Financial Tracking Tools
These are general operation
forms we use to manage our financial information. As stated below
it is extremely important to create an annual projected budget. The
budget forms and the weekly cash flow form allow you to monitor cash flow and make necessary decisions to keep
you business running at the optimum level. Without keeping track of these numbers and changing your operation
when necessary, it is almost impossible to run your office as a turnkey business.
1. Expense Report
This is a general expense report the any
employee may use if they need to request reimbursement. This form
is approved by the manager and then the bookkeeper will issue the check.
2. Petty Cash
We have three locations that all maintain a
small petty cash fund for either emergency supplies or to make change if someone purchases any
products. The petty cash is balanced at all locations on a monthly
It is extremely important to create a
projected annual budget for spending and income. This is a
relatively long and complicated process and can take up to two months to prepare without the right
tools. If you have a significant difference between your actual
spending and your projected budget, be sure to determine why caused it and make necessary changes or monitor
based on your needs.
4. Weekly Cash
This document helps us to
manage what bills are being paid weekly as well ongoing payments.
This allows for a quick glance at your budget weekly compared to your income.