Creating a budget vs actual view in Finmark can be done with the following steps:

  • Create the model that you want to snapshot as your Budget

  • Click the selected scenario drop-down and select manage scenarios

  • Click on the meatball icon to the right of the scenario you want to "lock" as the budget

  • Select duplicate scenario

  • Click on the compare scenario dropdown and select your new budget model to compare

  • Done!

Step 1: With your Operating Budget completed, navigate to the select scenario dropdown on the left-side navigation bar.

Step 2: Click Manage your Scenarios.

Step 3: Click on the meatball icon to the right of the scenario you have set as your Operating Budget.

Step 4: If connected to a third-party platform "de-select" the checkbox so the actuals will not be updated from the integrated data source and you will "lock" the budget.

If not connected to a third-party platform ignore part 1 of this step and click add.

Once you have created the budget model, now you can compare your operating plan to your budget to identify the variances and take action to improve your forecast.

We recommend taking the time each month to update your actuals in your operating plan to maintain an updated financial plan.

Comparing Scenarios:

Use the compare scenario dropdown on the left side navigation bar to see your budget vs actuals.

You can compare on the dashboard charts and on the actuals page.

Dashboard Chart Comparison Example:

Actuals Scenario Comparison Page Example:

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