4 Tips For Improving The Budgeting Process   For a majority of businesses, Excel is the basic budgeting tool used. Subsequently, the Excel interface significantly influences the way the budgeting process works. The Typical Budgeting Cycle About 4 months before the final budget is due, you begin your budget cycle….

The following article is from guest blogger, Gary Cokins. I will substantially oversimplify the history of accounting for the purpose to provide perspective for a new era that is now emerging. It is an era of progressive managerial accounting methods enabled by computer software. Here is all you need to…

Audit Trails “Those aren’t my numbers, somebody else must have changed them.” If you are somehow involved in managing or facilitating your business budgeting process, I am sure you hear those words on a regular basis. In fact, that phase is probably third most popular in the list of phrases…

Whether you like it or not, at some point of the year, you will need to start budgeting and forecasting for the next. What a lot of companies fail to realize, is that it doesn’t have to be as painful as you think. By implementing a company wide set of…

    In business, knowledge is power. The keys to a successful enterprise rest on the ability to stay agile and be able to make the best decisions in a timely manner. Having the ability to forecast overall income and expense, net profit or loss, overhead cost or the performance…

Finding a new budgeting and forecasting solution can be an overwhelming task. Not only is the task to find a product to suit your unique business needs, but it also entails sorting through the multitude of products on the market as well. However, knowing the right questions to ask in…

Data Validation   Years ago, while hosting Saturday Night Live, Steve Martin used that phrase during his opening monologue. It was all about how using the words “I forgot” can get you out of any bad situation. For instance, he said you can easily become a millionaire by not paying…

In the ever changing work environment, tension is bound to arise between the age old practices, and the innovative, new ideas. This is especially true in the world of finance. Why tinker with traditional business practices if everything is swell? Finance is the backbone for any organization, so any concerns…

See how True Sky, a corporate performance management solution, can improve your planning, budgeting, and forecasting process!   Be on the lookout for the True Sky booth during the CPA Ontario’s Conference for Controllers from March 12 to 13 at the International Plaza Hotel. See how True Sky can help you escape Excel…