The team's annual financial plan is prepared at the beginning of the year.
Posted: Mon Jan 27, 2025 5:14 am
Based on 60 months of data, we have established patterns that allow us to make a fairly accurate forecast by week. For example:
payments come in the second half of the month;
January is always a bad month for income, while October and November are profitable.
Previously, we divided expenses and income equally by months and weeks, but now we have begun to take into account the seasonality of the business.
3. Executive Director's Summary Table
In order for Completo's managers to assess what is happening in the agency, data from all team reports is collected in a summary table. This india consumer email list table is similar to the team table, but it has additional parameters that are of interest to top management:
Due date change history. Sometimes we don't manage to close a task on time, and the due date gets pushed back.
Payment information: how many days have passed between signing the act and paying for the service. If more than 60 days, the management has questions.
Last act date. Needed when there are multiple JIRA issues for one service. This is against our workflow, but it happens sometimes.
Work Ratio is the ratio of hours sold to hours spent. Ideally, the ratio should be greater than or equal to 1.
4. Management reporting
As we said above, the table with management reporting is dedicated to the company's revenue, expenses and profit. For each quarter, there is a planned and actual amount.
The table shows profit and revenue by month. We break down revenue by items:
payments come in the second half of the month;
January is always a bad month for income, while October and November are profitable.
Previously, we divided expenses and income equally by months and weeks, but now we have begun to take into account the seasonality of the business.
3. Executive Director's Summary Table
In order for Completo's managers to assess what is happening in the agency, data from all team reports is collected in a summary table. This india consumer email list table is similar to the team table, but it has additional parameters that are of interest to top management:
Due date change history. Sometimes we don't manage to close a task on time, and the due date gets pushed back.
Payment information: how many days have passed between signing the act and paying for the service. If more than 60 days, the management has questions.
Last act date. Needed when there are multiple JIRA issues for one service. This is against our workflow, but it happens sometimes.
Work Ratio is the ratio of hours sold to hours spent. Ideally, the ratio should be greater than or equal to 1.
4. Management reporting
As we said above, the table with management reporting is dedicated to the company's revenue, expenses and profit. For each quarter, there is a planned and actual amount.
The table shows profit and revenue by month. We break down revenue by items: