Posts

Employee Tax and Benefit Budget for a Retail Company Example

What is an Employee Tax and Benefit Budget for a Retail Company?

Employee Tax and Benefit budgets are considered an important component of a budget model and are often used by retail chains and store managers to estimate detailed staff-related expenses for the budget. Key functionality in this type of model automatically calculates workforce costs, such as, FICA, FUTA, SUTA, fringes, pensions, profit sharing and so on. It includes both exempt and non-exempt employees. You will find an example of this type of model below.

Purpose of Employee Tax and Benefit Budget Models

Retail companies use Employee Tax and Benefit Budget Models to automate otherwise tedious cost calculations for the staff budget. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its budget accuracy and the easy in which to create multiple scenarios, as well as, reduce the chances of calculation mistakes occurring in the budget model.

Employee Tax and Benefit Budget Model Example

Here is an example of Budget Report for Tax and Benefit Calculations for a Retail company.

Employee Tax and Benefit Budget Example for a Retail Company

Employee Tax and Benefit Budget Example for a Retail Company

You can find hundreds of additional examples here.

Who Uses This Type of Model?

The typical users of this type of model are: HR managers, CFOs, budget managers.

Other Models Often Used in Conjunction with Employee Tax and Benefit Budget Models

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Employee Tax and Benefit Budget Models, along with sales and other operating expense budgets, capex, cash flow plans and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Direct Labor Cost by Manufacturing Process Example

What is a Report for Direct Labor Cost by Manufacturing Process?

Direct Labor Cost reports are considered important production reports and are often used by production and plant managers to determine actual versus forecasted labor expenses for each manufacturing process. Key functionality in this type of report shows day rates and average utilization per team member. Figures are shown both for each month as well as year-to-date. On the top of the report, actual is compared to forecast at the plant level. You will find an example of this type of report below.

Purpose of Manufacturing Process Labor Cost Reports

Manufacturing companies use Labor Cost Reports to easily get both an employee and a plant level view of utilization and labor costs per process. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its labor and process analysis, as well as, reduce the chances that managers don’t easily see the employee expense component of a manufacturing process.

Manufacturing Process Labor Cost Report Example

Here is an example of a Direct Labor Cost by Manufacturing Process report.

Direct Labor Cost by Manufacturing Process Example

Direct Labor Cost by Manufacturing Process Example

You can find hundreds of additional examples here.

Who Uses This Type of Report?

The typical users of this type of report are: CFOs, plant and production managers.

Other Reports Often Used in Conjunction with Manufacturing Process Labor Cost Reports

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Manufacturing Process Labor Cost Reports, along with production dashboards, profit & loss reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Learn More About Solver CPM For Manufacturing

Compensation & Headcount Variance Report Example

What is a Compensation & Headcount Variance Report?

Salary and Full-time Equivalent (FTE) reports are considered employee or HR reports and are often used by HR and other managers to get a complete overview of headcount and compensation status versus plan. Some key functionality in this type of report displays actual and budget FTE figures per department and division for each month of the year. It also shows (not visible in the screenshot below) total compensation per department along with variance from plan. You will find an example of this type of report below.

Purpose of Compensation & Headcount Variance Reports

Companies and organizations use Compensation & Headcount Variance Reports to get a complete month-by-month overview of number of staff members and related compensation costs compared to the budget for the year. When used as part of good business practices in a Human Resource (HR) department, a company can improve its ability to track results of recruiting and retention efforts, and reduce the chances that any important exceptions versus originally planned FTEs and salary expenses are missed.

Compensation & Headcount Variance Report Example

Here is an example of a detailed Compensation and Headcount Variance report.

Compensation & Headcount Variance Report Example

Compensation & Headcount Variance Report Example

You can find hundreds of additional examples here.

Who Uses This Type of Report?

The typical users of this type of report are: HR and Payroll Managers.

Other Reports Often Used in Conjunction with Compensation & Headcount Variance Reports

Progressive Human Resource (HR) department Departments sometimes use several different Compensation & Headcount Variance Reports, along with salary and employee reports and dashboards and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Personnel Headcount Budget Report Example

What is a Personnel Headcount Budget Report?

Personnel Headcount Budget Reports are considered workforce planning tools and are used by budget managers and department heads to plan full time equivalent (FTE) staff levels for the coming year. A key functionality in this type of personnel budget report provides integration with the payroll budget to automatically derive monthly headcount per department. Rows can be expanded to see each employee by department. At the bottom, the report summarizes total Filled and Open positions and grand total headcount. You will find an example of this type of personnel budget report below.

Purpose of Personnel Headcount Budget Reports

Companies and organizations use Personnel Headcount Budget Reports to plan for salary and headcount activities. When used as part of good business practices in a Financial Planning & Analysis (FP&A) and HR Department, a company can improve its workforce-related expenses as well as reduce the risk that staffing levels do not match business plans for the coming year.

Personnel Headcount Budget Report Example

Here is an example of a Personnel Headcount Budget Report.

Personnel Headcount Budget Report Example

Personnel Headcount Budget Report Example

You can find hundreds of additional examples here.

Who Uses This Type of Personnel budget report?

The typical users of this type of personnel budget report are: HR, Budget Managers and Department Heads.

Other Personnel Budget Reports Often Used in Conjunction with Personnel Headcount Budget Reports

Progressive Financial Planning & Analysis (FP&A) and HR Departments sometimes use several different Personnel Headcount Budget Reports, along with payroll reports, dashboards, workforce simulations and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

The information you are reading is more than 2 years old and may be outdated. Read new blogs.

This article will focus on the Top Cloud-based Financial Planning &Analysis (FP&A) Budget Tools for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.

The way things used to be – When I first got into building a budget for a bank, we were using Lotus 1-2-3 spreadsheets that were stored on 5¼ inch floppy disks.  The spreadsheet was basically a 24-month trial balance for each branch or department.  The first eighteen months contained historical balances.  The remaining eighteen months were the forecast for the rest of the current year and budget for next year.
Read more

The information you are reading is more than 2 years old and may be outdated. Read new blogs.

This article will focus on Cloud Reporting for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.


Just what is Cloud Reporting?TechTarget defines Cloud Analytics as a service model in which the reporting and analysis process are provided through a public or private cloud.  These solutions are typically offered under a subscription-based pricing model called Software as a Service (SaaS). Gartner defines the six key elements of analytics as data sources, data models, processing applications, computing power, analytic models and sharing or storage of results. In its view, any analytics initiative “in which one or more of these elements is implemented in the cloud” qualifies as cloud analytics. Read more

The information you are reading is more than 2 years old and may be outdated. Read new blogs.

This article will focus on Web-based Reporting for Banks.
CFO DashboardWho cares about web-based reporting for banks? When we think about reporting for banks, we often think about accountants, controllers, and CFO’s.  According to The Wharton School, accounting is considered the language of business.  The story of any company, no matter the size, the industry, or the country of origin, is told through its financial records and reports. Read more

The information you are reading is more than 2 years old and may be outdated. Read new blogs.

TargetTech defines BI as a technology-driven process for analyzing data and presenting actionable information to help corporate executives, business managers and other end users make more informed business decisions. Gartner says that BI is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and […]

The information you are reading is more than 2 years old and may be outdated. Read new blogs.