Budgeting in MS Excel
Posted: Wed Jan 22, 2025 8:42 am
Budgeting in MS Excel
The simplest program for planning financial activities and maintaining management accounting is MS Excel. Working in it, the user can enter any formulas, set up relationships and forecasts, and make reports of various types. In the tables of this program, you can insert fragments of documents from other programs (Word, SAP R3, SAP HANA, etc.), which significantly simplifies and speeds up the input of information.
But along with the advantages, budgeting in Excel is not without a number of significant disadvantages:
Two or more employees instagram database cannot work with one file at the same time. There is a high probability of losing information or creating a duplicate file, which will lead to distortion of the entire data array.
If you need to develop multiple budget versions, you need to create a new file for each version. This increases the amount of information and can cause confusion.
A large array of data has to be consolidated manually, and this leads to a huge number of inaccuracies and errors.
There is no restriction of access to data and protection of information from unauthorized modifications.
Read also!
"Sales Triggers That Have Never Failed"
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Budgeting in "1C"
The program "1C:ERP Enterprise Management" has a more functional configuration and is equipped with a universal set of business planning tools at the enterprise. Automation of the budgeting system with the help of this software allows you to create various options for financial documentation, taking into account the availability of the necessary resources, synchronize payment with purchase and sale, control the expenditure of funds on projects.
Separate sections provide for planning of stocks by areas: “Sales plans by categories”, “Sales plans by product range”, “Production plans”, “Assembly/disassembly plans”, “Purchase plans”.
PlanDesigner
A system for working in the budgeting sphere, the distinctive feature of which is the ability to work with large volumes of information in multi-user mode. It is also possible to exchange data with the following programs: Excel, SAP/R3 "1C", Navision, SyteLine, MS Project, "Parus", Axapta, etc.
"Intalev: Corporate Management"
This program, based on the 1C:Enterprise 8.3 platform, is characterized by a familiar and comfortable interface that can be customized depending on the complexity of the tasks being performed. At the same time, the employee is not overloaded with unnecessary information. In the process of work, a single base of primary information is created for budgeting and reporting. With the help of the received documents, it is possible to analyze any project in detail, down to individual operations. It is also possible to keep records according to several standards: RAP, GAAP ↔ IAS, etc.
BPlan
Work in this program is based on budget system modeling. This allows you to develop plan options, make changes to them, make adjustments in accordance with changing business conditions, master new directions in an already developed structure, and analyze data in documents. A useful option is the ability to detail information in detail.
It is possible to build a model from scratch on a turnkey basis, or you can use ready-made industry templates that are supplied in the kit.
You can deploy this software yourself, without calling in outside specialists. A simple and user-friendly interface allows you to start working almost immediately after installation. The developer of the program has provided users with a library of budget BPlan models that are suitable for the needs of any company. It has a text description, which makes it easier to use.
A disadvantage of this software is the impossibility of its integration with other programs, for example, with "1C". At the same time, tables from budgets can be printed or transferred to MS Excel without the ability to adjust or change the appearance of the document.
Budgeting in "1C"
The simplest program for planning financial activities and maintaining management accounting is MS Excel. Working in it, the user can enter any formulas, set up relationships and forecasts, and make reports of various types. In the tables of this program, you can insert fragments of documents from other programs (Word, SAP R3, SAP HANA, etc.), which significantly simplifies and speeds up the input of information.
But along with the advantages, budgeting in Excel is not without a number of significant disadvantages:
Two or more employees instagram database cannot work with one file at the same time. There is a high probability of losing information or creating a duplicate file, which will lead to distortion of the entire data array.
If you need to develop multiple budget versions, you need to create a new file for each version. This increases the amount of information and can cause confusion.
A large array of data has to be consolidated manually, and this leads to a huge number of inaccuracies and errors.
There is no restriction of access to data and protection of information from unauthorized modifications.
Read also!
"Sales Triggers That Have Never Failed"
Read more
Budgeting in "1C"
The program "1C:ERP Enterprise Management" has a more functional configuration and is equipped with a universal set of business planning tools at the enterprise. Automation of the budgeting system with the help of this software allows you to create various options for financial documentation, taking into account the availability of the necessary resources, synchronize payment with purchase and sale, control the expenditure of funds on projects.
Separate sections provide for planning of stocks by areas: “Sales plans by categories”, “Sales plans by product range”, “Production plans”, “Assembly/disassembly plans”, “Purchase plans”.
PlanDesigner
A system for working in the budgeting sphere, the distinctive feature of which is the ability to work with large volumes of information in multi-user mode. It is also possible to exchange data with the following programs: Excel, SAP/R3 "1C", Navision, SyteLine, MS Project, "Parus", Axapta, etc.
"Intalev: Corporate Management"
This program, based on the 1C:Enterprise 8.3 platform, is characterized by a familiar and comfortable interface that can be customized depending on the complexity of the tasks being performed. At the same time, the employee is not overloaded with unnecessary information. In the process of work, a single base of primary information is created for budgeting and reporting. With the help of the received documents, it is possible to analyze any project in detail, down to individual operations. It is also possible to keep records according to several standards: RAP, GAAP ↔ IAS, etc.
BPlan
Work in this program is based on budget system modeling. This allows you to develop plan options, make changes to them, make adjustments in accordance with changing business conditions, master new directions in an already developed structure, and analyze data in documents. A useful option is the ability to detail information in detail.
It is possible to build a model from scratch on a turnkey basis, or you can use ready-made industry templates that are supplied in the kit.
You can deploy this software yourself, without calling in outside specialists. A simple and user-friendly interface allows you to start working almost immediately after installation. The developer of the program has provided users with a library of budget BPlan models that are suitable for the needs of any company. It has a text description, which makes it easier to use.
A disadvantage of this software is the impossibility of its integration with other programs, for example, with "1C". At the same time, tables from budgets can be printed or transferred to MS Excel without the ability to adjust or change the appearance of the document.
Budgeting in "1C"