The Revenue Cycle
The Revenue Cycle – from Booking to Cash Properly modeling the conversion of sales to cash is a critical part of creating an accurate financial model for budgeting and forecasting purposes. This requires modeling all of the stages of your revenue cycle – from the booking of sales to the collection of the cash associated with each sale. The accuracy of the modeling will directly impact your forecasted P&L, Balance Sheet, and Cash Flow Statements. Typically, the revenue cycle can be modeled using four stages: Booking, Revenue...
read moreChart of Accounts – Best Practices
Chart of Accounts – Best Practices The General Ledger (GL) account numbers set up in Adaptive Planning (AP) as the Chart of Accounts (COA) not only define the level at which you can model financial activity, but also the level at which you can import actual data from your accounting system. So spending the time up front to think through your needs and build your Chart of Accounts accordingly, is certainly worth the time and effort. So here are some tips… First of all, be sure to use a “clean” copy of your Accounting System COA. ...
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