Curious about your budget variance? Enter your budgeted and actual amounts, and our Budget Variance Advanced Calculator will show you the variance.
Budget Variance Calculator
Budget Variance Calculator
Component | Description |
---|---|
Budgeted Amount | The amount that was originally budgeted or planned. |
Actual Amount | The amount that was actually spent or earned. |
Budget Variance | The difference between the budgeted amount and the actual amount. |
Formula | Budget Variance = Actual Amount – Budgeted Amount |
Purpose | Used to measure the performance of financial planning and identify areas of overspending or underspending. |