Archive

Monthly Archives: June 2020

June 2, 2020

High Expectation

The man passed by a shop selling jigsaw puzzles and bought one for his 5 year old son. He can't wait to give it to his son Jordan. Jordan had never played with one before. 

Upon reaching home, he went straight to Jordan's room to show him his favourite cartoon character printed on the box. Jordon's eyes brightened up. The man quickly unwrapped the box and poured the 500 pieces of jigsaw puzzle on the floor and left him to complete it. 

I bet you don’t give your son a 500 pieces puzzle to start with. You would probably give him 10 piece puzzle and show him how to put 2 pieces together. And then you would teach him how the pieces are supposed to fit together to make up the cartoon character.

And when he had completed the puzzle for the very first time with you, you would probably want him to do it again to make sure he knew how to do it all by himself.

BUT

When it comes to budgeting, most of you expect your staff to perform like an expert after they were sent for a basic Excel course.

You see, Budgeting in Excel is very similar to a jigsaw puzzle. Knowing the basic Excel skills is not enough. 

Your staffs need to know the functions/formulas before they can use these functions/formulas for budgeting. This is not an easy task and it takes weeks if not months to figure out the process and put into practice. 

But Jason, we don’t have time to do that. The budgeting season is starting soon. 

Well if this is the case, then I am able to help. You see, I understand the problem they are facing and I know which function/formulas are needed for budgeting. And I have created a proprietary process which will be able to shorten the time taken for budgeting from a few months to just days.

This means that they don't have to figure that out any more and they can simply learn what is necessary to get the job done.  And the process they learned can be applied to other areas of their job as well once they see how it works.  I won’t waste their time and yours by subjecting them to the all functions and formulas type of training which they may not use for the next 20 years.

And with a few practice which will just take only hours, they will be able to do this all on their own. How about that?

Complete the form below for a non-obligation chat with me if you value your staff time and want to have a stress free budget.  

June 1, 2020

Is it worth it?

My bluetooth ear piece cannot connect to my laptop. I tried to turn on and off, reboot the computer, delete and set up the device again. All didn't help.

I googled for the driver and click on the support link. It went to a 404 page, meaning that the page cannot be found. I called Plantronics and after a long long wait, I got to someone. It was the wrong line. I was re-directed to another line and the wait started all over again.

When I finally got to talk to the right person and explained to him what happened, the line was cut off before the customer service guy could respond to me. The guy got my number but he didn't call me back. I give up.

I have wasted the entire morning with this and yet it cannot be resolved. 

Do you have the same experience like me when it comes to corporate budgeting?

When we do corporate budgeting, one of the many fears we had was broken links. When it happened, it sent a shiver down our spine. And we started to question ourselves - 

  • Was this the only broken link?
  • What if there were others and we were not aware of?
  • Did we incorporate the numbers from all the departments in the budget?

We do not know what had caused the broken link especially when we have checked and ensured that all the links were valid. We couldn't develop a plan to prevent it. And history always repeated itself.

Somebody recommended to me budgeting software. I tried a number of them. They were not as good as Excel because they took away the flexibility Excel offered, such as

  1. copying the formula across the columns with one click,
  2. scroll left and right and up and down easily. ​
  3. printing the budget within one page for viewing and checking.

Excel still reigns.

Not wanting to be overcome by this fear of corporate budgeting, I started to study the functions in Excel and tried to see how I can jump out of this budgeting nightmare. 

After many trials over the years, I finally managed to find the right model to corporate budgeting with the following advantages.

  • No more linking to other worksheets with formulas
  • No more multiple files to consolidate the results.
  • No more multiple files to break down the company expenses by department.
  • And it takes less than one hour to setup. It is that fast. 

If you are struggling with corporate budgeting and would like to know how my solution can help you, drop me a text to find out. No worries, there is no obligation for asking. 

>