Plan costs by cost center and project. Compare the plan with actuals and see which department, project or cost category is responsible for a variance.
Shared cost categories and assumptions for all cost centers.
Templates for planning costs by department and cost center.
Cost plan by project, category and month.
Spreading annual amounts across months, taking seasonality into account.
Unit budgets add up to the result of the whole company.
Comparing the draft with the agreed plan.
Planning personnel costs, external services and other expenses.
Comparison with accounting data and variance analysis.
Working with the right scope of data in line with permissions.
Each department plans its own costs in the same layout. The controller checks the total, compares versions and can go back to items that changed during the review.
PLN · illustrative data
Check project costs for the same period. In this example, the plan is exceeded by PLN 150k, of which PLN 100k relates to the Implementation project.
In this example, the cost center report and the project report show the same spending in two breakdowns. Illustrative data.
Cost center and project budgets give departments a work plan and give controllers a reference point for variance analysis.
Set categories, periods and planning rules shared by all departments.
Compare versions, check totals and agree the budget for the whole company.
Set accounting data against the budget by month and unit.
Bring budget, actuals and variances together in one report. The management board sees the overall cost result, and the controller can drill into details by cost center and project.
Data access in line with assigned permissions.
Dashboards and reports based on model data.
Project and financial data from accounting, ERP and Excel.
Updating assumptions and templates within your permissions.
Sample report layout · illustrative data
A cost center budget shows where in the organization costs are incurred – in departments and teams. A project budget shows which initiative they relate to. In Fincorex®, you can analyze the same expense in both breakdowns.
Yes. The cost center report and the project report use the same data, so the totals match.
Save the draft and the agreed version, and the model shows the differences by cost center, project and cost category.
Yes. After the period closes, accounting data flows into the model and the report shows variances by cost center and project.
You assign permissions by role – a department manager sees their own cost centers, and the controller sees the entire budget.
As a proof of concept, we’ll rebuild your reporting or planning model in Fincorex® and show it to you at our next meeting.
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