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Finance | Project Operations, Human Resources, ...
Answered

Why Inventory Movement use Budget Actual but not use Budget Control Statistic

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Posted on by 55
Dear Expert,
 
My concern,  why Inventory Movement using Budget Actual but not include in Budget Control Statistic
  • Verified answer
    DN-27070130-0 Profile Picture
    DN-27070130-0 55 on at
    Why Inventory Movement use Budget Actual but not use Budget Control Statistic
    Dear Saurabh,
     
    Thanks for the response,
     
    So, the conclusion is Variance Amount in Budget Actual & Budget funds Available in Budget Control Statistic never be the same because the Budget Actual will be added by Inv. Movement whenever theres will be not in Budget Control Statistic.
     
    Just curious, when you look at the remaining budget, there is still some left over, but when you look at the actual, it turns out there are costs that have been cut.
  • Suggested answer
    saurabh bharti Profile Picture
    saurabh bharti 15,029 Super User 2025 Season 1 on at
    Why Inventory Movement use Budget Actual but not use Budget Control Statistic
    Hi,
     
    I think this is because Budget actuals gets posted based on Main account used in movement journal as offset but for budget control you need to define which type of transactions will have control and movement journal is not in the list. 
  • DN-27070130-0 Profile Picture
    DN-27070130-0 55 on at
    Why Inventory Movement use Budget Actual but not use Budget Control Statistic
    Hello Bill,
     
    This is my Actual vs Budget, you can see if theres an Actual Amount.. that Amount is come from Inventory Movement Journal.
     
    and this is my Budget Control Statistic, no show up the Actual Amount
     
    so there is a different between Variance Amount in Budget Actual & Budget funds Available in Budget Control Statistic.
     
     
     
  • BillurSamdancioglu Profile Picture
    BillurSamdancioglu 17,153 Most Valuable Professional on at
    Why Inventory Movement use Budget Actual but not use Budget Control Statistic
    Can you please add some screen shots and eloborate the question?

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