What is
a
Higher Education Revenue Budget Template
? Revenue Budget templates are considered an essential part of the annual budget and are used by finance officers and budget managers to capture estimated sources of revenues for the upcoming year. Key functionality in this type of input form automatically displays the institution's revenue accounts with totals. The left columns show last year's actual results, as well as, the target change that executives are expecting to see. If desired, last year's budget can also be displayed and used as a baseline. Where needed, managers enter a percent or amount (or both) to increase or decrease the baseline budget. Explanations are entered in the comment column on the right side and can later also be displayed in the final budget review reports. You will find an example of this type of input form below.
Purpose of
Revenue Budget Templates Universities and colleges use Revenue Budget Templates to give users a secure and convenient web form to capture their budget. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its annual budget process and speed, as well as, reduce the chances that sources of funds are unable to cover planned expenses for the coming fiscal year.
Revenue Budget Template
Example Here is an example of a University Budget Form for Revenue Input. [caption id="" align="alignnone" width="2560"]
Higher Education Budgeting - Revenue Example[/caption] You can find hundreds of additional examples
here.
Who Uses This Type of
Input Form
? The typical users of this type of input form are: Budget Officers and Executives.
Other
Input Form
s Often Used in Conjunction with
Revenue Budget Templates Progressive Budgeting and Planning Departments sometimes use several different Revenue Budget Templates, along with payroll, capital expense and expese budget templates and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
Higher Education Budgeting - Revenue Example[/caption] You can find hundreds of additional examples
here.
Who Uses This Type of
Input Form
? The typical users of this type of input form are: Budget Officers and Executives.
Other
Input Form
s Often Used in Conjunction with
Revenue Budget Templates Progressive Budgeting and Planning Departments sometimes use several different Revenue Budget Templates, along with payroll, capital expense and expese budget templates and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Higher Education White Paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards