Financial-year handovers focused on decisions
Practical answer: Financial-year handovers focused on decisions
Identify the purpose of each enquiry, its current stage and the specific obstacle to progress. Link to the approved record instead of copying every attachment. Confirm who owns the next decision and whether an estimate or proposal needs updating. Maintain financial records through the organisation’s appropriate accounting process.
A June handover can become a catalogue of background material with no clear next action. For June 2024, focus the summary on the decisions still required and the information someone needs to make them.
Economic context
The RBA’s May 2024 overview described inflation easing more gradually than expected and subdued demand growth ahead. Read the RBA overview.
An illustrative example
For example, a supplier proposal may be complete but awaiting an internal comparison, while a partnership discussion may need a scope question answered. The handover should name those different tasks. Ask the receiving person to confirm that the summary and documents are accessible before closing the handover action.
Three points to take into the conversation
- Identify the pending decision
- Locate supporting material
- Confirm the next owner
Before progressing the conversation, check that the purpose, current information, responsible contact and next review date are clear. For a corporate-information, supplier or partnership enquiry, contact EJN Services through its enquiry page.
The economic context comes from the report linked above. The process suggestions and examples are original editorial guidance, not RBA recommendations or records of EJN Services engagements.
