--- title: Plansmith Blog | community bank budget software description: community bank budget software | --- [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 ## [My Budget Is Done, Now What?](https://blog.plansmith.com/my-budget-is-done-now-what) Posted by [Bill Smith](https://blog.plansmith.com/author/bill-smith) on 8/17/20, 2:30 PM - [Tweet](https://twitter.com/share) [![budget](https://blog.plansmith.com/hubfs/calculator-385506_1920.jpg)](https://blog.plansmith.com/my-budget-is-done-now-what) Most of us hate planning. So why would I want to start now, when I could wait until the usual time next year? Actually, there are two great reasons to plan early and often: [Read More](https://blog.plansmith.com/my-budget-is-done-now-what) ## [How to excel without Excel](https://blog.plansmith.com/excel-without-using-excel) Posted by [Brett Hendricks](https://blog.plansmith.com/author/brett-hendricks) on 8/12/20, 10:47 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/laptop-3087585_1280-2.jpg)](https://blog.plansmith.com/excel-without-using-excel) One of the most common calls we take at Plansmith is from a bank or credit union looking to improve their entire budgeting, forecasting, and board reporting process. While the organizations vary greatly in size, and the person calling is sometimes the president and other times a financial analyst – most often they all have one thing in common: “I’m currently using Excel.” [Read More](https://blog.plansmith.com/excel-without-using-excel) ## [Why Shouldn’t My Financial Institution Use a Budgeting Program That Transcends Industries?](https://blog.plansmith.com/why-shouldnt-my-financial-institution-use-a-budgeting-program-that-transcends-industries) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 5/5/20, 10:28 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/laptop-2562325_1920.jpg)](https://blog.plansmith.com/why-shouldnt-my-financial-institution-use-a-budgeting-program-that-transcends-industries) Banking, like Yogi, is a unique bear. If you haven’t worked in the trenches, you probably just don’t understand it. It’s an industry best served by those who have lived it. As unique as the industry is – you guessed it – your budgeting solution should be just as unique. [Read More](https://blog.plansmith.com/why-shouldnt-my-financial-institution-use-a-budgeting-program-that-transcends-industries) ## [5 Ways Plansmith Simplifies Your Budgeting Process](https://blog.plansmith.com/5-ways-plansmith-simplifies-your-budgeting-process) Posted by [Brett Hendricks](https://blog.plansmith.com/author/brett-hendricks) on 7/8/19, 9:35 AM - [Tweet](https://twitter.com/share) [![laptop-3190194_1920](https://blog.plansmith.com/hubfs/laptop-3190194_1920.jpg)](https://blog.plansmith.com/5-ways-plansmith-simplifies-your-budgeting-process) For most banks and credit unions the annual budgeting process is just that, a “process” that is far from looked forward to. The CFO gathers data and input from market managers and department heads. The President and CEO then hand down more information as well as targets and objectives that rarely align with the other information. It's then the CFO's and finance team's job to cobble it all together, make it balance, and deliver results to the Board for approval. As anyone who has been through it knows, the process itself is not cut and dry. To be honest, it can be downright exhausting. [Read More](https://blog.plansmith.com/5-ways-plansmith-simplifies-your-budgeting-process) ## [The Unexpected Tie Between Bankers & Boy Scouts](https://blog.plansmith.com/the-unexpected-tie-between-bankers-boy-scouts) Posted by [David Schwieder](https://blog.plansmith.com/author/david-schwieder) on 8/15/18, 10:39 AM - [Tweet](https://twitter.com/share) [![startup-594090_1280](https://blog.plansmith.com/hubfs/startup-594090_1280.jpg)](https://blog.plansmith.com/the-unexpected-tie-between-bankers-boy-scouts) I spent the 4th of July Holiday as many Americans do. That’s right, cleaning out the garage. As I engaged in this long overdue spring cleaning, I couldn’t help but notice the abundance of pine needles in the corner. It brought back a bad memory from last December, that I could at least laugh about now. Sort of… [Read More](https://blog.plansmith.com/the-unexpected-tie-between-bankers-boy-scouts) ## [Why “E-Learning” Is Succeeding](https://blog.plansmith.com/why-e-learning-is-succeeding) Posted