Property Management Budget Dashboard: How to Build a GL Variance Report
A GL variance dashboard gives you the financial clarity needed to manage multifamily assets effectively. With it, owners and operators can quickly pinpoint where actual spending deviates from budget.
Key Elements to Include in Your GL Variance Dashboard
- Budget vs. Actuals by GL Code
- Dollar and Percentage Variance
- Filters by Property, Region, and Manager
- Rolling Trends Over Time
Best Practices for Implementation
- Highlight large variances with conditional formatting
- Offer drill-down capability for deeper analysis
- Schedule auto-refreshes for timely month-end reporting
System Compatibility
This dashboard connects with GL reports from Yardi, Entrata, AppFolio, and Rent Manager.