Operational financial planning consists in drawing up a payment calendar, a cash plan, calculations in the need for a loan. Thanks to the process, it becomes possible to make payments in a timely manner, control the movement of money within the company and outside it.
Operational financial planning is an addition to the current one. The procedure is launched to control the receipt of actual proceeds to the company's account, to ensure the financial success of the enterprise. To solve problems, objective information is used, taking into account economic development trends, inflationary processes, and possible adjustments in production technologies.
Operational financial planning includes drawing up:
- payment calendar;
- cash plan;
- calculating the need for a short-term loan.
Payment schedule
This is a form that describes in detail the turnover of finance through the settlement, currency and other accounts of the company. The use of funds based on this data can be planned taking into account all the time frames. This allows you to make settlements, make payments in a timely manner to various government funds.
The calendar is drawn up for a month. Information can be broken down into shorter time intervals. The terms and volumes of such a form are determined taking into account the frequency of the main volumes of finance. Thanks to the document, you can effectively control the spending of funds in difficult financial situations, crises.
Cash plan
It is understood as a plan for the movement of cash through the settlement department of the enterprise. It ensures timely receipt of financing by banks, allows monitoring their movements. The cash plan, in contrast to the calendar, is drawn up for one quarter.
The cash plan has four main sections:
- source of cash flows;
- costs;
- salary payments;
- salary calendar for previously determined dates.
When submitting a document to financial credit institutions, the balance of cash is recorded, various limits are set. When interacting with commercial financial institutions, cash turnovers are calculated. The data is transmitted to various authorities and to the Central Bank of the Russian Federation. In the latter, a forecast of turnover for the country is formed.
Calculation of the need for a short-term loan
This planning section is relevant if the company needs a short-term loan. The calculation includes calculating the size of the loan, the amounts required to return to the bank in the end. The efficiency of the credited event and the expected revenue are taken into account. The latter must ensure compliance with the payment schedule to exclude penalties.
The final stage is the preparation of an analytical summary note. It draws conclusions about the planned provision of the company with finances, the sources of their formation.
Thus, planning is an integral part of management activities. It allows you to concretize the development goals of the company, to correctly distribute financial flows. With the help of plans, an enterprise can quickly and without errors determine the amount of financial resources required to support current activities, establish the sequence and timing for individual financial transactions.
