Case A:  The period has passed up to now.

Assume today is 7/22/2024, we create the budget for the period 5/1/2024-6/30/2024.

A1. Budgetary position

PHT2 has an account: 412 Income account.

A2. Planned amount

Manually insert $600

A3. Practical amount

There is $-100 on the 412 accounts during 5/1/2024-6/30/2024.

A4. Theoretical amount

The time frame from 5/1/2024 to 6/30/2024 is considered to be in the past when compared to the current date of 7/22/2024, yet the theoretical amount remains equal to the planned amount.

A5. Achievement

Practical amount divided by Theoretical amount. -100 / 600 = -16.67%

Case B: The period is ahead of the current time.

Assume today is 7/22/2024, we create the budget for the period 9/1/2024-9/30/2024.

B1. Budgetary position

PHT set up an account: 412 Income account.

B2. Planned amount

Manually insert $300

B3. Practical amount

There is no journal entry of 412 accounts during 9/1/2024-9/30/2024.

B4. Theoretical amount

The time frame from 9/1/2024-9/30/2024, lies ahead in comparison to the current date of 7/22/2024. The exact sum has not been computed as of now, hence it remains at $0.

B5. Achievement

Practical amount divided by Theoretical amount. 0 / 0 = NA. Odoo shows 0%.

Case C: Today falls within the timeframe

Assume today is 7/22/2024, we create the budget for the period 7/1/2024-7/30/2024

C1. Budgetary position

PHT set up an account: 412 Income account.

C2. Planned amount

Manually insert $300

C3. Practical amount

There is no journal entry of 412 accounts during 7/1/2024-7/30/2024.

C4. Theoretical amount

As of today's date, 7/22/2024, 22 days have passed since the period of 7/1/2024-7/30/2024. The total theoretical amount accumulated so far is $220, calculated by multiplying the daily amount of $10 by the number of days elapsed. 

Daily theoretical amount is $10 (300 planned amount/ 30 days)

C5. Achievement

Practical amount divided by Theoretical amount. 0 / 220 = 0%.