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.
Accessing the Outgoings Budget Allocation Report
To create your Outgoings Budget Allocation Report, you'll follow these steps:
- Select the Reporting menu.
- Under the General tab, navigate to the Budgets by Area section.
- From the available options, Outgoings Budget/Service Charge Allocation Report.
- Set your filters according to the parameters shared above.
- Select to Generate Report on Screen to review your information directly on the screen or export it in your preferred analytical format.
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.
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.