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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
16, November

Narrowing in on 2022 with Driver-Based Budgeting & NetSuite

Driver-based planning is a type of management that zeros in on a company's key value drivers and key business drivers. It helps create budgeting and business plans based on these factors. The goal of this type of planning is to center on the factors that are important to fueling success. Mathematical models can be created to project business. Driver-based planning is helpful for finance executives when they are planning long-range strategic strategies. Examples of this include sales volumes in units, market share, number of shipments, and market size and growth. The driver-based planning approach can be also used to create detailed financial budgeting for the next fiscal year in addition to creating financial forecasts to keep the budget current. Instead of budgeting every little thing, the focus is on creating fluid forecasts. Things such as the costs for computers, employees, and office supplies can be separated and calculated. The driver-based approach gives you the details that you need.

3, November
2021 Attends Vistage ChairWorld 2021's team attended the 2021 Vistage ChairWorld in Las Vegas, NV, and had an excellent time.

16, June

Business Liabilities Explained

Business liabilities are best defined as the financial obligations or responsibilities of a business. Liabilities.

12, May

Calculating Your Contribution Margin and What It Means to You

It's always important to know how much profit a company is making. Many business owners look at the profit margin. This.

1, May

Everything you need to know about Account Reconciliation

Entrepreneurs, small business owners, and CEOs of large corporations are all responsible for monitoring an.

30, April

The Accounting Cycle for your Small Business

The accounting cycle is several steps implemented during an accounting period. This process is implemented to manage.

2, April

Accounts Receivable Defined

Unless you work in accounting, you might not understand exactly what the words “account receivable” actually mean..

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