Annual Operating Plans and Financial Strategies Budgeting
Make Clear, Actionable Goals For Your Business
Why You Need An Annual Operating Plan
Creating a clear, actionable Annual Operating Plan (AOP) is essential for optimal efficiency in your business. An AOP is a framework that clearly outlines the allocation of your business’s resources. These include (but are not necessarily limited to) financial resources, human resources, and physical resources. With a clear strategy and achievable goals, you can meet and even exceed your annual objectives.
Digits Dynamic’s Accounting Services
Your Dedicated Accounting Manager is responsible for managing Staff Accountants to ensure that transaction processing is completed in a timely and accurate manner. This includes reviewing financial statements to ensure accuracy, reconciling general ledger accounts, and assisting in complex accounting and analyses for the Controller.
How we help
- Accounting Staff Supervision
- Journal Entries / GL Reconcile
- Bank Accounts
- Basic Collections
- Accounts Payable
- Accounts Receivable
- Payment Processing
- Bank Account Reconciliation
- IRS Compliance
- GAAP Compliance
- Annual Operating Budget Review
- 401(k) Saving Distribution
- Financial Document Audits
Inside An Annual Operating Plan
Objectives
Define the most important goals for your business regarding achieving your Year-over-year (YOY) revenue profit targets.
Resource Allocation
Align (and possibly adjust) your annual budget to create the most efficient spending strategy to meet your AOP objectives.
Quality Controls
Identify inefficiencies and develop remedial initiatives that increase both product quality and improve the quality of employee deliverables.
Progress Reporting
Track and report the progress on your KPIs. Use progress reporting tools including calendars, SaaS project management tools, and even regularly scheduled meetings.
Activities
Outline priority tasks and allocate your human resources (employee work hours) to set tasks.
Timelines
Set realistic deadlines for your employees’ various activities and tasks.
Targets
Determine which Key Performance Indicators (KPI) you will use to measure progress throughout the year. Identify “leading” KPIs that will inform future progress, compared to “lagging” KPIs that confirm patterns from historic data.
Team Cohesion
Keep your team/employees up to date and on the same page with weekly meetings focused on KPI progress and track their progress on a regular basis.
Tackle Project Implementation With Digits Dynamic
Fostering consistent growth of your business is contingent upon the successful implementation of a well-developed Annual Operating Plan (AOP) that is both realistic and challenging.
Digits Dynamic specializes in strategic financial services including Annual Operating Plan development and project implementation. We can help with the most granular, specialized projects as well as broad, overarching business objectives.
Why You Should Be Outsourcing Your Strategic Financial Services
Creating a comprehensive annual operating plan does not need to feel overly daunting or time-consuming with the help of Digits Dynamic. Our vast network of accounting specialists, including interim CFOs, Controllers, and Staff Accountants, have decades of experience. No matter what field your business is in, our expert consultants can craft detailed financial strategies and AOPs that are up to date with the latest industry standards and technological developments.