A vital part of good business management is the preparation, implementation and management of budgets and cash flow projections. Our team at Perks are able to implement and manage the production of business budgets and cash flows that will ultimately assist you in reaching your business goals.
For SMEs and their owners, these are some of the most important business tools as they allow you to set financial targets and then periodically measure performance against them to ensure you are kept accountable. This can also include a reforecast if circumstances change throughout the budget period.
In addition to goal setting, forecasted budgets and cash flows can improve your chances of acquiring business finance as they support and justify your business plan and your ability to repay. Financiers often require budgets for funding approval.
At Perks, we provide our clients with a three-way budget forecast that includes:
- Projected profit and loss
- Cash Flow
- Balance Sheet
These forecasts are prepared in conjunction with the business owners and look at the internally produced projections with critical analysis based on:
- Historical business data
- Industry benchmarks
- Bank covenants
- Market conditions
This will produce a highly tailored budget that will you in achieving your business goals.
To speak to one of our Accounting Advisers contact us today
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