How did they keep records before?
Posted: Tue Jan 28, 2025 10:40 am
At the beginning of the year, project managers and the CFO planned expenses and incomes by month. There was no data for the forecast model, so the financial plan was treated like a horoscope - it did not play an important role in management decisions.
At the end of the quarter, the CFO would upload portugal consumer email list data from the CRM into a table and present the results to the board of directors. Usually, they would find overspending on several items and ask, "How did this happen?" After that, the CFO would leave for a month to sort out the data:
information on the services of current clients was obtained from project managers;
information on new clients - in the sales department;
expenses - in the finance department;
expenses of non-production departments - in departments;
data on other expenses - in the folder "Other". It contained approximately 40% of expenses. The company did not control them.
At the end of the quarter, the CFO would upload portugal consumer email list data from the CRM into a table and present the results to the board of directors. Usually, they would find overspending on several items and ask, "How did this happen?" After that, the CFO would leave for a month to sort out the data:
information on the services of current clients was obtained from project managers;
information on new clients - in the sales department;
expenses - in the finance department;
expenses of non-production departments - in departments;
data on other expenses - in the folder "Other". It contained approximately 40% of expenses. The company did not control them.