Most companies favor Excel when it comes to the budgeting process. One of the biggest pains of working from Excel is merging the data. Keep reading for some helpful financial budgeting tips on how to merge all your data! 1) Storage and Retrieval Having a structured naming and distribution method…
Read MoreExcel is a great tool and over 80% of companies are using Excel as their budgeting solution. However, in our 20+ years of experience working with financial systems, we’ve seen some challenges in using Excel. So we’ve compiled our Top 5 and what you can to do about them. 1) Budget…
Read MoreIt is essential in the budgeting process to capture accurate data, so that you can plan accordingly for the rest of the year. The better you are at capturing data, the better your end results will be. This post provides some insight to help you create data input templates that help…
Read MoreWhen creating your Excel budgeting templates, it is important to keep them as simple as you can in order to ensure people are not overwhelmed with templates that are unnecessarily complicated. Try to build templates that keep the following in mind: 1. Reduce the amount of data presented to…
Read MoreA successful budget must bring together three major pillars – people, data and process. Gaps in any of these areas will decrease the accuracy of the final budget numbers. The People This element is pretty self-explanatory – you cannot create a budget without the people! You should always consider the…
Read MoreLet’s state the obvious, budgeting isn’t sexy, nor is it fun. It’s an ongoing process, and companies need to do it on an annual basis. If you’ve ever stopped to ask yourself, why am I doing this budget report, then this article is for you… 1. “Because we have to” So…
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