How To Run A Monthly Finance Meeting

Conduct a monthly finance meeting by preparing a clear agenda, providing necessary financial reports for review, leading strategic financial discussions, and setting financial goals and plans for the upcoming month.

A monthly finance meeting is a regular gathering of key individuals within a company or organization to discuss and review financial performance, budgeting, and future financial planning. The meeting typically involves finance professionals, executives, and department heads, who discuss topics such as revenue and expense analysis, cash flow management, financial forecasting, investment opportunities, and overall financial strategy. It allows stakeholders to assess the financial health of the company, evaluate progress towards financial goals, identify any issues or areas of concern, and make informed decisions to drive the business forward.

What is the purpose of a Monthly Finance Meeting?

The purpose of running a monthly finance meeting as a leader is to ensure effective financial management and decision-making within the organization. It provides an opportunity to review financial performance, discuss budget allocation, identify potential risks, and strategize for future growth. By keeping all relevant stakeholders informed and involved, a monthly finance meeting helps to maintain transparency and accountability in financial matters.

How To Run A Monthly Finance Meeting: Step-By-Step


Step 1: Agenda and Objective Setting

Setting the agenda is crucial for effective meetings. It entails listing discussion topics and meeting objectives, which should be sent via email to all attendees, ensuring everyone is prepared and allowing for a more productive discussion.

ZipDo, our app, integrates seamlessly with your calendar to consolidate all appointments into a unified collaborative platform. In this space, teams can co-create a shared agenda, allowing every member to contribute their topics. This feature enhances team preparedness and streamlines both meeting preparation and follow-up, leading to more productive meetings.

Next Step

Step 2: Pre-meeting Data Analysis

Before the meeting, it is essential to perform a comprehensive financial analysis of the previous month’s data to identify crucial aspects, including significant expenses, low revenues, notable profits, and potential financial risks.

Next Step

Step 3: Create a Financial Reporting Document

Use the collected data to create a comprehensive financial report for the month, presenting a clear overview of the business’s financial standing. The report should be concise and easily comprehensible for stakeholders to ensure clarity regarding the business’s financial position.


Want to run a better meeting? Try ZipDo, our Meeting Note Software.

  • Connect your Google Calendar
  • Automatically create a note for every meeting
  • Organize your meetings and meeting notes in a channel like Slack
Try ZipDo free
Next Step

Step 4: Pre-meeting Distribution

In order to ensure that all attendees are well-prepared for any discussions or inquiries during the meeting, it is essential to send the meeting agenda and financial report beforehand. This will provide them with ample time to review and prepare accordingly.

Next Step

Step 5: Prepare a Presentation

Create a visually appealing presentation that showcases key financial insights derived from the report, using impactful graphs and charts. This will enhance understanding for the audience, making the information more memorable and engaging.

Our application, ZipDo, simplifies the process of preparing for team meetings. Meeting leads can quickly retrieve all relevant information from past sessions, including agendas and notes, stored in one place. This facilitates a smoother preparation process and guarantees no key points are missed.

Next Step

Step 6: Practise the Presentation

It is essential to thoroughly review and rehearse the presentation to ensure all key points are effectively communicated. By doing so, you will be better equipped to address any possible questions or concerns that may arise during the meeting.

Next Step

Step 7: Meeting Set-up

In order to ensure a smooth meeting experience, take the initiative to prepare the meeting room or virtual environment in advance. Verify that all essential equipment, like projectors, clickers, or screen sharing tools, are in working order.

Next Step

Step 8: Conduct the Meeting

Commence the meeting by discussing the agenda, followed by presenting the financial report of the month through a presentation. Foster active participation by encouraging discussions, addressing queries, and welcoming suggestions.

Next Step

Step 9: Note Taking

Assign someone to take detailed meeting notes, capturing main points, decisions, actions, and assigned responsibilities.

Our application, ZipDo, automatically imports meetings from your calendar, creating a collaborative workspace for each. This enables you and your team to keep detailed notes for every meeting, simplifying both the preparation and follow-up processes and improving accountability across your team.

Next Step

Step 10: Discussion and Deliberation

The explanation outlines the need to discuss each point in detail and actively seek feedback and suggestions from attendees. The aim is to collaborate and find solutions to any financial problems that may arise.

Next Step

Step 11: Wrap Up and Follow-up Actions

The meeting covered important points and decisions. Task assignments were clarified for everyone. The next meeting will be scheduled to ensure progress is tracked.

Questions to ask as the leader of the meeting

1. How are our current financial results compared to our budgeted targets?

Explanation: This question helps the leader assess the organization’s financial performance and identify any deviations from the projected targets. It provides insights into whether the company is meeting its financial goals and helps identify areas that may require adjustment or improvement.

