Actuals are the real financial results recorded for a specific period.

Simple Meaning:

Actuals show what actually happened in terms of income, expenses, sales, or costs.

Example:

Budgeted sales: ₹10,00,000

Actual sales: ₹9,20,000

Here, ₹9,20,000 is the actual figure (actuals).

Purpose:

To compare with budget or forecast

To identify variances

To evaluate business performance

In short, actuals are the real numbers recorded in the accounts, not estimates.