Presented by Michael Kaptein and Kinley Graham on January 26th, 2017. Michael and Kinley explore how you can improve your techniques and decrease budget issues, including capital budgeting, forecasting, and creating an effective budget structure.

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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 R O D U C T I O N
( 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 t a l b u d g e t i n g
• B u d g e t S t r u c t u r e
• F o 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 )
W R A P U P

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I N T R O D U C T I O N S

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Kinley Graham, CPA, CMA
Senior Application Consultant
Joined Sparkrock in 2015

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Michael Kaptein, CPA, CA
Business Systems Analyst
Certified CA since 1979

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Client Introduction
Your name
Where you work
Type of organization (if not clear from the name)
How long there
Any 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 P A R K R O C K I N C
W W W . S P A R K R O C K . C O M