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Your Path to a Stress-Free, Successful Year-End Close in Real Estate and Property Management?

Insight Software

Unearned income from tenants: Challenge : Accurately accounting for unearned income from tenants, particularly in commercial and retail spaces with advanced rent payments or lease incentives. Leverage formulas for preparation and submission of required financial statements and reports.

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Financial Forecasts vs. Projections: 3 Essential Differences

Insight Software

Because this is a theoretical scenario, an exploration of something that might possibly happen, the resulting financial analysis would be deemed a “projection.”. If your organization wants to improve its capabilities in financial analysis, learn how insightsoftware can help you exercise control over your financial planning today.

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11 Financial Model Examples & Templates for 2021

Insight Software

Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. As a finance professional, you’ll need different types of financial analysis and modeling for different situations. Financial Modeling Makes You A More Strategic Analyst. Valuing the company.

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Planning vs Forecasting: Four Key Differences

Insight Software

It’s not necessarily wishful thinking per se; financial planning is aspirational insofar as it embodies an organization’s goals and objectives. It should be realistic, and to that end, it should encompass a set of facts that support the achievement of the organization’s goals.

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Four Benefits of Scenario Modeling in Excel

Insight Software

We know of a manufacturer of retail store fixtures, for example, whose orders plummeted following the initial closures of early 2020. The manufacturer responded by shifting to the production of acrylic barriers for cashier stations, customer service desks, and private offices, where it was impossible to avoid person-to-person altogether.

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From IT Dependence to Ad Hoc Reporting: Why and How

Insight Software

In most organizations, the IT department is kept busy, so there can often be a backlog of service requests, leading to long delays. Unfortunately, these tend to fall short of the mark when it comes to usability and robustness for financial reporting. Most accounting and ERP systems come with their own built-in report writers.