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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

Non-commissioned Staff Payroll Budget for Retail Companies Example

What is a Non-commissioned Staff Payroll Budget?

Non-commissioned Staff budget forms are considered employee payroll planning templates and are often used by retail chains and store managers to plan all the details related to compensation budgets for non-commissioned salaried employees. Key functionality in this type of model captures all the details of a retail staff budget. This includes hire/termination dates, full time employee (FTE) count, salary and increases, bonuses, taxes and benefits. It has separate sections for exempt and non-exempt employees. At the bottom of the form, the manager can enter information for new hires. You will find an example of this type of model below.

Purpose of Non-commissioned Staff Budget Forms

Retail companies use Non-commissioned Staff Budget Forms to make it easy for regional or store managers to capture detailed employee budgets. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its budget accuracy and future staffing plans, as well as, reduce the chances that performance of a retail location is affected by poor planning.

Non-commissioned Staff Budget Form Example

Here is an example of detailed budget input form for Non-commissioned Staff Members in a retail organization.

Non-commissioned Staff Payroll Budget for Retail Companies Example

Non-commissioned Staff Payroll Budget for Retail Companies Example

You can find hundreds of additional examples here.

Who Uses This Type of Model?

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

Other Models Often Used in Conjunction with Non-commissioned Staff Budget Forms

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Non-commissioned Staff Budget Forms, 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

Commissioned Staff Payroll Budget for Retail Companies Example

What is a Commissioned Staff Payroll Budget for Retail Companies?

Commissioned Staff budget forms are considered employee payroll planning templates and are often used by retail chains and store managers to plan all the details related to compensation budgets for commission-based employees. Key functionality in this type of template captures all the details of a retail staff budget. This includes hire/termination dates, store revenue allocation to the full time employees (FTEs), salary increases and more. At the bottom of the form, the manager can enter expected new hires. You will find an example of this type of template below.

Purpose of Commissioned Staff Budget Forms

Companies and organizations use Commissioned Staff Budget Forms to make it easy for regional and store managers to capture detailed employee budgets. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its budget accuracy and future staffing plans, as well as, reduce the chances that performance of a retail location is affected by poor planning.

Commissioned Staff Budget Form Example

Here is an example of detailed budget input form for Commissioned Staff Members in a retail store.

Commissioned Staff Payroll Budget for Retail Companies Example

Commissioned Staff Payroll Budget for Retail Companies Example

You can find hundreds of additional examples here.

Who Uses This Type of Template?

The typical users of this type of template are: Store managers, regional managers, HR managers, CFOs, and budget managers.

Other Templates Often Used in Conjunction with Commissioned Staff Budget Forms

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Commissioned Staff Budget Forms, 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

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This article lays out your options for modern financial consolidations solutions to take Microsoft Dynamics NAV processes to the next level for retail organizations.

There are plenty of Microsoft Dynamics NAV retail users who are managing a parent company’s financial portfolio with one or more subsidiaries.  Combining transactional and operational information from a number of entities, at times with multiple currencies, can be a challenge without a modern financial consolidations tool.  As the size and significance of data continues to grow, organizational decision-makers nearly require a software that can assist in consolidating data into a unified set of financial statements.  If you’re relying on Dynamics NAV for your retail business, this article will aim to lay out your options for a business user friendly, powerful consolidations solution.
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This article will discuss your options for the best financial consolidations solution to expand your Microsoft Dynamics AX experience as a retail company.

There is a population of retail Microsoft Dynamics AX users who are overseeing the financials for a parent organization’s multiple subsidiaries.  Aggregating operational and transactional data from multiple entities, sometimes with more than one currency, can be challenging without one of today’s financial consolidations solutions.  As the amount and importance of data steadily grows, corporate decision-makers can’t avoid needing a solution that can help consolidate information into a singular set of financial reports.  If you are using Dynamics AX as a retail company, this article will hopefully help you familiarize yourself with options for an easy-to-use, dynamic consolidation software.
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In this article, Retail budgeting and forecasting will take center stage, specifically for Microsoft Dynamics NAV users seeking today’s planning features and functionalities.

Whether you are budgeting, forecasting, or comparing what-if scenarios for your organization, historical actuals and projected figures are required so you can strategize particularly for your retail company, maneuvering through challenges and opportunities in the upcoming months and years.  There are plenty of solutions that are impactful for retail organizations to upgrade planning procedures with Dynamics NAV, whether you elect to build your own process, depend on NAV’s built-in budgeting functionality, or go with an independent software vendor (ISV) tool.  This article will explore the most popular options for modern budgeting, forecasting, and modeling, particularly to meet your retail planning goals with Microsoft Dynamics NAV.
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If you are a retail company and use Microsoft Dynamics NAV as your accounting system, this article will discuss modern, powerful financial reporting software options.

Financial reporting is perhaps the cornerstone of Business Intelligence (BI) analyses as they quantify a company’s financial health in what should be an easily digestible set of operational and financial reports.  Business is moving so fast these days, and Retail is exactly the same.  Accounting systems, like Microsoft Dynamics NAV, usually provide built-in financial reporting functionality.  But with consumer demands for complex, richer data analyses – and reporting that is specific to your industry – the native report designer is typically subpar for end user objectives.  In this article, we’ll explore independent software vendor (ISV) offerings for dynamic, easy-to-use, and modern financial tools that provide Retail companies the analytics they require to make informed decisions about the future.
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This article covers budgeting and forecasting for Retail companies that rely on Microsoft Dynamics AX, with a specific look at modern feature and functionality offerings.

No matter if you are budgeting, forecasting, or analyzing what-if scenarios for your company, they all consist of historical actuals and projections, so you can plan specifically for managing your retail organization, circumventing obstacles and maximizing your momentum in the coming period.  There are several tools that can assist retail companies using Dynamics AX to expand their planning processes, whether you choose to craft your own method, rely on the native Dynamics AX budgeting function, or opt for an independent software vendor (ISV) solution.  In this article, I’ll discuss your top options for today’s budgeting, forecasting, and modeling, specifically to meet your retail planning objectives with Microsoft Dynamics AX.
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If you’re part of a Retail organization’s finance team and you’re using Microsoft Dynamics AX for your accounting processes, this article is for you, discussing your financial reporting software options.

Financial reporting is arguably the centerpiece of Business Intelligence (BI) analytics as they summarize the financial health of an organization in a hopefully easy-to-read set of financial and operational statements.  Business is moving at quite a rapid pace today, and Retail is no different.  Enterprise resource planning (ERP) systems, like Microsoft Dynamics AX, typically offer financial reporting functionality built right into the program.  However, with the need for more complex, robust data analytics – and now, industry-specific reporting – the native report writing usually falls short of consumer needs.  This article will discuss your third party options for modern, powerful, and business user friendly financial reporting solutions, offering Retail organizations the information they need to make stronger decisions about the future of their company.
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This article will discuss the functional and flexible KPI analytics to think about when selecting a powerful, business user friendly retail dashboard solution for your Microsoft Dynamics AX experience.

Is it surprising to you that dashboards are the number one solution in the Business Intelligence (BI) marketplace?  Probably not. Gartner’s 2013 study on Financial Executive International CFO Technology reported that dashboards, scorecards, and performance management solutions are the number one priority for executives today.  The modern retail business moves faster than ever, and dashboards offer easy-to-read, quick-to-digest data analysis.  More specifically, dashboards are charts, graphs, and scorecards that showcase organizational trends, successes, and challenges with key performance indicators (KPIs), whether focusing on a project, a department, or looking at the whole organization.
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