PC+ Math Logic Error

SBCTrustee · Post by **SBCTrustee** » Thu Sep 30, 2004 12:05 pm

Hello Everone,

I am a retired auditor, so I don't mine being wrong on this one!

I beleive that there is a math logic error in PC+ (v9). The Budget Report appears to be incorrectly calculating the variance percentage between the actual amount & the budgeted amount.

It appears that the percentage difference (varience?) is calculated by dividing the actual by the budgeted amount. From an accounting standpoint this is almost an useless number. The varience should be calculated by the difference (Actual less Budgeted) divided by the budgeted amount.

Currently the programing logic is calculating the percentage of budget expended instead of the varience.

A lay person would be confused by the current report.

Am I incorrect?

Tom
2nd Baptist Church of Ypsilanti

Post by **Jeff** » Thu Sep 30, 2004 2:42 pm

The percentage there isn't supposed to be a varience percent but a percent of budget. It was designed so some can look at the report and say we are at 90% of budget This was the feedback we got from users at the time from sample reports they sent into us. They specifically wanted to see that when they met budget for income that it showed 100% not 0%.

I can see you point about showing the varience percent of budget, it would make it easier to spot line items that might need attention. I will add it to the wishlist for a change in the future.

Anyone else have a comment if this would be helpfull on this report?