Budgeting and planning

Managing spending, looking ahead

Budgeting 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.

And business budgeting isn’t something you do at the start of the year and forget – it’s an ongoing process and a way of checking progress against your goals.

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.

The benefits of our approach

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

Our budgeting process

  • Detailed budget document
  • Scenario planning
  • Periodic reports
  • Integration with accounts

Get in touch

Let's talk about how Alchemy can help your business.