Budget planning and preparation

Managing spending, looking ahead

Budget planning is about making sensible predictions for your business based on analysis of past performance, a clear understanding of your present financial situation and educated assumptions about what might be ahead.

It’s good practice to hope for the best while preparing for the worst, testing scenarios and preparing to adjust your spending plans as required.

Budget preparation shouldn’t be something you do at the start of the year and then forget – budget planning for business is an ongoing process and the best way of checking progress against your goals.

We can provide budgeting support, challenging and supporting as you analyse management information and come up with a plan.

Our budgeting process

First, we work with you to establish a budget for the year based on your objectives and educated estimates, incorporating contingencies for worst- and best-case scenarios.

Then, throughout the year on a monthly or quarterly basis, we provide reports that use the trial balance from your management accounts that show whether you’re on target.

If necessary, we’ll help you adjust your budget after each review, taking into account new information.

Our budgeting services work

Budgeting doesn’t need to be yet another pressure – it should help you feel in control and support you in making confident business decisions.

Next steps

Our budget planning and preparation services are available to clients local to our offices in Preston, Lancashire and businesses across the UK. To discuss your specific needs call us today on 01772 965550 or use our contact form.