Financial Forecasting and Forward Planning

 

Having a good idea of where the business will go is vital for minimising risk and maximising growth potential. 

We are avid supporters of financial forecasting and forward planning aka the annual budget process (it does not have to be too complicated!) which helps you as a business owner or senior manager take a step back from the day to day operational activity and set your goals for the next year and beyond.

In over 20 years in setting Budgets, I have never got one spot on, albeit close, most companies have a few curve balls thrown at them throughout the year so Budget will always be under/over achieved.

What we have found to be of greater benefit is to have a rolling forecast, i.e. previous months plus a forecast to the end of your financial year. This forecast evolves and is revised monthly helping you as a business owner achieve your objectives and assist in your tax planning.

Whatever your planning requirements, contact Finance Department for support and advice
on 01392 495483 or info@finance-department.co.uk.

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