Monthly Archives: November 2013

Now You Can Accurately Forecast Your Cash Flow

An Enterprise Budgeting Application That Uses a Very Different Method to Accomplish that and Much More

By Alan Hart, MBA

In an earlier post, “Can you Really Forecast your Cash Flow” I was trying to touch on the idea that an accurate forecast of the company cash balance, and other balance sheet accounts during the budget year, is very important and should be part of every company’s budget process.  In fact, the entire GL chart of accounts should be included in the process. Continue reading Now You Can Accurately Forecast Your Cash Flow

Be Creative and Productive Building a Budget Model and Stop Worrying about the Design and Calculations

Let the software handle all the programing, formulas and links while you create the plan and more importantly, analyze your data.  Use your Budget for its Originally Intended Purpose.

By Alan Hart, MBA

Any finance or accounting professional who has had the opportunity to participate in their organization’s budget and forecast preparation knows how difficult and stressful this process is. Whether you are a budget administrator or merely a contributor to your company’s consolidated annual budget, you are faced with deadlines that are often barely met and occasionally missed. There are numerous reviews and explanations must be provided for one or more budget items, followed by additional reviews and more changes.
Continue reading Be Creative and Productive Building a Budget Model and Stop Worrying about the Design and Calculations

The Budget & Forecast Process – What Really Matters

Get real, meaningful value from your budgeting process

By Alan Hart, MBA

How much value is your organization getting out of the budget process, once the budget is created?  Is management able to quickly and intelligently make decisions driven by actual operations results compared with budgeted expectations?  How often do you have an opportunity to decide whether changes are required, and to evaluate alternatives?  How complete and accurate is your forecast?  Do you employ the best-in-class tools to provide you with the information you need? Continue reading The Budget & Forecast Process – What Really Matters