Self-Balancing Balance Sheet

Organisations often struggle to create forecasted self-balancing balance sheets. Because many use manual and decentralised systems, future balance sheets often become high level approximations.

The Mondelio Balance Sheet module maps every forecasted Profit & Loss account to the balance sheet account that it impacts, so that every time the forecasted Profit & Loss changes, it updates the balance sheet as well. For example, the future debtor balance changes as revenue increases or decreases.

The forecasted CapEx and Loans modules are also mapped to this module, so that future asset purchases, accumulated depreciation and current and non-current liability balances feed directly into the Balance Sheet.

Valcorp Chief Financial Officer, Ray Copland, said "We needed a solution that would integrate the sales forecasting data in with procurement decision making which would then automatically lead through to our financial cash flow and balance sheet planning and reporting."