How do you train your non-financial department managers to execute the financial plan and stay on track?
In this post and short video, we’ll review tactics to train your managers in budget responsibility so that they can own their numbers.
Keys to Success
- Good financial training for your departmental managers comes in the form of education, communication, and access to information.
- Start by setting the proper expectations for your managers. Tell them what you need, when you need it, and how they can deliver.
- Purchase orders are critical to ensuring budget responsibility. Managers need to review and approve expenses before they are incurred so that they can properly manage their budget.
Do This Next
- Learn about the Beer Business Finance Association. A network of beer wholesalers working together to share ideas and best practices to improve business financial results.
- Watch the short video below: Tactics to Train Department Managers in Budget Accountability