Tag: Budgeting

How a Customized Dashboard for QuickBooks Online Can Help your Clients

Whether you love it or hate it, budgeting is extremely important for all types of businesses. The key to successful and accurate budgeting is to not forget anything. What’s the best way not to forget anything? Have a checklist. When you use a checklist, you limit surprises and help ensure you didn’t forget anything during the budget building process.

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5 Items Every Budget Should Include

Whether you love it or hate it, budgeting is extremely important for all types of businesses. The key to successful and accurate budgeting is to not forget anything. What’s the best way not to forget anything? Have a checklist. When you use a checklist, you limit surprises and help ensure you didn’t forget anything during the budget building process.

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Why Excel Budgets & Reports Don’t Cut It Anymore

With more and more sources of data at your fingertips in our lives, stale Excel reports really don’t cut it anymore. If you are using these as the only way you communicate information to the business managers you work with, it’s time to re-evaluate.

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Accountants, CFOs: Save Time. AND Be a Rockstar.

How much time does it take to answer a “simple” question like, “What was our revenue for X customer last month?” I once had a private equity investor grumble at me with a tone of complete and utter annoyance. He had asked one of our portfolio company’s controllers that question and received the response, “Can I get back to you on that tomorrow?”

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Get Rid of the Noise

Have you ever opened the financials for your business and immediately felt overwhelmed? So many numbers, no point of reference, and 5-10 clicks to find the data you actually need. Not fun! See how AutoCFO can help you wrangle your data as if you had a team of financial analysts on your side!

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Getting Detailed with AutoCFO: How to Create Your Budget

Before AutoCFO, your main option was to open an Excel spreadsheet, download your Profit & Loss statement from your accounting system (QuickBooks), copy the expenses from last year, then start typing numbers into the excel cells for what you think will be different from last year. It’s a bit exhausting just thinking about all of that work!

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Breaking Down Budgeting

Why budget? Think about any big goal you’ve achieved in life. Whether your goal was strength training or planning a big trip, my bet is you have always been more successful when you had a plan. Your business should have a plan too. If you spend all of the money you receive from customers on a big marketing campaign to bring in new business, but don’t set aside money for rent or payroll, you may be out of business before you can provide the services advertised in your campaign.

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