Budget KPI
Budget KPIs in key performance indicators of financial management.
1. Forecast accuracy of budget
Actual budget (costs) relative to the established budget.
2. Deviation of planned budget
The deviation of the planned budget (cost) is the difference in costs between the planned baseline against the actual budget.
3. Actual vs. budgeted costs
The actual costs relative to the budgeted costs of an activity.
4. Time by which Budget closed before the year end
The earlier it is closed & made available, the more time you get to discuss it out in detail & work out next year strategies sufficiently in advance before the year begins.
5. Days taken to close the budget
To benchmark against the previous budget as well as against the industry standard.
6. % of budget cuts achieved
Percentage of budget cuts achieved (measured in money) versus budget cuts planned (measured in money).
7. Number of years with a balanced budget
Number of years with a balanced budget.
8.Number of budget deviations
Number of budget deviations
Related documents:
• All financial KPIs
• KPI examples (all examples key performance indicators)
• KPI ebooks (download free and ref all ebooks related to KPI application).
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