Budget Preparation Services
A good budget helps you to balance the expenses and income of your business. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.
In addition to goal-setting value, budgets will often improve your chances of acquiring funding. A good budget is a necessity in a good business plan. Financiers often require budgets as a prerequisite for funding approval.
A budget variance is the difference between the forecast and actual expenses and income of your business. It is important to explain how and why variances occurred. This empowers you with necessary information to implement changes that prevent variances from recurring, saving your business money, and increasing its profitability.
There are different types of budget, including organisational budget, project-based budget, etc.
An organisational budget considers your business as a whole.
A project-based budget is useful for businesses with varying and unpredictable income and outgoings – such as a construction business relying on contracts for large projects.
How Ample Finance can help you?
Our Budget Preparation Services can help to create your budget, which giving you a clear idea of what your income, expenses and liabilities are or will be under certain circumstances. We can also help you achieve superior performance and prepares your business plan tuned to your business goals and objectives. We will prepare your strategic, tactical and operational plans that you need to ensure success.
We will provide you with trend and variance analysis reports to analyse your performance, activities, devise and implement any necessary corrective actions on time. We will be able to discuss with you to determine what the management accounts actually say about the state of your business.
Our Budget Preparation Services include:
- Budget Preparation (Operational Budgets / Project-based Budgets)
- Variance Analysis
- Monthly Meetings
Our fee for Budget Preparation Services is on case-by-case basis. However, we understand it is important to understand your business to find a tailored solution to you, so our first hour of consultation is FREE.