The Profit and Loss Budget Report has 2 columns, Actual and Budget. I have 3 questions please:
1 In the Actual Column it shows the Gross Profit but in the budget column, this figure is not calculated. So one cannot compare the Actual GP to Budgeted GP - anybody knows why?
2. The Actual Column shows 2 types of Actual (for maximum confusion) Actual/Actual and Actual for Nominals chosen for Budget Purposes - What is the point in having such a confusing concept. The only Actual one is interested is the Actual Profit and Loss figures that the company has and not a "Partial Profit and loss based on "choosing" certain Nominals for Budget purposes
3. A Nominal Account needs to be specially set in order to be included in the Budget Report - what is the point in this option, particularly since the purpose of running a budget is to control profitability and the title of the report is Profit and Loss. The point being that you cannot run a Profit and Loss report if one ignores certain Nominals, so this is not a useful option to have
In my view, this report needs a good review from SAP because in many companies, budgeting can be important, but this report is not helpful or practical! Anybody has experience in using this report?
Any helpful hints or views on how to improve the performance of this report will be greatly appreciated.
Thank you
Robert