End-of-the-Year Budgeting Missteps to Avoid
Here are five budgeting missteps to avoid
Previous Year’s Budget Comparisons
Forgetting technology in forecasting years
Don’t forget about those technology subscriptions and computer warranties. Those also need to be added in the forecasts. This is yet another feature that’s impossible with spreadsheets because you can’t build in budgets. Spreadsheets can only manage data, and does so with limited manipulation abilities. On the other hand, GovMax does it all with the least effort. By considering the previous years’ patterns in technological expenditures for different departments, you can keep your budget in line with the annual capital planning.
These five missteps may seem obvious to avoid but can throw your entire budget and forecasts out of alignment if not taken into consideration. You may want to evaluate how your current budgeting solution helps to streamline your budgeting process and avoid these common missteps. We’ve made it easy for you to understand what to look for in a government budgeting solution with this list of four key features that you should expect in a solution.
To discuss your agency’s specific goals and see how GovMax fits with your requirements, email firstname.lastname@example.org and schedule a demo.