To deliver a product or service within a specified time and budget you have to juggle a variety of activities, responsibilities, and stakeholders. Estimating the project’s cost and keeping tabs on actual spending are two crucial aspects for project managers. Budget to actual variance analysis is the comparison of the budgeted and the actual cost […]
Recently, Microsoft announced the launch of Fabric. Maybe you met Fabric for the first time when you logged into PowerBI and found new branding, options, and features! So, what is in Microsoft Fabric for finance professionals? Microsoft Fabric is marketed as a “unified data analytics platform.” The goal is to bring together datasets across your […]
Today we’re diving right into overtime cost analysis. Fixed costs, such as rent, insurance, and salaries for regular full-time employees, are a way of life for companies. These expenses remain constant regardless of changes in demand, production levels, or sales volume. But what about variable costs or expenses that change depending on demand, production levels, […]
What is a payroll variance? Payroll variance is a running total of how much money your company has paid out to employees for things like overtime, vacation, sick days, and pay raises. It helps finance and HR managers figure out if budgets are being met and if everyone is getting paid the right amount. Payroll […]
Today we’re talking project cost management with adjustable forecasting and the Excel OFFSET function. Follow along below, or watch the tutorial on YouTube by clicking here. The first time you heard about a forecast, it probably had nothing to do with project cost management. The team of weather experts behind that forecast used a range […]
