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.
Budgeting and forecasting service
- Detailed budget document
- Scenario planning
- Periodic reports
- Integration with accounts
Get in touch
Let's talk about how Alchemy can help your business.