Performing a Budget Comparison

This function allows you to make a comparison between multiple budgets (up to 4 budgets at a time). When carrying out a Budget Comparison, you also have the option to perform a comparison with an Actual budget.

Note: For budget items where no vessels have been defined, the actual cost compared will be the total amount incurred by all the crew members in the company, excluding the amount for budget items where a vessel has been defined.

- Actual Cost is derived from:

a. Payroll

b. Medical screen

    i. Examination – The date taken for the Actual cost is the Issued Date.

    ii. Visit – Based on the visit date.

c. Training screen

    i. The date taken for the Actual cost is the Training Start Date.

d. Travel Detail screen

    i. The date taken for the Actual cost is the Travel Date.

    ii. Use the vessel selected for the activity; if no vessel is defined, then the System will assume that the cost has been charged to Company.

Screen Navigation: Budget - Budget Comparison

 

Performing a Budget Comparison

To compare budgets:

1. From the HR Manager main menu, click Budget Comparison under the Budget menu.

2. The Budget Comparison screen is displayed. In the Budget field, you can type to search and select up to 4 different budgets that you want to compare against. The field will be cleared after each selection for you to type and select another budget.

After selecting each budget, the counter next to the field will display the number of budgets selected. Hover your mouse over the counter to view the names of the selected budgets.

 

Note: Alternatively, you can select multiple budgets in one go. Click the counter next to the Budget field to display the Budget pop-up window. On the Budget pop-up window, select the check boxes next to the budgets that you want to compare against and click OK.

 

Note: You also have the option to perform a comparison against an Actual budget. To compare against an Actual budget, select the Compare selected budget with Actual check box. In the Approved Budget field, select the budgets that you want to compare against the Actual budget.

 

3. Click the Compare button after making your selections.

4. The selected budgets will be displayed side-by-side in two different tabs - Manning Cost tab and Overall Cost tab. You will be able to compare the budget amounts with regard to Manning Cost, Overall Cost and Total Cost. Alternate budgets will be displayed in a different color to ease comparison.

 

 

 

What would you like to do?