This is part 2 of 12 in a blog series on understanding the risks of your current planning, budgeting and forecasting process. For the next few weeks, we’ll be posting a new article every Wednesday that will look at the challenges of the budgeting process and how to solve them with budgeting…
Read MoreThis is the beginning of a blog series on understanding the risks of your current planning, budgeting and forecasting process. For the next 11 weeks, we’ll be posting a new article every Wednesday that will look at the challenges of the budgeting process and how to solve them with budgeting best…
Read MoreThis blog post is from our partner, TGO Consulting in their series, The Changing Role of Finance. It was written by Grantley Smith, Solution Advisor from TGO. Back when I was doing actual accounting every day, I remember dreading budget season. It is like the opposite of Christmas – you…
Read MoreLet’s face it, budgeting is not fun, especially when you’re the one tasked with reviewing the spreadsheets. Here are some important budgeting process steps to consider during the review process! 1. Take the time you think you need and double it! Reviewing takes more than five minutes. Ideally, most…
Read MoreMost 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…
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