Stay Within Budget with SAP Business One
In a week’s time George Osborne, the Chancellor of the Exchequer, will outline his plans for the UK’s budget to Parliament. If you’re the equivalent to the Chancellor of the Exchequer in your business you’ll understand the importance of effective budget management. Without this small businesses can easily run out of cash resulting in serious consequences.
Sophisticated tools in SAP Business One allow you to avoid financial risk and tightly manage your balance sheets by planning, defining and successfully managing your budgets. Flexible functionality allows you to choose budgets on either a monthly or annual basis, depending on the timescale of projects, with pre-determined alerts highlighting any financial issues set to occur before they actually happen.
If you’ve created a project for the next 12 months, SAP Business One offers you the option to distribute your budget equally over each month of year or to create your own method if you’d like to take seasonal trends into account.
There’s also different scenarios which you can incorporate to define the forecasting for your company. These scenarios, such as creating alternative optimistic or pessimistic budgets, can then be used for reporting and displaying against actual performance.
Powerful reporting tools then allow you to design, explore and view individual budgets. Additional balance sheet, trial balance and profit/loss budget reports can also be easily generated.
Key Benefits include:
- Easily create and track budgets
- Keep spending on track and within budget
- Uncover any hidden cash flow issues
- Compare actual revenues and expenses against original forecasts