See Also: Capital Budgeting Methods Zero-Based Budget Cash Flow Projections ProForma Financial Statements Proforma Earnings Estimate Expenses for Annual Budget How do you estimate expenses for annual budget in your company? Estimating expenditures for your business can be much more than just a guess. You can use data and previous experience to make an educated
See Also: Income Statement ProForma Financial Statements Flash Reports Definition The Flash Report or financial dashboard report is defined as a periodic snapshot of key financial and operational data. It’s a one-page report that helps management assess the key performance indicators of the company. There is an art to creating a flash report or dashboard report! Flash reports should cover the shortest
5 Steps to Designing an Internship Program Internship programs are a great way for your organization to bring in new talent and fresh ideas with motivated and knowledgeable interns. Many companies offer internship programs for college students. Both the organization and the interns benefit from the value of an internship experience. Establishing successful intern programs
See Also: Inventory Turnover Ratio Inventory to Working Capital Ratio How to Manage Inventory Days Sales Outstanding (DSO) Days Payables Outstanding (DPO) How to Develop Daily Cash Report 13 Week Cash Flow Report Supply Chain and Logistics Days Inventory Outstanding Days inventory outstanding (DIO), defined also as days sales of inventory, indicates how many days
See Also: Sales and Marketing Compensation PEO or Outsource Payroll Wage Rate Employee Stock Ownership Plan (ESOP) Employee Health Insurance Plans Compensation Plan Definition A plan, defined as the plan of how to compensate employees for their work efforts, is one of the most common concepts in the professional world. Compensation plans design a number
I recently read an interesting Business.com article by Art Saxby. Art Saxby is the founding principal of Chief Outsiders. In this article, he talks about how to achieve success by narrowing your customer base. Sounds counter-intuitive… But how many firms tie up valuable resources catering to high-maintenance customers who often don’t stick around in the
I have way too many passwords. To date I have over 75 and counting! How many passwords do you have? I have a confession. I am “early adopter” of technology. Consequently, I am adding web sites and new tools all the time. Since I bought my Ipad I have ended up buying over 30 apps.
The finance function of an organization can contribute significantly to a company’s operating success. The key is how the financial leadership communicates with sales and operating staff. Creating a flash report can make a huge difference in your communications Creating a Flash Report A proven tool to enable this communication is the flash report, or
Monitoring a company’s performance using ratio analysis and comparing those measures to industry benchmarks often leads to improvements in company performance. Not to mention these ratios are often part of loan covenants. The following article provides an overview of the 5 categories of financial ratios and links to their description and calculation. Use the following
An article published recently in the Journal makes the case that smaller companies should pay attention to certain economic indicators, such as the Producer Price Index (PPI), unemployment rates, and consumer confidence. Yet most smaller companies take what the market will bear, and sell and buy in markets which are impacted by much more narrow
I just returned from the Microsoft Worldwide Partner Conference 2009 in New Orleans. At the conference I heard Steve Ballmer discuss the direction of the economy over the next several years. He believes that the world economy is going through an “economic reset”. Economic Reset According to Ballmer ,the world economy becomes overheated every twenty-five
Most CFO’s cut costs to obtain profitability for the company. In a recession, that is often the best course of action. The question is: what kind of knife do you use? A meat cleaver or a scalpel? Should You Cut Marketing Expense in a Recession? Marketing costs are a prime target for the CFO’s slashing
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