Set up your expense accounts and record your monthly expenses with this accessible general ledger template. A worksheet is also included for charitable and sponsorship expenses. Monthly expenses are rolled up into a summary worksheet, and also reported in a year-to-date comparison against budget estimates. This template is useful for variance analysis.
What is the meaning of budget vs. actual i.e. budget variance ?
A budget variance is the difference between the budgeted or baseline amount of expense or revenue, and the actual amount. The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Source : AccountingTools
Download and use budget variance excel template
Download this budget variance excel template and extract the zip folder using decompressor software. After extracting the folder, you can open budget variance file using Microsoft Excel and start plotting your issues.
