Archives

All Posts Tagged Tag: ‘expense’

Gimme an “l-l-o-c-a-t-e”!

0

Allocation methodologies. Follow this link to a spreadsheet demonstrating how this function can work for your organization. First, your org must decide upon an appropriate “use of resources” model. Tracking a set of patterns governing the use of material resources allows the application of those “use patterns” upon predefined sets of overhead expenses. The sample spreadsheet demonstrates the allocation of …

Read More

Gimme an “A”!

0

Allocating expenses is by no means a necessity, unless of course, your organization is on the receiving end of funding that requires allocation. Federal funding is known for this requirement, as are other public sources of support. But regardless of whether or not your organization is mandated to allocate expenses, as a procedure, it does have its benefits. But let’s …

Read More

Budget! Actuals! Projections!

1

Here are a few things to keep in mind as you’re sorting through these three sets of numbers. Budgets are certainly the critical framework for any org’s financial activity. They are, in essence, Board approved projections of anticipated revenues and expenses, established before the start of your fiscal cycle. All activity during the year is focused on meeting those goals …

Read More