Budgeting is all about planning how best to spend your income to build the business, pay off debt or provide an income for shareholders. When you manage your money to a plan you can make informed decisions, set goals and targets plus ensure your business is moving forward with positive momentum in a sustainable way
We recommend setting you budget based on previous years spending making adjustments for known changes in spending for the upcoming year. Your budgets must be a living document compared with actual each month to ensure your guesstimates were ok and you will have the required cash flow to maintain your plans going forward
Budgets enable the wise business owner to measure return on their investment and when reviewed regularly enable that wise business owner to stop what is not working, continue what is working and adjust spending along the way based on real time data to reflect real life changes in the business, economy and marketplace
