Falling Short – Excel and Financial Reporting Problems

When it comes to financial reporting, Excel is the go-to for many companies, from small start-ups to larger corporations. In fact, the Financial Executives Research Foundation reported that 69% of companies surveyed continue to use Excel as their main tool for budgeting and planning, despite all of the issues with using spreadsheets for this purpose. […]

The Value of Self-Service Financial Reporting

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. Yet the modern business environment is much more fluid than the occasional re-aligning with budgets allows for. […]

How Can You Ensure Financial Statements Are Accurate? Smart Budgets!

This past summer, The Cheatham County School Board found itself in an uncomfortable position; the Cheatham County Commission called a special meeting so that its members could explain how the Board had made $878,000 revenue mistake in the school budget. The reason? An error in a spreadsheet calculated a subtotal of $439,000 in revenues two […]