| Budget actual Reports |
| Collect Budget Data: Gather budgetary data from relevant departments and financial plans |
| Collect Actual Financial Data: Compile actual financial performance data from accounting systems |
| Compare Budget to Actual: Analyse variances between budgeted figures and actual performance |
| Identify Variances: Detect and investigate significant discrepancies between budgeted and actual figures |
| Prepare Variance Analysis: Develop detailed variance analysis reports highlighting reasons for deviations |
| Update Budget Assumptions: Adjust budget assumptions based on actual performance and changing conditions |
| Review Budget Reports: Generate and review budget actual reports for accuracy and completeness |
| Communicate Findings: Present variance analysis and budget reports to management for review and discussion |
| Monitor Trends: Track trends in budget actual performance over time to identify patterns |
| Provide Recommendations: Offer recommendations for budget adjustments or corrective actions based on analysis |
| Financial Performance Dashboards |
| Identify Key Metrics: Determine key financial metrics and indicators to be included in the dashboard |
| Design Dashboard Layout: Create a visually effective dashboard layout that highlights critical financial data |
| Integrate Data Sources: Ensure integration of data from various financial systems and sources into the dashboard |
| Develop Data Visualizations: Create charts, graphs, and other visualizations to present financial performance data |
| Update Dashboards Regularly: Ensure dashboards are updated with the latest financial data on a regular basis |
| Review Dashboard Accuracy: Verify that the data presented in dashboards is accurate and reflects current performance |
| Customize Dashboards: Tailor dashboards to meet the specific needs and preferences of different management levels |
| Generate Dashboard Reports: Produce reports based on dashboard data for detailed financial analysis |
| Monitor Performance Indicators: Track performance indicators displayed on dashboards to assess financial health |
| Gather Feedback: Collect feedback from users to improve dashboard functionality and usefulness |
| Cash Flow Forecasting |
| Collect Historical Cash Flow Data: Gather historical cash flow data to identify trends and patterns |
| Analyse Cash Flow Trends: Review historical data to forecast future cash flow based on past performance |
| Develop Cash Flow Models: Create models to project future cash inflows and outflows based on various scenarios |
| Estimate Cash Flow Requirements: Determine future cash flow needs for operational and strategic planning |
| Monitor Cash Flow Variations: Track deviations from forecasts and adjust projections as needed |
| Update Forecasting Assumptions: Revise assumptions based on changes in business conditions and financial performance |
| Prepare Cash Flow Reports: Generate reports detailing cash flow forecasts and related financial metrics |
| Review Forecast Accuracy: Assess the accuracy of cash flow forecasts by comparing them with actual results |
| Communicate Forecasts: Present cash flow forecasts and analyses to management for decision-making |
| Implement Forecasting Tools: Utilize financial software and tools to enhance cash flow forecasting accuracy |
| Key Performance Indicators (KPIs) Tracking |
| Identify Relevant KPIs: Select KPIs that align with organizational goals and financial objectives |
| Define KPI Metrics: Establish clear definitions and calculation methods for each KPI |
| Collect KPI Data: Gather data needed to calculate KPIs from financial and operational systems |
| Calculate KPIs: Compute KPIs based on collected data and predefined metrics |
| Develop KPI Reports: Create reports summarizing KPI performance for management review |
| Analyse KPI Trends: Monitor and analyse trends in KPI performance to identify strengths and areas for improvement |
| Set KPI Targets: Establish performance targets for KPIs based on strategic goals and benchmarks |
| Review KPI Performance: Regularly review KPI performance against targets and historical data |
| Adjust KPIs as Needed: Update KPIs based on changes in business strategy or performance objectives |
| Communicate KPI Results: Present KPI findings to stakeholders and provide insights for strategic decision-making |
Activities and Responsibilities for SayProCFR-10 SayPro Accounting Services Office – Management Reporting Unit
SayPro is a Global Solutions Provider working with Individuals, Governments, Corporate Businesses, Municipalities, International Institutions. SayPro works across various Industries, Sectors providing wide range of solutions.
Email: info@saypro.online Call/WhatsApp: + 27 84 313 7407
