Budgeting & Forecasting
Knowing the performance of your business last month quarter or year is great but this information is always out of date as soon as it is produced. Budgeting and forecasting looks to the future and how your businesses will perform. This is very useful to every business owner to see if any challenges arise in the future that can be planned for now. It allows you to make proactive business decisions such as noticing a short term cashflow problem in the future and making decisions today to present and prevent the problem such as increasing your overdraft.
Budgeting & forecasting can be especially useful when raising finance or investment. Your backer will want to see that their investment can be repaid and how their investment will affect the business. It’s essential that you show your backer a professional well-presented forecast and we can assist with this with a one year forecast costing £500 and each additional year after that £250.
Budgeting and forecasting are important components of effective financial management, enabling organisations to plan for future growth and stability. Budgeting involves setting financial targets and allocating resources to meet the strategic goals of the business, ensuring that expenditures align with revenues and organizational priorities. Forecasting, involves predicting future financial outcomes based on historical data, market trends, and economic conditions. Together, these processes help businesses anticipate challenges, seize opportunities, and make proactive adjustments to their strategies.
Do you need some help with budgeting & forecasting?
Why not schedule a call to see how we can help.