by [Bill Smith](https://blog.plansmith.com/author/bill-smith) on 7/10/18, 10:12 AM - [Tweet](https://twitter.com/share) [![laptop-3087585_1280](https://blog.plansmith.com/hubfs/laptop-3087585_1280.jpg)](https://blog.plansmith.com/why-e-learning-is-succeeding) “E-Learning” is rapidly expanding here at Plansmith and client comments have been very positive. Right now there are more than 50 different sessions available and many more sessions are in development. Why has the “E-Learning” approach been so popular, especially since Plansmith has always provided such a high level of live, personal support and is committed to continuing that? [Read More](https://blog.plansmith.com/why-e-learning-is-succeeding) ## [Budget Reforecasting for Financial Institutions](https://blog.plansmith.com/budget-reforecasting-for-community-banks) Posted by [Roxanne Nikirk](https://blog.plansmith.com/author/roxanne-nikirk) on 10/17/17, 3:08 PM - [Tweet](https://twitter.com/share) [![Reforecasting.jpg](https://blog.plansmith.com/hubfs/Reforecasting.jpg)](https://blog.plansmith.com/budget-reforecasting-for-community-banks) Your budgets are finalized. Year end is over. Now what? Our budgeting process gives us an idea of where we think we are headed in the next year. Many times, what we think will happen, is not what happens in reality. After all, if we all had a crystal ball at our disposal, you would not be reading this blog right now (I know I would not be writing it!). [Read More](https://blog.plansmith.com/budget-reforecasting-for-community-banks) ## [Answered: Bankers' 5 Most Painful Questions about Backtesting](https://blog.plansmith.com/answered-bankers-5-most-painful-questions-about-backtesting) Posted by [Dave Wicklund](https://blog.plansmith.com/author/dave-wicklund) on 1/23/17, 8:18 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/Blog_Pictures/backtestingpainfulquestions.jpg)](https://blog.plansmith.com/answered-bankers-5-most-painful-questions-about-backtesting) Backtesting can be a painful topic for bankers. In this post, I'll answer the top 5 most common questions I hear about backtesting. I'll reference my first post, [Independent Review, Model Validation, and Backtesting](https://blog.plansmith.com/independent-review-model-validation-and-backtesting-for-community-banks)*,*so you might want to revisit it before reading on. In that blog, we looked at the interrelationship of these three items and brought up a few questions on backtesting. Specifically, we questioned 5 things: who should do it, how often should it be done, what period should be covered, do you need to backtest model results and assumptions, and why even bother if market rates really aren’t changing. [Read More](https://blog.plansmith.com/answered-bankers-5-most-painful-questions-about-backtesting) ## [5 Tools Everyone In The Banking Industry Should Be Using](https://blog.plansmith.com/5-tools-everyone-in-the-banking-industry-should-be-using) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 11/16/16, 11:32 AM - [Tweet](https://twitter.com/share) [![rsz_apple-791323_960_720.jpg](https://blog.plansmith.com/hubfs/Blog_Pictures/rsz_apple-791323_960_720.jpg)](https://blog.plansmith.com/5-tools-everyone-in-the-banking-industry-should-be-using) You see some people using them, and they're working great. Why isn't everybody already on board? Maybe the tools are brand new. Perhaps they're too expensive. Who knows, they might be really exclusive. Except, most of the time, they're not. So, what keeps people from getting their hands on the [best time-saving tools](https://info.plansmith.com/free-infographic-5-tools-every-bank-should-be-using) in the banking industry? [Read More](https://blog.plansmith.com/5-tools-everyone-in-the-banking-industry-should-be-using) ## [True or False: Planning is a Verb?](https://blog.plansmith.com/true-or-false-planning-is-a-verb) Posted by [Sue West](https://blog.plansmith.com/author/sue-west) on 8/17/16, 10:00 AM - [Tweet](https://twitter.com/share) [![rsz_trueorfalsesue.jpg](https://blog.plansmith.com/hubfs/rsz_trueorfalsesue.jpg)](https://blog.plansmith.com/true-or-false-planning-is-a-verb) True or False A budget is a once a year process for an institution. True: A budget is a process typically done once a year to establish targets/goals of measure to be used as guidelines throughout the year. 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