Variance Analysis
ART’s P&L Variance Analysis module helps compare income and expense trial balance activity over time or against budget to identify and explain larger trends. Variance thresholds can be set up based on percentage or dollars. Once run, ART automatically identifies the accounts that exceed the thresholds for further research and documentation. The P&L Variance Analysis module helps automate income statement review during month-end close.
ART’s P&L Variance Analysis Module Includes the Following Key Features:
- Set Period-to-Period, Quarter-to-Quarter and/or Year-to-Year Variance Thresholds/Rules for P&L Account Balances
- Thresholds Can be Set Against Budget Amount or Actual Prior Period Amount
- Workflow to Track Preparation and Review of Fluxed Accounts Exceeding Established Thresholds
- Customizable Variance Analysis Policies & Procedures
- Electronic Review Notes Tied to Email
- Up to Two Levels of Review for each Variance Flux.
- Ability to Archive, Delete or Mass Delete Review Notes
- Flux Status Updates in Response to P&L Balance Changes
- Central Repository of P&L Variance Analysis Work and Documentation
- Audit Trail and User Activity Time Stamps
- Personal Dashboards Available in Real Time
- Customizable Email Alerts
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