Budget

Budgeting is detailed planning for the allocation of funds in a business. It is sometimes referred to as the financial picture of the business; i.e., how the business plans to spend its financial resources. Whether the business plan is for next year, for the next three years, or for the next five years, budgeting can help keep on the right road. A budget is a translation of business plan into numbers. In its simplest form a budget is a detailed plan of future receipts and expenditures - a projected income statement.

The Budget Process can be summarized as below.

4BS-Solutions - Global IT Consulting & Software Services FirmReview last year's budget to see how well the business performed. Make a list of what changes may be needed in operations or the budgeting process based on differences between actual and projected amounts in each category.
4BS-Solutions - Global IT Consulting & Software Services FirmCalculate return on investment (ROI) for the previous year. Determine a realistic ROI goal for the coming year.
4BS-Solutions - Global IT Consulting & Software Services FirmEstimate changes in expenses for the coming year.
4BS-Solutions - Global IT Consulting & Software Services FirmCalculate the revenues needed to meet the ROI goals and anticipated expenses.
4BS-Solutions - Global IT Consulting & Software Services FirmEvaluate how realistic the revenue goals are.
4BS-Solutions - Global IT Consulting & Software Services FirmReadjust expense and ROI projections so that revenue goals are achievable.
4BS-Solutions - Global IT Consulting & Software Services FirmFixed assets accounting

4BS developed a budget system with the features like developing a new budget, budget based on existing chart of accounts, end year budget based on existing chart of accounts and also comparing the existing budget with the actual budget. The budgeting system also have reports specific to Globally Accepted Accounting Principles and International Financial Reporting Standards.

Funding

Funding system is designed to help investors monitor and analyze their stocks, mutual funds, and other investments with a wide variety of easy to use graphs and reports. Funding system makes keeping track of investments easy by offering convenient features such as powerful price and transaction importing features as well as single push button price and transaction updates from the internet. Funding system makes tax time a breeze, and offers many graphing and reporting options that allow investors to conveniently get an insight into how well their investments are performing.

4BS developed a Funding system which manage funds and supports funds specific chart of accounts and full budgeting. Organizations can set-up multiple divisions to oversee their funds, and manage an unlimited amounts of funds per division. Each fund has it's own general ledger and complete accounting functions with unlimited budgets per GL Account per Fund. Funding system is completely customizable for the specific purposes. Funding system have fund accounting specific financial statements with full auditing and security features. 4BS's Funding system is the perfect solution for non-profit organizations that have multiple locations, since it can be operated over the Internet and only a browser is needed to access the software. Inclusion of features like Accounts Receivable, Inventory and Shopping Cart easily allow the organization to manage gift shops and on-line stores to sell both items and take donations or payments for government services.


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