2. What are the key drivers behind our financial performance this month?

Explanation: This question prompts a discussion on the factors influencing the organization’s financial performance for the month. By identifying the key drivers, leaders can better understand what is driving success or challenges, helping them make informed decisions and take corrective actions if needed.

3. Are there any significant variations in our revenue or expenses? If so, what are the reasons behind them?

Explanation: This question seeks to uncover any significant deviations from expected revenue or expense levels. By investigating these variations, leaders can identify the underlying causes, such as changes in market conditions, operational inefficiencies, or unexpected events, to determine appropriate strategies for improvement or mitigation.

4. What is the current status of our cash flow and working capital?

Explanation: This question focuses on evaluating the organization’s cash flow and working capital position. Monitoring cash flow and working capital is vital for ensuring financial stability, liquidity, and the ability to meet short-term obligations. By understanding the current status, leaders can take necessary actions to manage cash effectively and optimize working capital.

5. Have there been any changes in our financial risks, and how are we managing them?

Explanation: This question helps leaders assess the organization’s exposure to financial risks such as market fluctuations, credit risks, or regulatory changes. It provides an opportunity to review risk management strategies and discuss measures to mitigate potential risks that could negatively impact financial performance or stability.

6. Are there any upcoming financial challenges or opportunities that we should be aware of?

Explanation: This question enables leaders to anticipate future financial challenges or opportunities that may impact the organization. It encourages proactive planning and strategic decision-making to address potential challenges effectively or leverage emerging opportunities for growth or improvement.

7. What are the key cost-saving or revenue-generating initiatives we are implementing?

Explanation: This question encourages a discussion on cost-saving measures or revenue-generating initiatives being implemented by the organization. By staying informed about such initiatives, leaders can ensure their alignment with organizational goals, monitor progress, and evaluate their impact on financial performance.

8. How can we improve our financial processes or reporting to enhance accuracy and efficiency?

Explanation: This question encourages leaders to assess the effectiveness and efficiency of financial processes and reporting. By seeking improvement suggestions, they can identify opportunities to streamline processes, enhance accuracy, and ensure timely and relevant financial information that supports decision-making across the organization.

As a leader, preparing a monthly finance meeting agenda requires careful consideration. Start by outlining the main focus areas, such as budget updates, financial performance analysis, and any ad hoc topics. Prioritize key reports and data to be presented, allowing time for discussion and decision-making. Seek input from team members to ensure an inclusive agenda that addresses everyone’s needs.

How To Prepare For A Monthly Finance Meeting
Meeting Preparation Icon

Topics that need to be discussed in a monthly finance meeting typically include budget updates, expenditure analysis, revenue projections, financial performance review, cash flow management, investment opportunities, risk assessment, and any other pertinent financial matters. These discussions ensure a comprehensive understanding of the company’s financial health and drive informed decision-making for future growth.

See Our Monthly Finance Meeting Template
Meeting Template Icon

Software tools to facilitate a Monthly Finance Meeting

Software plays a crucial role in enabling leaders to effectively run monthly finance meetings. With advanced financial tools and data analysis capabilities, software allows leaders to track financial performance, generate detailed reports, forecast future outcomes, and make informed decisions. It streamlines processes, enhances accuracy, and provides real-time insights, enabling leaders to efficiently manage finances and drive organizational growth.

Our Recommendations:


Running a monthly finance meeting is crucial for any business to track its financial health and make informed decisions. By following the steps outlined in this blog post, you can ensure that your finance meetings are productive and valuable for your organization. Remember to set clear objectives, collect and analyze relevant data, and foster open communication among team members. Additionally, leverage technology to streamline the meeting process and provide real-time insights. With proper planning and execution, these meetings can become an important tool for driving financial success and growth. Stay committed to consistently holding these meetings and adapting them as needed to meet the changing needs of your business. Embrace the power of financial data and make the most of these meetings to drive your company’s success.

Popular Questions

What is the primary objective of our monthly finance meeting?

The primary objective of our monthly finance meeting is to review our company’s financial performance, scrutinize budgets, monitor revenues and expenses, and to discuss strategies for financial growth.

What financial reports will we review during the meeting?

During the meeting, we will review several important financial reports, including the cash flow statement, income statement, balance sheet, and statements of retained earnings.

Why is it important to discuss budgeting in our monthly finance meetings?

Discussing the budget during the monthly meetings helps us make informed decisions for future planning, control expenditures, ensure we’re not overspending, and keep track of where our funds are going.

How will our financial performance for the past month determine our strategies for the next month?

Our financial performance for the past month will provide insights on necessary adjustments needed for our revenues and budget. Based on these insights, we can develop strategies for cost reduction, manage profits and set financial targets for the next month.

How is the effectiveness of the monthly finance meeting measured?

The effectiveness of the monthly finance meeting is measured through several aspects, including the level of participation, clarity of financial data presentation, the quality of financial analysis, and the ability to make informed decisions that contribute to the company’s financial growth.