Finance Standard # 4: Budgeting

Budgeting makes sure we can sustainably achieve our plans, and keeps us accountable. Because without budget you are like a pilot in dark.

This standard helps you with how your budget and budgeting process should look like.

Checklist:

> All MC and LC budget is created for each 1 year/term with monthly structure.

> Structure of costs and revenues is aligned with AIESEC international Profit and loss statement.

> Budget is approved by Board* of LC/MC before the beginning of the term.

*Board are people legally responsible for the entity.

> Real budget is updated at least every month.

> Budget is updated/re-planned or a proper forecast id done for next quarter at least once per quarter.

> All events with turnover more than 50% of budget (such a conferences etc) has a separate budget.

> LCs' and MC's budgets are planned in profit.

> National pricing model (all LCs in the same entity have the same prices for the same services).

> New Customer Flow is implemented.

 
 

Budget template

Are you looking for a standardised budget template, which will allow you to track everything you need? Use our template! It is aligned with the structure of GFB survey, so you won't have any problems with filling it. Standardisation of tools allow us to simplify the education and lower the time for search for help.
CONTENT: PPT I WEBINAR

Cashflow management

The second most important thing after having your budget is to have a cashflow predictions and tracking tool. Statistics have proven that this is the most stressful thing in being VPF in AIESEC. 
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Pricing strategy

Are we cheap or expensive? Do we charge to much or too little? Why our price is relevant for our customer? These materials will help you to answer these questions and guide you through pricing assessment for your entity. 
CONTENT: PPT I WEBINAR

Finance model

Very discussed topic - Financial Model. How to create the right one for your entity? What is it about? 
CONTENT: PPT

Distributional model

Do you want to discover what are the different options how to share costs for MC services? Which rules should you keep in mind? This and more is in following materials!

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ERASMUS+ and EVS

Are you looking for financial support for your MC members or large exchange projects? Check if you can get financial resources for European Union!
CONTENT: PPT I WEBINAR

New Customer Flow

What is role of VPF in the implementation process of New Customer Flow? Where are you the most important? What does it require from you? Check in which steps of the checklist you are needed!
CONTENT: PPT I WEBINAR

Fundraising

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