Preparation of an annual budget and quarterly forecasts (for companies with T/O up to £75k) is one of our advisory services that develops a line by line plan of your company’s profit and loss accounts, balance sheet items and cash flow for the coming year.
This will assist not only in the planning and allocation of resources to meet the necessary goals outlined in the budget but will enable benchmarking of performance throughout the year.
Following the close of each quarter, we communicate the results achieved and work together to formulate an updated forecast for the balance of the financial year. We identify any gaps and offer solutions to close them. We highlight successes and how to build on them for sustaining incremental profits and growth.
Please note, the preparation of an annual budget and quarterly forecasts are dependent on the level of detail available.