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Sparkrock Presents:

Budgeting in the 21st Century

# A L L I A N C E 2 0 1 7

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T O TA L T I M E : 5 5 M I N

AGENDA

I N T RO D U C T I ON

( 5 M I N )

AT T E N D E E B U D G E T I N G

( 2 0 M I N )

M E C H A N I C S O F B U D G E T I N G

( 2 0 M I N )

• C a p i ta l b u d g e t i n g

• B u d g e t S t r u c tu r e

• Fo r e c a s t i n g

• B u d g e t P r o b l e m s

B I - 3 6 0 ( 1 0

M I N )

WR A P U P

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INTRODUCTIONS

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Kinley Graham, CPA, CMASenior Application Consultant

Joined Sparkrock in 2015

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Michael Kaptein, CPA, CABusiness Systems Analyst

Certified CA since 1979

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Client IntroductionYour nameWhere you workType of organization (if not clear from the name)How long thereAny interesting facts about you that you want to share

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ATTENDEE BUDGETING

• How did you do budgets over the years – the good and the bad

• How do you do them now and what problems do you have?

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THE MECHANICS OF BUDGETING• Does anyone use other than Excel?

• If so, what and how does it work for

you?• How do you deal with “first cut” of

the budget and tracking revisions from that point forward?

• Do you maintain multiple budgets in NAV for the same year?

• Do you use Account Schedules?• Do you use Jet Reports?

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BUDGET STRUCTURE

• To what level of detail do you budget: Yearly? Monthly? Other?

• If you budget Yearly, how do you analyze variances throughout the year?

• A possible method of producing monthly budgets

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• How many of you forecast?• How often do you do it?

FORECASTING

• Is it widely based or just you?

• Does it work?

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WHAT ABOUT CAPITAL BUDGETING?• Does capital budgeting present you any unique problems?• Does anyone budget their balance sheet?• Does anyone budget their cash flow?

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BUDGET PROBLEMS

• How do you prevent budget padding?• How do you prevent “spend it or lose it” in the last month of the year?• Are you encouraging “spend it or lose it” in the last month of the year?• Other budget problems?

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BI 360

• This is a new product that is currently being tested in the Sparkrock labs

• Since Sparkrock is new, this is the FIRST product being tested in the Sparkrock labs!

• Look at a short demo of the product and tell us if you think it has merit

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WRAP-UP

• We hope you got some value out of this session.

• If you would like to share ideas or concerns with other in the group we will circulate your email addresses to the group. If you would prefer not to be on that list let one of us know and it will be so

• The goal for all of us is to be better at budgeting, to learn from each other, and to more effectively use the tools available to us.

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THANK YOU FOR LISTENING

@ S PA R K R O C K I N CW W W. S PA R K R O C K . C O

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