Budget Allocation Report: Steps to Create

  • Updated

The term "Outgoings" differs across regions. For our Asia-Pacific customers, it's often referred to "Budgeted Outgoings." European users will see it labelled as "Service Charge," while those in North America might find it listed as either "Budget Outgoings" or "Operating Expenses." The terminology used in the app adjusts based on your location. For additional clarity on regional vocabulary, please see our Glossary of Regional Terminology.

This article will guide you through generating an Outgoings Budget Allocation Report. This report is pivotal for analyzing budget allocations at a granular level, revealing vital insights into the distribution of budgeted costs and allocation percentages across different areas of your property. By following the steps we outline below, you can efficiently conduct a comprehensive review of your property's budget allocation.

 

Understanding the Report Filters

When you're ready to tailor your Outgoings Budget Allocation Report, refer to these filters to customize the data:

  • Report For: Select the company on whose behalf you're running the report.
  • Property to Include: Identify the specific property to feature in the report.
  • For the Budget: Choose the particular budget year or period you wish to analyze.

 

What You'll See in the Report

The generated report will provide you with:

  • A detailed breakdown of the budgeted cost for each schedule within your property.
  • Insight into the allocation percentage tied to each area across the premises.
  • Information on any non-recoverable amounts, alongside their allocation percentages.

 

Running the Outgoings Budget Allocation Report

To create your Outgoings Budget Allocation Report, you'll follow these steps:

  1. Navigate to the reporting section within the Budget management area or click on the Reports tab from the main menu.
  2. Select the Outgoings Budget Allocation Report from among the suite of reports available to you.
  3. Set your filters according to the parameters shared above.
  4. Hit the button to generate your report and voilà! You can now view your data on-screen, or opt to export it in a format that suits your analytical needs.

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With your report now in hand, you can delve into the specifics of your budget allocation, ensuring you have a solid grasp on the financial layout of your property management efforts.

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