Skip to main content

What is Financial Planning and Analysis? How does it help founders?

Hey fellow entrepreneurs!

Ever heard of FP&A and wondered what it means for your business? 

FP&A stands for Financial Planning & Analysis. It's basically like having a financial GPS for your business. ️ It helps you:

** Plan your future:**

  • Set realistic goals and budgets.
  • Forecast revenue and expenses.
  • Identify potential risks and opportunities.

** Analyze your performance:**

  • Track your progress towards goals.
  • Identify areas for improvement.
  • Make data-driven decisions.

** Optimize your finances:**

  • Allocate resources efficiently.
  • Manage cash flow effectively.
  • Maximize profitability.

So, how does this benefit you as a founder?

  • Peace of mind: You'll have a clear understanding of your financial health and future prospects.
  • Better decision-making: You'll be able to make informed decisions based on data, not just gut feeling.
  • Increased efficiency: You'll be able to allocate resources more effectively and avoid costly mistakes.
  • Improved performance: You'll be able to track your progress and make adjustments to achieve your goals.

**Think of FP&A as your secret weapon for business success! **

Want to learn more? Drop a comment below and let's chat! 

You can also find us on Instagram and Facebook. 

#FP&A #FinancialPlanning #BusinessGrowth #Entrepreneurship #CPA #InstaInfluencer #charteredaccountant #accountingtips #entreprenuers #arthabicharnepal #learnwithnirmalaryal #founder

Labels

Labels:

Comments

Post a Comment

Most Viewed

Tax Collection Agency codes for IRD Offices all over Nepal

Inland Revenue Department Nepal has published the agency codes that shall be used for the collection of direct and indirect taxes for the general public's information. Each code consists of 9 numbers. There are in total 59 agency codes currently in use. From these codes, we can classify that there are four types of IRD offices currently in operation. 1) Inland Revenue Office 2) Tax Payer Service Office 3) Large Tax Payer Service Office, and 4) Medium Tax Payer Service Office When shall you use these codes? It shall be used while choosing the agency where the tax should be deposited while completing the form for depositing the taxes. Agency Code list below: S.N. Agency Code Name Address 1 305011620 Inland Revenue Office Lahan 2 305030201 Tax Payer Service office Phidim 3 305030301 Tax Payer Service office Illam 4 305030401 Tax Payer Service office Khandbari 5 305030601 ...
1 comment
Read more

Windfall Gain Tax (आकस्मिक लाभमा कर) per Nepal Income Tax Act

Nepal's Income Tax Act defines Windfall gain as a gain obtained by means of lottery, gift, prize, tips, share of earning in a game (जितौरी)  or any other gain acquired incidentally.  Let us explain by example what can potentially be Windfall Gain.  1) Let's say apple recently launched a iPhone 14 in Nepal. Part of such launch, company offered its customer who buys iPhone, an iPad for free. The market value of the iPhone is Rs. 214,000 and that of iPad is Rs. 189,000. In such case, customer who received Rs. 189,000 worth of iPad without any additional cost will be considered a prize hence, a windfall gain. 2) Recently DRS gaming won US$ 292,000 (approx. Rs 4 crore) for being runner's up in the grand finals of the PUBG Mobile Global Championship. Let's assume here that DRS gaming has not been registered as a company but simply represented by individuals. If I am not mistaken, there are 4 members in the team. So, each individual will have won Rs. 1 crore as share of earni...
Post a Comment
Read more

Maximizing Tax Benefits: Understanding Insurance Premium Deductions in Nepalese Income Tax

Question:  If an employee is not enrolled in any retirement fund but has paid 40,000 for life insurance or 10,000 for health insurance, should these insurance payments be subtracted from their taxable income or not?  (this was posed in one of the facebook group) Answer:  Regardless of whether an individual has contributed to a retirement fund, they remain eligible to reduce Rs. 40,000 for life insurance and Rs. 10,000 for health insurance from their taxable income. You might be wondering how?  Let's delve into the deductions permitted by the Nepalese Income Tax Act, 2058, regarding life, health, and property insurance premiums. This blog should help you understand how insurance payments can impact your taxable income. 1) Life Insurance Deduction: For residents holding life insurance, you can claim a deduction of up to Rs. 40,000 or the actual annual premium amount (whichever is lower) from your taxable income. Refer to Annex-1, Clause 12 for this provision. 2) Health...
Post a Comment
Read more