Great business management involves having strong budget and forecasting processes. Depending on the size of your organization, there may be a dedicated finance team who is responsible for the budget, a single department if they have the highest expenses, or perhaps it is your operations manager who takes on the…

The budgeting and forecasting process is generally not the most exciting time of the year, but there are a few ways to make it simpler for yourself. Read on below to find out if you are making some common budgeting mistakes, and how to avoid them. Not Asking for Input…

Budgeting – it’s not the most fun time of the year, but we all have to do it. Did you know that one in five Americans would rather spend an hour in jail than plan out a 5-year budget? So why is this? The Strategic CFO published a great article…

Now that we’re a full month into 2019 already, it is an ideal time to take a critical look at your business processes and evaluate what is working well, and what isn’t. The budgeting process is one of the most critical, so it better be good! If you’re worried it…

You already know that you need to sell your products or services to your customers, but did you also know that you need to sell your budget to your team? As we wrote about last week, budget accountability is everyone’s responsibility. Good corporate governance depends on getting your team on…

Strong business management involves a good budgeting and forecasting process. But who is ultimately responsible for that budget? Depending on the size of your organization, you may have a dedicated budget manager or finance team. You may have an accounting department. Your operations manager might take on the bulk of…

Make Sure Your Strategic Planning and Budget are Aligned Every business needs a budget, right? But how do you know if your budget is right for your business? For most organizations, it is not enough to simply track all of its expenses and revenue. For your business budget (and your…

Being accountable for the budget is about far more than taking responsibility for any mistakes made or if something goes wrong with the budget. It is also about being committed to the numbers once they’ve been approved and agreed upon. Holding people accountable to their numbers is critical. If an…