Joseph Cox

[The Secret CFO @SecretCFO]

It’s Q4.

That means one thing. Corporate Budget Season.

A good budget process should drive better business performance.

It’s a center of gravity for business performance. A true North when things get hard.

But to understand the budget process, you have to understand how it fits into the wider Financial Planning and Analysis (FP&A) cycle.

The FP&A cycle is made up of five core process:

The processes at the top of the table are more strategic, and get more operational towards the bottom.

But it’s how they work together that is most important.

They come together to form the annual cycle.

One process hands off to the next.

Back to the budget.

It’s about alignment of targets; from the top of the business in the board room, all the way down to the shop floor.

It’s simple to build a budget from behind a desk, that no-one buys in to. It’s also useless to anyone other than you.

It’s also simple to build a budget that gives everyone a target they have set themselves. But it won't make sense when you add it up.

A good budget process gets that tension just right. Perfectly balanced, just like a tennis net.

You have to have the whole business wedded to the individual targets in a budget, and still have it add up to the numbers you need overall. That is hard.

As a result, budgets are more about people than numbers.

A finance team that starts with that mindset, will write a better budget than one that doesn't.

I’m going to run a series of tweets over the next few weeks breaking the process down in more detail.

[Joseph Cox @cox_joseph]

@weare1of100 Yes, give me a shout 😂

[Ecommerce Accountants @ECommAccountant]

Join us on Thursday to discuss #Amazon prime day and how to make the most of it. We will be talking to Michael Dan from Sitruna and answering your questions live!

Use the link below to register
https://t.co/Ro2rdCpsSy

#amazon #amazonseller #primeday #webinar

[Ecommerce Accountants @ECommAccountant]

Thinking about selling in the USA and have questions about US sales tax? Already selling and worried that you haven't been keeping compliant?
Join us on our FREE webinar with US Sales tax experts Ampersand Accounting.
Register here using our link https://t.co/dAIKaOpqvm

[Joseph Cox @cox_joseph]

@nsdoogs @flightfac Agreed Dooguy, very much looking forward to hearing it

[Karbon @karbonhq]

Got the travel bug? @cox_joseph, Founder and Managing Partner at @ECommAccountant, can relate. 

Join us this week on the podcast as we chat about Joe’s experience at Karbon X and the story behind his professional journey into ecommerce. 🎙
https://t.co/bMllURW2Mn

[Ecommerce Accountants @ECommAccountant]

Great weekend at the Karbon X Event in Lake Tahoe June 3 - 5 2022!

[Ecommerce Accountants @ECommAccountant]

If you're an Amazon Seller, you might be wondering what to do about Amazon's recent announcement on its change in PSP policy. We've digested it for you here: https://t.co/fFWryNvosB #amazon #ecommerce #amazonsellers

[Joseph Cox @cox_joseph]

@ohlauro If you're thinking of buying a Ring doorbell it's worth watching this for some additional context on the data they (Amazon) are collecting and who might be accessing it (now or in the future): https://t.co/CEBvgu3v2k

[Joe @theholborncab]

Quick G&T before we go on air with the lovely @VanessaOnAir 😊
Listen in if you can 👍🏻😉

[Joseph Cox @cox_joseph]

Hahaha SO TRUE

[Laurence Everitt @lpeveritt]

Sounds like a quote from Wrath of Khans. Can't help but read it in the voice of Dan Carlin from @HardcoreHistory

[Joseph Cox @cox_joseph]

Here at Amazon's UK HQ for the @ScaleForEtail Online Seller Meetup!

[Ecommerce Accountants @ECommAccountant]

Our first look at our new office!

[Joseph Cox @cox_joseph]

Almost completely forgot to say, but thank you for taking @ECommAccountant to lunch last week @ReceiptBank ! Looking forward to being neighbours once we move into @WeWork next week!

[Ecommerce Accountants @ECommAccountant]

Do you own an #Ecommerce Business, based in the UK? Here are four things you need to consider before the end of the personal tax year on April 5th 2018. https://t.co/6oAW5RzRLX

[Joseph Cox @cox_joseph]

@OfficialFPL U GD M8?

[LFB LAMBETH @FireLambeth]

#WestNorwood firefighters making history! More women than men tonight! #strongwomen @LondonFire @itvthismorning

[Louis Loucaideso @louisloucareal]

@cox_joseph

[Joseph Cox @cox_joseph]

@louisloucareal Prove you're the real Louis Lou.. JOLO!!

[Joseph Cox @cox_joseph]

Last time I use @Ryanair, just been caught by their sneaky check in baggage charge and had to deal with the hassle of PRINTING boarding pass