Our Budgeting & Forecasting Process
We will prepare a “health check” using your previous accounting data as a starting point. This will highlight areas of interest for us to keep an eye on
We will then prepare a basic budget/forecast for you based on previous data. Once we have finished, we will then discuss these reports with you which you will be able to access online.
Once you have agreed to a budget, at any point you can check your actual spend against your budget.
We will check in to see how your business is doing against these reports and if any adjustments need to be made to achieve your goals.
The key difference between a budget and a forecast is that a budget plans for where a business aims to go, while a forecast indicates where a business is actually going.
We use FUTRLI to produce our budgets and forecasts and as part of the budgeting and forecasting service, you will be given a login to FUTRLI which you then use to access the budgets and forecasts.
You can then also have these budgets and forecasts as PDFs as well.
You can check anytime your actual spend vs your budget by logging into FUTRLI.
In addition, FUTRLI can also send out alerts to let you know when you are in danger of breaching your budget or to let you know when you have achieved an objective.