IT Budgeting and Asset Depreciation for IT Professionals

When it comes to IT Budgeting and the current assets in your organization (i.e. computers, software etc.), it’s usually a challenge for IT Professionals to work alongside the accounting department. In many cases IT Professionals don’t have experience or expertise in IT Asset Depreciation. Yes! Asset Depreciation, you might be scratching your head wondering why […]

Stable Cash Flow is Key to Business Growth

Any business owner will tell you that cash flow is important for a healthy business. Positive cash flow allows you to pay your employees’ wages, get business supplies and maintain your business so you can continually attract new–and retain old–customers. But cash flow is important beyond simply maintaining the status quo. A positive cash flow […]

Agile Budgeting: How Rolling Forecasts Drive Flexibility

Agile is a loaded word in today’s business world. Not long ago, if someone said you were agile it meant they thought you could move quickly and were flexible. But the word has taken on significant meaning for companies and has made its way into the corporate lexicon across organizations. Initially adopted as the name […]

How To Successfully Handle Changes in Customer Demand

I’ve been writing in this blog about how small and mid-sized businesses (SMB) can put Planning Maestro to use and have a year-round practical tool that can be used effectively unlike the “let’s finish the budget preparation chore and shelve it until next year” approach that so many companies unfortunately take. I was using the […]

The Benefits of an All-Encompassing Budget

Why using inadequate tools and approximating the balance of forecasted Balance Sheet accounts is a bad approach for budgeting I recently had a discussion with a colleague who is a partner in a local management consulting firm about organizations’ attitude toward the planning and budgeting process and the benefits they reap from these activities.  I […]

Don’t Be Deceived – Payroll Budgeting Tips You Need to Know

You’re deep into your year-end close and 2016 is looming in the shadows. To keep from being overwhelmed, isolating one piece of the pie to focus on is the best way I’ve found to manage my work when things get harried. The area I’d like you to zone in on this week is payroll budgeting. […]

The Dreaded Statement of Cash Flows

How you can automatically generate an actual Statement of Cash Flows regardless of what ERP software you use Those who have experienced the manual preparation of a Statement of Cash Flows using beginning and period end Balance Sheets plus a periodic Income Statement know that this can be a chore and can cause a little […]

Advantages of Cloud-Based Business Budgeting Software

Using spreadsheets and hard drive-based business budgeting software can keep a large volume of business data organized can be useful, but the advantages of a cloud-based solution are difficult to deny. From maintaining a single streamlined edition of the master file to permitting unlimited users to alter the file and even limiting most individuals from […]

Are you Challenged Managing your Annual Software License Fees Renewals?

How you can have Budget Maestro manage this task with ease and accuracy All organizations rely on software products in their daily operations across all departments and business segments. Enterprise software ranges from ERP, accounting and finance applications to engineering, CAD, CAM, marketing and sales automation and also includes the software I am using to […]