Budgeting and forecasting are vital in maintaining control of your business but it can be a time consuming task as budgets must be continuously updated with new forecasts becoming the targets to achieve.
Budgeting includes the preparation of financial reports prepared before the accounting period(s) usually showing planned income, expenditure, and capital employed or cash flow.
Forecasting is the prediction of relevant future factors affecting a business and its environment and may be used as the basis for preparing budgets, for example a sales forecast or cash flow forecast.
Nationwide Accountants offers quality specialist and efficient budgeting and forecasting services to meet the client’s current and future business needs and assessment of performance.