Get an error-free and accurate profit budget – fully automated

The profit budget is a time-consuming task – but not with InfoSuite

The profit budget – also known as the operating budget – is a crucial element of budgeting because it provides an overview of the objectives for revenues and expenses. However, the process of preparing the income statement can be a labor-intensive task.

As the name suggests, the income statement is the result of your company’s overall budgeting. Therefore, if you’re working with spreadsheets, you must manually sum and consolidate the entries from the sub-budgets into the income statement. This creates duplicate work. Unfortunately, it’s necessary double work without a dedicated budgeting system like InfoSuite, which automates the process.

Here’s how to avoid duplicate work

With InfoSuite, you can enter your budgets at the exact level of detail you desire, and you control whether you want to input budgets by day, week, month, or total for the year.

Smart integrations between sales, payroll, cost, and other sub-budgets ensure that your income statement is always automatically updated on the correct account types. Similarly, the individual sub-budgets are automatically consolidated immediately after the departments have entered their budget items. This means you can completely avoid manually summing your budgets into the overall income statement.

At the same time, each department has the option to attach comments to individual budget entries, giving you a clear insight into the calculations behind the overall income statement.

Database-driven budget proposals give you an accurate income statement

InfoSuite is built on our ETL engine, which continuously activates data in your budgeting – making it easy to enter budgets.

You receive qualified budget proposals based on historical data and realized figures covering everything from sales revenues to operating expenses. This allows you and your colleagues to quickly complete budgets based on factual information.

It creates a natural synergy between budgets and accounts, providing optimal opportunities to manage finances toward a better bottom line.