The Variance in Cash calculator computes the difference in cash amounts between two periods.
INSTRUCTIONS: Choose currency units and enter the following;
Cash Variance: The calculator returns the difference in cash variance in U.S. dollars. However, this can be automatically converted to other currency units via the pull-down menu.
In budgeting (or management accounting in general), a variance is the difference between a budgeted, planned or standard cost and the actual amount incurred/sold. Variances can be computed for both costs and revenues.