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Budgeting

Affinity ERP Budgeting simplifies the budgeting process while still offering a detailed, working strategic budget. It allows for easy and accurate budget preparation, with the ability to complete cost analysis on all departments and procedures before final approval.

Get Total Control over your budgeting process!

  • Administrators and department directors can develop valid budget assumptions, with control over assumption definition.
  • Data may be imported from one database to another. Assumptions may be modified globally (all departments) or by selected department(s).
  • Percentage changes can be made to each data set. For example, you can change the rate of pay for a group of employees such as department directors or nurses.
  • Charge item volumes and/or prices can be changed with varying percentages by department, financial class or patient type. Any item (e.g., account standards, procedure volumes or charges, allocations, revenue realizations) may be changed individually. This single feature saves hours of tedious calculations!

Affinity ERP Budgeting simplifies the budgeting process while still offering a detailed, working strategic budget. It allows for easy and accurate budget preparation, with the ability to complete cost analysis on all departments and procedures before final approval.

What Budgets Can Help You With

Capital Budget

Create with monthly depreciation spread and depreciation posted to the appropriate account. An ‘approved’ check mark defines what is actually in the budget vs. wish list items.

Salary Budget

Generate by employee, position or account. If employee is used, it will roll up into position then into account. Get specific on certain salary items like regular, sick, vacation, etc. at the employee level while budgeting for shift diff, call, etc. at the position level.

 

Accounts Budget

Budget non-salary accounts by detail item. Example: A maintenance contract account can be detailed by contract or a supply account can be detailed by item. Each detailed item can be spread monthly using a different table and be defined as fixed, variable or a combination.

Flexible Budgeting

The Flexible Budgeting module is integrated with the Cost Accounting application. Account standards are set during the cost accounting phase of implementation. Using the current budget, Flexible Budgeting features will ‘flex’ the budget based on actual charge item volumes, allowing administrators and department directors to monitor actual performance.

Affinity ERP Flexible Budgeting will increase or decrease the budget amount for each account based on actual charge item volumes and the variability of each account. The resulting flexed budget will be compared to actual expenses producing the following variances*:

  • Total Variance: Did we achieve budget objectives for the actual level of activity?
  • Efficiency Variance: Did the department utilize more or less staff than was expected for this level of activity?
  • Rate Variance: Was the actual rate of pay for each labor account higher or lower than anticipated?

*Variances for non-labor accounts do not include the efficiency and rate variances.