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We are introducing the feature “Front Office Budget” within the Revenue Report. This feature allows you to track and compare the metrics of the Revenue Report with the data as planned on the budget for the selected period. This is based on the feature . Within the Revenue Report you will find the new columns “Budget (day)”, “Budget (month)” and “Budget (year)”. Those columns represent values as calculated from the budget as follows:
  • Calculation for Budget (day)
    • The system divides the value of the budget for the selected month over total number of days within the selected month
    • Example: In case of selecting the date “September 14th 2024” for running the Revenue Report
      • The system gets the budget value of the month of “September” for the year 2024
      • The system divides this number over the total number of days for the this month (30 days)
      • The result should represent the daily budget
  • Budget (month)
    • This represents the budget from day 1 of the selected month until the selected day of the report
    • In case of selecting the last day of the month, the monthly budget is equal to the uploaded budget
    • In case of selecting a day in the middle of the month, The system calculates the daily budget and multiplies it with the number of days selected for the month
    • Example: In case of selecting the date “October 20th 2024” for running the Revenue Report
      • The system calculates the *daily budget In this case the daily budget is calculated by dividing the budget of October by (31 days)*
      • The system multiplies the daily budget by the number of selected days (20)
      • The result should represents the monthly budget
  • Budget (year)
    • This represents the budget from day 1 of the selected year until the selected day of the report
    • The system sums the budget of all previous months prior to the selected month with the current month’s monthly budget
    • Example: In case of selecting the date “October 20th 2024” for running the Revenue Report
      • The system calculates the daily budget
      • The system multiplies the daily budget by the number of selected days (20)
      • The result should represents the monthly budget
      • The system sums the budget of all the previous months with the monthly budget
      • This results for the yearly budget
Notes:
  • This report can also run based on the Hijri for the applicable instances. In this case you will find the field “Calendar” with the options (Gregorian & Hijri). Kindly consider that Hijri Budget is a different feature than the Gregorian Budget. Each feature has its own screen and its own data; This means that the report will show completely different metrics when comparing the results of the 2 calendar systems.