--- title: Plansmith Blog | budgeting (4) description: budgeting | (4) --- [CALL TOLL-FREE 1-800-323-3281](https://www.plansmith.reachproductions.net/project/call-toll-free-1-800-323-3281/) [![Plansmith](https://blog.plansmith.com/hs-fs/hubfs/Plansmith-Logo.png?width=764&height=135&name=Plansmith-Logo.png "Plansmith")](https://www4.plansmith.com) - Solutions - [Budgeting](https://www4.plansmith.com/budgeting/) - [ALM](https://www4.plansmith.com/alm) - [ALM Advisory Services](https://www4.plansmith.com/alm/advisory-services/) - [CECL](https://www4.plansmith.com/cecl/) - [Strategy](https://www4.plansmith.com/strategy/) - [Market Intelligence](https://www4.plansmith.com/market-intelligence/) - Products - [StrategyGPS](https://www4.plansmith.com/strategygps/) - [Compass](https://www4.plansmith.com/compass/) - [BankersGPS](https://www4.plansmith.com/bankersgps/) - Resources - [Blog](https://blog.plansmith.com/) - [Videos](https://plansmith.wistia.com/projects/7qemazkqii) - [Compass Tutorials](https://info.plansmith.com/compass-tutorials) - [Lunch N’ Learn](https://info.plansmith.com/lunch-n-learns) - [Webinars](https://www4.plansmith.com/webinars/) - [About](https://www4.plansmith.com/about/) - [Schedule A Discovery Call](https://www4.plansmith.com/contact-us/) - [CALL TOLL-FREE 1-800-323-3281](tel:8003233281) # Plansmith Blog ## [Gratitude in Crisis Times](https://blog.plansmith.com/gratitude-in-crisis-times) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 9/2/20, 2:36 PM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/coffee-2608864_1920.jpg)](https://blog.plansmith.com/gratitude-in-crisis-times) There’s something about summer that always represents freedom to me. It could be the Fourth of July resonating past the day of, or it could be the warm weather and carefree attitude that comes with it. Maybe it’s the road trips we take and barbecues we host with friends and family. Maybe it’s the trips to the pool or the beach. Maybe it’s the general sense of enjoyment that we try to soak up before the weather gets crisp again. [Read More](https://blog.plansmith.com/gratitude-in-crisis-times) ## [Reforecasting: Planning for Real Life](https://blog.plansmith.com/reforecasting-planning-for-real-life) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 7/17/20, 11:00 AM - [Tweet](https://twitter.com/share) [![reforecasting](https://blog.plansmith.com/hubfs/concept-1868728_1920.jpg)](https://blog.plansmith.com/reforecasting-planning-for-real-life) If COVID-19 has taught us anything, it’s that plans change. For example, I had a cruise booked and paid for, including excursions to play with sea turtles and visit Mayan ruins this spring. Two of my close friends and I were set to venture from Tampa to Cozumel, Belize, and Honduras – live our best tropical lives, if you will. We were supposed to set sail April 19th and return April 26th. [Read More](https://blog.plansmith.com/reforecasting-planning-for-real-life) ## [Managing Consolidated Performance Objectives: Why A Unified Software Platform Is So Important](https://blog.plansmith.com/managing-consolidated-performance-objectives) Posted by [Brett Hendricks](https://blog.plansmith.com/author/brett-hendricks) on 7/8/20, 9:00 AM - [Tweet](https://twitter.com/share) [![financialplanningpartner](https://blog.plansmith.com/hubfs/block-chain-2850276_1920.jpg)](https://blog.plansmith.com/managing-consolidated-performance-objectives) As Plansmith’s ‘budgeting software’ evolved from its onset in the early 1970s, it became referred to as a ‘profit planning model.’ This distinction was made because it was much more than just balances on a spreadsheet or basic historical trends cast forward for the next year. [Read More](https://blog.plansmith.com/managing-consolidated-performance-objectives) ## [Planning In Crisis Conditions](https://blog.plansmith.com/planning-in-crisis-conditions) Posted by [Sue West](https://blog.plansmith.com/author/sue-west) on 3/23/20, 8:42 AM - [Tweet](https://twitter.com/share) [![planning](https://blog.plansmith.com/hubfs/business-2846221_1920.jpg)](https://blog.plansmith.com/planning-in-crisis-conditions) The world is turned upside down and inside out as we confront the unexpected challenge of a pandemic. None of us has been here before and confusion is rampant. Yet, as business leaders expected to carry on for the survival of our companies, the World War II expression, *Keep Calm and Carry On*, seems applicable today. At Plansmith, we communicate with hundreds of financial institutions like yours across the country who are affected by this crisis. We understand that you face even greater challenges ahead as you try to adapt. We know you have to assess the financial impact of lost wages, increased unemployment, low interest rates and a fragile economy and we ask ourselves, “How can we help?” [Read More](https://blog.plansmith.com/planning-in-crisis-conditions) ## [How Will Rate Changes Impact Your Budget?](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 3/11/20, 9:48 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/stock-1863880_1920.jpg)](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) Everyone probably has their budgets in place for 2020 by now. And now comes along the Coronavirus and messes everything up. The Fed has already lowered rates by half a point. So, now you’re scrambling to figure out how