Event
The event a specific budget item applies to.
This column mirrors the equivalent column in Budget view.
Budgeted revenue/Budgeted cost
The amount you that had been budgeted for an item.
Budgeted revenue/Budgeted cost are calculated using an item's Budgeted price.
Actual revenue/Actual cost
The amount you ended up actually earning/spending on an item.
Actual revenue/Actual cost are calculated using an item's Actual price.
Variance
The amount you ended up going over/under your budget for an item.
Variance is calculated as the difference between an item's Actual revenue/Actual cost and an item's Budgeted revenue/Budgeted cost.
Positive Variance values denote either higher actual revenues that budgeted revenues or lower actual costs than budgeted costs, and are therefore good for your budget.
Negative Variance values denote either lower actual revenues that budgeted revenues or higher actual costs than budgeted costs, and are therefore bad for your budget.
% Variance
The percent amount you ended up going over/under your budget for this item.
% Variance is Variance expressed as a percentage of an item's Budgeted revenue/Budgeted cost.