Slide notes: In a managed Business, Budgets are
quite important, because we use it for comparative reporting on Income
generation and also Expenditure control.
Slide 2
Slide
notes: In IES Business, we can include Financial Budgets, Physical Budgets,
Key Performance Indicator Budgets and Customer Sales Budgets.
Slide 3
Slide
notes: Financial Budgets are the ones everybody are used to, and we use
them to measure Income and Expenditure versus Budget.
Slide 4
Slide
notes: Physical Budgets are extremely useful for Performance Measurement,
for example in Manufacture, Agriculture, Production and similar
environments. For example, with a Physical Budget we can measure the number
of Man Hours and the Number of Tractor Hours to be applied in the Planting
Activity of a Hectare of Land.
Slide 5
Slide
notes: Key Performance Indicators, or KPI's as we commonly call them, can
be used to measure, for example, Containers lifted on and off, the number
of Hectares to be Planted, Hectares to be Land Prepared, Hectares to be
Harvested, etc.
Slide 6
Slide
notes: And Customer Sales Budgets are commonly used in Businesses where a
relatively small number of Customers are the source of the bulk of the
Business Income. In these cases, we may want to budget on the Income per
Customer, in order to measure our achievements in this pursuit.
Slide 7
Slide
notes: How do Budgets get into the system? They can be Imported from Spread
Sheets or they can be captured on-line, or a mixture of both.
Slide 8
Slide
notes: For on-line Budget capture, there are additional benefits, likeon-line comparisons with Actuals and
Prior Budgets;
Slide 9
Slide
notes: And Charts for improved
visual perception, plus functions for easy Budget capture.
Slide 10
Slide
notes: And Physical Budgets can automatically generate linked Financial and
KPI Budgets, based on standard KPI Factors and standard Financial Rate
conversions.
Slide 11
Slide
notes: How do we report on Budgets? The Budget Report Writer provides quick
and easy Budget Management Reports, and these Reports can be browsed
on-line without having to print them in each case.
Slide 12
Slide
notes: Budgets may be revised any number of times during the Financial
Year, while retaining the original Budget at all times to compare with.