this will impact your 2020 plans? Seems like you have a few choices: [Read More](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) ## [Communicate Your Numbers Like a PRO!](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) Posted by [Jennifer Mello](https://blog.plansmith.com/author/jennifer-mello) on 3/4/20, 11:16 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/Picture1.png)](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) I know my numbers, but how do I communicate them to others within my organization? It’s a valid question that Plansmith fields regularly from our clients. We’ve got some answers for you. Everyone relates to numbers, no matter who you're talking to, but not everyone reads them in the same way. So, how do you make the most out of your conversations with everyone who needs to relate to the same numbers? [Read More](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) ## [Stop Budgeting and Start Planning](https://blog.plansmith.com/stop-budgeting-and-start-planning) Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 1/17/20, 9:16 AM - [Tweet](https://twitter.com/share) [![budgeting and planning](https://blog.plansmith.com/hubfs/accounting-761599_1920.jpg)](https://blog.plansmith.com/stop-budgeting-and-start-planning) Most of us have been building annual budgets forever. First on paper spreadsheets, then with electronic spreadsheet like Excel, and now with software budgeting tools that amount to little more than more convenient spreadsheets. But a budget is typically all numeric built with trending and last year’s information. Usually the CEO provides a growth and earnings expectation and we build the budget to make the math work. If you have a system that can also provide rate risk analysis and draw detailed data from your core system, you really have a great system. So, what’s the problem? [Read More](https://blog.plansmith.com/stop-budgeting-and-start-planning) ## [Plansmith: Budgeting, Asset Liability Management, CECL & Strategy](https://blog.plansmith.com/plansmith-budgeting-asset-liability-management-cecl-strategy) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 12/12/19, 11:33 AM - [Tweet](https://twitter.com/share) [![paper-3309829\_1920](https://blog.plansmith.com/hubfs/paper-3309829_1920.jpg)](https://blog.plansmith.com/plansmith-budgeting-asset-liability-management-cecl-strategy) For almost 50 years, Plansmith has helped financial institutions remove the stress from budgeting and interest rate risk. As customer preferences and regulatory challenges progress, we create new solutions to complement our core in-house budgeting and IRR solutions. Are you familiar with all of the ways Plansmith helps financial institutions like yours? [Read More](https://blog.plansmith.com/plansmith-budgeting-asset-liability-management-cecl-strategy) ## [One Less Thing to Worry About](https://blog.plansmith.com/one-less-thing-to-worry-about) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 10/9/19, 4:59 PM - [Tweet](https://twitter.com/share) [![money-2724235\_1920](https://blog.plansmith.com/hubfs/money-2724235_1920.jpg)](https://blog.plansmith.com/one-less-thing-to-worry-about) After almost 50 years in the biz, we've learned a thing or two about banking. And since most of our employees have spent time in the industry, we know the heavy hitters that keep bankers up at night. That's why we designed our business around one specific goal: giving our clients one less thing to worry about. [Read More](https://blog.plansmith.com/one-less-thing-to-worry-about) ## [We've Walked in Your Shoes](https://blog.plansmith.com/weve-walked-in-your-shoes) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 9/20/19, 2:35 PM - [Tweet](https://twitter.com/share) [![reception-2507752\_1280](https://blog.plansmith.com/hubfs/reception-2507752_1280.jpg)](https://blog.plansmith.com/weve-walked-in-your-shoes) Running a successful business, like anything worthwhile in life, is difficult. Of course, the same can be said for operating a bank or credit union. There's never enough time in a day to get everything done. The amount of work per number of hands to accomplish it isn't equitable. The number of new regulations versus training bandwidth is not even *close* to on par. [Read More](https://blog.plansmith.com/weve-walked-in-your-shoes) [Previous](https://blog.plansmith.com/topic/budgeting/page/3) [All posts](https://blog.plansmith.com/all) [Next](https://blog.plansmith.com/topic/budgeting/page/5) ### Subscribe Now! ### Posts by Tag - [community bank planning (55)](https://blog.plansmith.com/topic/community-bank-planning) - [community bank strategy (52)](https://blog.plansmith.com/topic/community-bank-strategy) - [community bank (49)](https://blog.plansmith.com/topic/community-bank) - [credit union planning (47)](https://blog.plansmith.com/topic/credit-union-planning) - [community bank budget software (45)](https://blog.plansmith.com/topic/community-bank-budget-software) - [budgeting (42)](https://blog.plansmith.com/topic/budgeting) - [community bank budgeting (42)](https://blog.plansmith.com/topic/community-bank-budgeting) - [interest rate risk (35)](https://blog.plansmith.com/topic/interest-rate-risk) - [community bank interest rate risk (33)](https://blog.plansmith.com/topic/community-bank-interest-rate-risk) - 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