Remove Budgeting Remove General Ledger Remove Planning Remove Sales
article thumbnail

5 ways financial forecasting future-proofs your annual budget

Centage

As we ring in a new year and brace for all of the opportunities and challenges it will bring, one resolution should be near the top of the list for finance professionals: embracing flexible financial forecasting to future-proof your annual budget. Financial forecasting gives businesses the agility to adapt to changing conditions.

article thumbnail

Capitalising on the Fintech apps in APAC

Future CFO

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

10 KPIs to Track Business Performance

The Finance Weekly

They are widely used in , strategic planning and reporting to guide investment decisions. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Calculation: Net credit sales ÷ average accounts receivable = Accounts Receivable Turnover Ratio 5.

article thumbnail

Keep Proprietary Processes Secret

CFO Simplified

Sales – $11,750,000. More recently, the stock model company had experienced a drop in sales, and some customers of the prototyping business were not returning, leaving the company with idle manufacturing capacity. The general ledger layout is generic in nature. Prepare a budget for the coming year for each company.

article thumbnail

How to Calculate Your Profitability: A Case Study

CFO Simplified

Our client was a printing company located in North Central Illinois with sales of $19,200,000 and a second-generation owner. Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . Let’s dive in. The Client. Let’s first set the scene.

article thumbnail

5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

Help your startup clients stay cash flow positive with good budgeting and planning services. This data includes a capital plan, proper entity structure, pre-revenue valuation, and raise structure (convertible note or direct equity). Managing Taxes and Sales Tax -- Almost every business must file and pay taxes.

article thumbnail

Why Robust Data Integration is Critical to Effective EPM Processes

Planful

Key EPM processes include modeling, planning, financial consolidation, reporting, and analytics that are linked in a continuous, repeatable management cycle. In budgeting and planning, the integration of prior-year actuals from GLs may be required to “seed” the annual budget process.