Bottoms up Budget Facilitation is a 📝Weekly Accounting service that moves a company from 📝Tops Down unified budget management to a distributed, 📝Bottoms up process in which departments manage their own hiring and expenses.
The transition typically comes as a company approaches and raises its Series B. It is a big change, and it can involve enough work that it often means hiring a 📝Financial Planning and Analysis person and implementing a more robust planning package such as 📝Cube Software.
Setup defines the budget implementation and communication process in a Google Slides presentation and implements Cube Software as the planning platform.
Ongoing work includes meeting one-on-one with budget owners to review and refine their annual budgets until complete; building a departmental budget-to-actual presentation and rolling each department into one page of the company-wide budget-to-actual presentation; integrating hiring priorities into the budget; maintaining a bottoms up forecast and explaining variances from budget in a monthly budget report; meeting with each budget owner at least monthly; being available in Google Chat for questions; and maintaining and improving the 📝Integrated Financial Model (IFM)'s ability to forecast and oversee quality accounting. Future development would integrate key metrics into the bottoms up platform.