:

Substitution variables set up Years, Current and Previous Periods, and Version members.

The form fills in values based on these calculations:

• The Act vs Fcst $ column shows the variance between the Actual and Forecast values for the current period.

  Act vs Fcst $ = Actual – Forecast

• The Act vs Fcst % column shows the variance between the Actual and Forecast values for the current period, expressed as a percentage.

  Act vs Fcst % = ((Actual – Forecast) ÷ Forecast) × 100

To review Actual and Forecast variances:

1. From the Home page, click the Reporting and Analytics card.

2. To open Forecast Variance Reports, click the 1 tab on the left.

3. Click CurMo Act vs Fcst Var and Comment.

4. In the Point of View, choose a Version, Subsidiary, Currency, and Department.

   The Actuals for the current month show in the Actual column. The Forecast values for the selected Version show in the Forecast column for comparison.

5. If needed, enter any comments in the open (white) cells in the last column.

   Note:

   You can't enter commentary at Total Department level.

   Tip:

   To see all the text on a row, click the cell to open the text box, then drag the box's handle to resize it.

6. (Optional) To see a detailed analysis of a specific Account member, right-click the Account and select Drill to CurMo Inc Stmt - Account Details.

   The CurMo Inc Stmt - Account Details form opens in a new tab. The form shows the current year Actual and Forecast data at a detailed level by Relationship, Department, Class, Item, and Location.

7. To go back to the initial form, click CurMo Act vs Fcst Var and Comment at the bottom of the page.

8. Click Save.

9. To update the data area with the latest updates, click Refresh.

Related Topics

• Working With Forecast Variance Reports
• Comparing the Actual and Forecast Variances
• Reviewing Month-Over-Month Actual Variances
• Comparing the Year-to-Date Actual and Forecast Variances
• Comparing the Full-Year Actual and Forecast Variances

General Notices