For bookkeeping help and advice: 01462 455 455 lynne@thebookkeepingdepartment.co.uk

Budgeting

Set a budget to stay on track and succeed.

Achieve More For Your Business Through Budgeting

If you want to achieve more profit in your business, we encourage you to set a budget for your business and to put this into your accounting software. This will encourage you to think about where your business is today and where you want to take it.

The benefits of budgeting include:
 

  • You have something to benchmark against. When you run your Profit & Loss report each month, you can see what you have actually achieved compared to your budget and see if you are on track to hit your business goals and objective.
  • The budgeting forecast allows you to see exactly where things are going better than you expected and where you need to take action to improve how you are generating or managing money in your business. This visibility ensures the decisions you make will be based on solid financial information.
  • It helps you to be much more focused, planned and disciplined about money management and this, in turn, leads to a more profitable business.

How We Can Help With Budgeting

When it comes to supporting you with your budgeting, there are two options available, the one you choose will depend on how involved you would like us to be.

Option 1

We give you the tools and template to create your own budget and we can then just import this into your accounting software for you.

Option 2

We can spend time working with you to create your budget for your business – combining our objective perspective and practical skills, with your in-depth knowledge of your own business.

Who We Help

Whether you are one of our regular bookkeeping clients or someone who does all their bookkeeping themselves but just wants some annual help with budget setting, we can help you.

We work with a number of businesses across a variety sectors and would be delighted to talk to you about how we can support you with your budgeting. After an initial chat, we can look at what budgeting option works best for you and your business and how best to proceed.

If you need some help with your bookkeeping to give you more time and peace of mind, please contact us today:

Contact The Bookkeeping Department for an impartial chat about your requirements and a FREE consultation of your current and future requirements.

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