Budget
Also called Operating budget.
Not a rule. FP&A convention — not codified. US GAAP governs recognition, measurement and presentation, not bookkeeping mechanics. Sources
The lesson that teaches this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
Budget, in use
Quoted from the 7 documents that use the word: what it does to an interface, in the spec's own words.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- forecast (which is revised)
- target
Components that render this
These components name it in their spec, grouped and labeled exactly as the catalog shows them.
13Metrics & analysis
Family specComponents that render the terms it depends on
Few components name this concept outright, but it's built from terms they do name. These render variance, accrual, period, basis.
4Swaps & FX
Family spec5Ledger & tables
Family spec- ProfitAndLossP&L with period comparison and variance.
- VarianceCellAbsolute + percent + significance flag.
- FluxAnalysisPeriod-over-period explanations.
- StatementTableThe shared shell: hierarchy, periods, rules.
- PeriodPickerFiscal-aware. Never assumes January.
- ReportHeaderEntity, statement, period, basis, currency, as-of. Every figure states its basis.
- StatementToolbarBasis, period, comparison, currency, consolidation.
- ReportingPackageA board or lender pack as one object: contents, basis, review state.
7Dashboard & charts
Family spec13Metrics & analysis
Family specAlso in Finance & planning
Defined in Lexicon. This page is generated from that document, so the two can't disagree.