Budget and Planning

A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets are an integral part of running any business efficiently and effectively.

Static Vs. Flexible Budgets

There are two major types of budgets: static budgets and flexible budgets. A static budget remains unchanged over the life of the budget. Regardless of changes that occur during the budgeting period, all accounts and figures originally calculated remain the same.

A flexible budget has a relational value to certain variables. The dollar amounts listed on a flexible budget change based on sales levels, production levels, or other external economic factors.

Both types of budgets are useful for management. A static budget evaluates the effectiveness of the original budgeting process, while a flexible budget provides deeper insight into business operations.

Cash Flow Management Analysis – One of the most common tools. Big or small, an organization’s cash flow is essential to its ongoing financial health. This tool helps you and your strategy team understand what could happen to your cash flow in the future based on the decisions you make today.

Accurate Budgeting and Cash Flow Analysis services are probably 2 of the most paramount factor that, when meticulously completed, can impact the maintenance and very creation of a successful business.  

This report shows how much money flowed into and out of your business during a period of time. The cash flow statement is crucial for things like making sure you have enough money to make payroll. Your Cash Flow Statement is very important to know if you have enough money for payroll; it shows you how much money went in and out of your business.

There is a saying that “the numbers tell a story”- the numbers produced by your reports will either tell the story of a well-positioned business or an establishment that is going to fail.  Another way to look at it is that the type of analysis you generate is going to set you apart from the “amateurs” in the business.  This is because all smart, savvy and educated business owners know how critical Cash Flow analysis and budgeting are to the success of any business.

 The Importance of Budgeting and Cash Flow Analysis Services

Another saying is that “cash is king”-  you can assume that the Cash Flow statement of your business monitors and records the very health of your business.  The Cash Flow statement is sometimes considered the most important report your business possesses as it positively establishes a baseline for investors, a baseline for the liquidity of your business and a baseline for the potential profitability of your establishment.

The budgeting aspect of business reporting also greatly assists in the decision-making process.  Similar to the Cash Flow statement, there are a lot of details in the numbers.  Whether your business is a start-up, mid-sized or larger establishments, budgeting is imperative.  In order to avoid bad debt, accumulating (but under the radar) costs, detrimental legal issues or even going bankrupt, you must read and scrutinize your budgeting reports diligently.

A wise business owner once said, “Happiness in business is a positive cash flow.” As a business owner, I’m sure you agree. Everything is better when your cash-in exceeds your cash-out.

A cash crisis can be emotionally devastating and it can even kill your business. If you’ve ever had to beg, borrow and steal to cover tomorrow’s payroll you know what I mean.

Our cash management service allows you to:

  • Know when, where, and how your cash needs will occur.
  • Know what the best sources are for meeting your additional cash needs.
  • Be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.

The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (monthly) cash flow projections to help you manage daily cash, and long-term (annual) cash flow projections to help you develop the necessary capital strategy to meet your business needs.

Budget-to-Actual Reporting – Once a plan is in place, you’ll want to know how well you’re tracking to it. We all know how vital budgets are, but they don’t always get used. We can help you get your budget in place and then analyze your company’s performance against it. 

Your Holistic Wealth is our business.

If you find yourself in need of a Budget report to grow your business, contact us!

Why Choose Us

Accurate Record Keeping

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