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Variance (Cash)

Last modified by
on
Sep 29, 2022, 12:51:43 AM
Created by
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Jul 16, 2015, 3:15:02 PM
Variance=T-L
(T)Cash this period (e.g. this year).
(L)Cash last period (e.g. last year).
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The  Variance in Cash calculator computes the difference in cash amounts between two periods.

INSTRUCTIONS: Choose currency units and enter the following;

  • (T)  Cash this period.
  • (L)  Cash last period.

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.  

Cash Variance

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.

Accounting and Balance Sheet Calculators

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.

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