Business Budgeting & Forecasting Know where you’re going & how you’re travelling Many business owners fail to set a budget and track their performance against it. Creating and monitoring against a budget is a sure way to know how you are indeed travelling. Is your business on track to meet its budget this year? A business budget enables you to evaluate: Progress towards business goals Revenue and growth targets Business costs Profitability of products / services Seasonal periods If you have adequate or surplus assets Whether you have the ability to meet debt requirements By how much you can accelerate debt reduction What your working capital and equity requirements are A budget is an estimate of where you expect to end up. It is based on fixed and variable costs, inflows and outflows and must be realistic. Once we have established a reliable base we can measure and monitor your business performance, making adjustments as required to keep you on track. Our basic package includes: 1.5 hour meeting with our senior advisor of your choosing to determine key assumptions Preparation of the budget on a monthly basis - Profit & Loss, Balance Sheet & Cashflow Input of the budget to your accounting system 1 hour follow up meeting to discuss the budget together Our Monitor and Manage your Business Budget guide Our advanced package also includes: Analysis of how the business can be worked harder to achieve better performance, achievable targets that could be set for the business and communicated to staff Scenario analysis – looking at a range of alternatives by changing key inputs An extended second meeting where we take the time to explain the budget to you and our above analysis