monday.com Implementation Consultant
5 minutes
Financial Reporting | Data Synchronization | Budget Management
Master Data | monday.com | Financial Reporting | Data Synchronization | Multiple Boards
CFOs, Managers, Finance Teams, Compliance Officers, Small Business Owners
Are you tired of struggling to keep your financial data organized? Managing budgets, tracking cash flows, and comparing yearly reports can be exhausting—especially when everything is scattered. Whether you’re part of a growing business or a large organization, the challenges of staying on top of financial reporting are all too real.
This is where Master Data on monday.com steps in. By syncing data across your boards into one central hub, Master Data makes financial reporting seamless, accurate, and easy to manage. No more headaches, no more juggling scattered numbers—just clear, consolidated data that helps you make smarter decisions.
Yearly financial reports are prepared individually, which you can do in monday.com using different boards. However, there really isn’t a way to easily get a year-by-year overview of financial progress aside from getting the summaries and compiling them manually on a central board.
Master Data eliminates this challenge by automatically consolidating your yearly financial data into a single, centralized Master Board.
With our app, you no longer need to copy or move data from multiple boards. By installing Master Data on each yearly board, all financial data will be pulled into your Master Board, building a comprehensive view of your organization’s performance over time. Having all data from previous years into one board makes it simple to compare year-over-year metrics, identify growth trends, and create detailed financial analyses.
Tracking budgets against actual spending is essential for keeping projects on track and ensuring resources are used wisely. Without it, overspending can quickly derail plans and put financial goals at risk.
To simplify this, add Budget and Actual Cost columns to your source boards at the item level. This makes it easy to see exactly how much is allocated and spent on each task or project.
Master Data takes it further by syncing all budget and spending data across boards into your Master Board. This gives you a clear, company-wide view of spending in one place, whether by project, team, or the entire organization. Staying on budget has never been easier.
Tracking cash flow can be easily done in monday.com by adding “Income” or “Cash Inflow” Numbers columns at the item level, you can track cash flow per sale or project. If your company generates income through multiple streams, whether it’s from sales, projects, or recurring payments, Master Data offers a simple solution by syncing all your cash flow data into one centralized view.
Now, you can easily see all your company’s cash inflows in one place. This allows you to spot trends—like which projects or sales are performing well, which ones aren’t, and whether you’re hitting your financial KPIs. Master Data makes it easier to understand the health of your business, allowing you to make smarter financial decisions.
Looking to track financial performance by team or department? Need a high-level overview for executives? Master Data allows you to create customized reports directly in your Master Board, so you can focus on what matters most to your business.
Use Numbers Reports for quick summaries of key data, or leverage Line Charts to visualize financial progress over time. Want to understand the distribution of costs or income? Pie Charts give you a clear picture of where the biggest financial chunks lie.
With these customizable reports, you can easily break down complex financial data, providing actionable insights for your team or leadership.
Outdated or incorrect data can lead to costly mistakes. Master Data’s hourly auto-resync ensures your information is always accurate and up to date.
As your source boards are updated, Master Data automatically syncs the changes to your Master Board, eliminating the risk of errors or manipulation. You can trust that all of your data are reported regularly. With reliable data, giving you peace of mind and confidence in your decisions.
Financial reporting doesn’t have to be overwhelming. With Master Data, you’ll have a powerful, easy-to-use tool that keeps everything in one place, from budgets to cash flows. It’s perfect for CFOs, analysts, project managers, and anyone who needs clear, reliable financial insights.
Stop stressing over scattered data. Try Master Data on monday.com and discover how simple and efficient financial reporting can be!
Collect all tasks across different monday.com boards on one master board providing complete visibility and control over your data.
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Mint Consulting Australia Pty Ltd (ABN: 13 629 524 572) is a Sydney-based CRM and Salesforce Managed Services consultancy specializing in implementations, integrations, and business strategy, supported by a skilled local team of consultants, solution architects, and developers.