Advice 1: How to plan income and expenses

Financial planning covers all the important aspects of the company. In addition, it provides advanced control over the appearance and use of labour, financial and material resources, as well as creates good conditions for improvement of the financial condition of the organization.
How to plan income and expenses
Instruction
1
At the top of the sheet write: "the Plan of income and expenses". Next, select the year for which prepared this document.
2
Make a table to get 6 columns. In the first of them, in the first column in the header write: "Figure". Further, in the second column, indicate the first quarter, in the third second, fourth — third fifth — fourth quarter and in the last email: "total".
3
Fill in the data table. List the name of indicators income and expenditures: - revenues from sales;- costs of imported goods;- gross profit from sales;- overhead costs; trading costs;- advertising costs;- the wage of managerial personnel;- depreciation;- other costs;- profit.
4
Make the values of the indicators, breaking them down by quarter. You can use the balance sheet for the previous periods and already the basis of those data, display the plan values.
5
Count totals. All received data are entered in the last column. In order to calculate this value, you must add up all amounts for the quarter for each indicator.
6
Remember that financial planning in the company should be linked with forecasting economic activity and be based on the indicators (output and implementation of the capex plan, estimates the cost of production, etc.). However, the financial plan may not be a simple arithmetic calculation of the production in some financial indicators.
7
Identify in the process of writing a plan is not reflected in standard indicators of intraeconomic reserves and find methods on the most effective use of production capacity available to the company. Identify ways to make better spendingthe creation of financial and material resources.

Advice 2: How to make managerial balance

Management balance is the balance of assets and liabilities of the company, drawn up for accounting purposes. It differs from accounting balanceand the fact that assets and liabilities while maintaining logic's financial statements presented to you to analyze them from the point of view of operational and short-term management. That is, articles traditional balanceand re-formatted, but the principle of balance between assets and liabilities remains intact. How to make managerial balance?
How to make managerial balance
Instruction
1
First of all, please answer the following questions: why do you want to be management balance, who will be its user, what issues need to be solved with the help of this kind of management reporting. Remember that the preparation of any report takes time, so decide the frequency and timing of compiling the managerial balance.
2
Make or get ready in the accounting accounting balance at end of period prior plan.
3
Divide the assets and liabilities management balanceand activities:
- main (operation, bringing the main income),
- financial,
investment.
4
The "snap" of the article balanceand to activities. For example: the fixed capital investment activity includes both assets (fixed assets) and capital commitments (investments). Working capital – is associated with the main (operating) activity, includes current assets and current liabilities.
5
Compare selected articles of the balanceand together. Mark which financial indicators necessary for the analysis at your enterprise. Correct managerial balance in line with the needs of your management reporting.
6
Make the planned balance for the period adopted by other forms of management accounting. At the end of the period, make the actual managerial balance, analyze deviations and their causes. Develop plan of measures on elimination of causes of negative deviations from planned targets. The figure shows an exemplary management balance of the enterprise. This sample only shows one option of compiling the managerial balanceand is not representative for all enterprises. But perhaps this sample will tell you in what direction to move you.
Useful advice
Create financial management reports to be traced through the relationship between indicators in different reports. This will help you to avoid mistakes and to cross-check different forms of reporting on compliance.
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