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.

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
• Legislation
• Market conditions
• This will produce a highly tailored budget that will help you in achieving your business goals.