• There are times when the head of the company needs accurate data on the functioning of the company and its departments. Existing records do not provide accurate data. Business processes are listed in different programs and ways, but the company's overall financial position is not understandable. • Let's help you organize financial data entry and accounting. • Let's negotiate with each management about the company's characteristics and create custom financial reporting forms. • Let us create a common financial accounting system. If necessary, we will introduce the accounting and accounting programme that is best suitable for the company.
• Let's create a database. • There are times when you export data from different programs, the data is incomprehensible, unusable, and different. • There are times when the company's employees make different reports, and they cannot be joined and seen together. • You need to organize your data into a single database. • consolidate the data into a single database so that it can produce common and individual reports. Have a single company database. • Let's create a code to send data from a web page or phone application straight to the database. And the database is synchronized with the reporting model. This creates an online financial statement.
• The BI tool has become popular today, but in most cases it is visual beautiful graphics that cannot be traced to financial positions. • BI visual data is generated from the database. So what the database will look like will be BI visualization data. • BI standard systems are not flexible and not tailored to specific business needs. • BI systems are made up by IT professionals, not by the financiers. • We are financiers and together we will create a custom, visually fast and specifically traceable BI model that will help you analyze financial and business reports.
• As the turnover of the company grows during the season, financial records often remain in the second plan. At this point, financial accounting is lost because it is no longer a priority. There are times when the season ends, the company sees that the expected profits have not been achieved, but to understand what is no longer possible – financial accounting has been lost. • help restore and improve financial accounting. Let's take on completing your reports for the company and create visible financial analysis tools. • Cash flow accounting, forecasting and control. • Engagement of funding by transferring customers to current funds in factoring. • Negotiating with creditors to stabilise cash flow.
• Financial management, as a short-term service, is not productive, as the financier needs to look into and understand the specificities of the company. And all the more, we need to figure out a development plan, a model. • Therefore, in order to ensure that the financial management service is high-quality, we look into the specific business characteristics of each company and plan the cash flow, and recommend how we should take action to ensure that there is always an adequate amount of money in the company. • What is the most important financial management? It's the adequacy of money in the host.
• A budget is needed to keep track of your business and control it. The budget is a digitally converted business plan. For the budget to be accurate and to be able to model and evaluate the different business scenarios, a budget model is needed. The budget model is a mathematical model that allows you to model different business scenarios and is required to draw up a business plan. Let's create a company budget model. • In order to attract business financing, a business plan, including product, market, competitors, etc., is also required without a budget. Let's create a business plan for your business.
• The financial accounting model is a digital business. The model allows you to understand how changing a single digit (e.g. raw materials or salary) will change profits and cash flow. How the settlement days for customers and creditors will affect the cash flow. Let's understand whether too many funds have been frozen in the warehouse. And otherwise model situations.
• Cash flow is most important for your business.
• Let us help plan our finances so that there are no gaps in cash flows and a lack of money.
• Accounting in the company starts with a warehouse. As accurately as it is entered, write-downs and cost estimates are so accurate. When entering a warehouse, it shall be entered according to the existing codes on the packaging or assigned its own identification codes. At this point, the warehouse starts to be grouped. • Let's help you keep track of your warehouse.
• The biggest problem in financial accounting is discipline, order and understanding. It should be noted that accounting is collective work and everyone needs to be involved. First and foremost, the driver must set priorities. The accounting officer and the managing officers must be involved. If the accounting officer is indifferent and there is no time for the employees, there will be no financial accounting. The company will never have accurate financial accounting.
• You can obtain data from an accounting program or from different accounting programs for employees. Before the accounting officer enters invoices, salaries or income, it must understand how and to which accounting accounts to post. You need to understand what prints can be exported from.
• Exactly entering data is critical to your business. Because what data will be entered by employees will see such data in business reports and accounting models.
• The establishment of a database has two obstacles to overcome, namely the volume of data and the collection of data from accounting and accounting programmes. The higher the amount of data, the more time you want to spend when you arrange the data. All the data comes from the accounting programmes, so that they are appropriate, must be entered accurately.
• The next challenge is to consolidate data and multiple databases. SQL, PowerBI, and other programs will only work accurately with relationship databases. But in most cases, the databases to consolidate are completely different and have been exported from different systems. So, the first step is to create a balanced database that can later be processed with SQL and PowerBI.
• You may be able to export data from an accounting program to MS Excel in a very unusable form, so if you need to create your own algorithms as using Excel formulas, you can step by step modify unusable data into a usable MS Excel database. Therefore, a uniform accounting form should be developed.
• When developing a database form, you need to understand what you want to see in the final report (how detailed).
• The security of the database must also be taken into account. So that there is no free approach for everyone to add or change something when the data is entered by the employees involved. The database is the most important thing and must be safe.
• Financial accounting often ends with MS Excel because it is a very convenient and widely used program where most users don't even know the capabilities of this program. The only barrier is the amount of data. Only 1 048 576 lines. And the other guy is the comptroller's ability to work. If the data exceeds MS Excel capabilities, the following similar programs are followed as Qlickview, MS Access, Power BI, gramatvedības programs (Navision, Horizon, etc.).
• There are many different data visualization programs and capabilities, but the exact original database is the most important thing in all programs. There are data visualization tools, both separate from the accounting program and integrated into it. Both in the cloud and on the local server. Everything depends on the purpose of use and the knowledge and capabilities of data analysis. Consequently, no accounting programme will result if there is no understanding of its formation, output data and analysis of results.
Ability to quickly understand the state of the company is our advantage.
Financier
