Running any
business that has meaningful sales is challenging enough without having
reliable forecasts. Often businesses
find budgeting and forecasting their business is too hard or cumbersome and
time consuming that just looking at LY data is enough. But that is similar to driving a car looking
through the rear view mirror. If you do
this you will fail. Often the resistance
to budgeting is also the challenge of using Excel to build your budget. It is time consuming and makes budget to
actual reporting also time consuming and hard to generate.
If you upgrade
to a Budget Software platform that can integrate to your Accounting Software
that recreates your Chart of Accounts and Class/Segments then you can generate
Budget to Actual reports in seconds. Budgeting software eliminates the errors from budgeting in Excel, forecasting software for small business and
managing the formulas and constant auditing of all formulas so they aren’t broken
or linking incorrectly. Considering
these challenges the task of budgeting is scary and time consuming but so
imperative.
Budgeting using
Excel while there are more powerful and flexible budgeting software solutions
is like budgeting with pen and paper when Excel was around. The next generation of budgeting solutions is
here and it is more intuitive than Excel and leverages the power of the
cloud.
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