A financial execution step that includes the following:
- Integrate financial planning with IBP & S&OP
- Ensure accounting work supports IBP & S&OP
- Ensure proper data structures are set up
- Assess changes to systems and processes
- Plan changes required
- Execute planned changes
- Post change review
These are accounting execution steps that includes the following:
- Prepare & report year end financial accounts
- Prepare & report monthly management accounts
- Accounts receivable admin & debt collection
- Accounts payable admin & procurement control
- Payroll preparation & administration
- HMRC processes & returns (VAT, RTI, IR35, CIS)
- Data & Reporting (see following slide)