Preparing budgets and cashflow projections is a business discipline that pays for itself. Whether you are buying a franchise or other business, or once you have prepared your strategic plan, you need to see how the numbers stack up.
You need to know the level of sales and profits you need to meet to break even or maybe to cover borrowing costs. This information can then be used as part of your daily and weekly management.
Even if you have a more established business, you can use a budget or cashflow projection to ensure that the business is performing to expectations. Variations in cost of sales, stock balances, or cash flows, may indicate fraud or theft, especially in tough economic times.
Inspired has expertise in preparing budgets and cashflow projections. From small businesses to consolidated groups, we can provide information with both the big picture and with detailed, complex granularity. We can provide you with projected Profit & Loss Statements, Balance Sheets, and Cashflow Statements, on a monthly, quarterly, annual or multi-period basis.
A typical budget and cashflow projection will cover for the next 12 to 24 months:
- Net profit generated on a monthly basis
- Month end bank balances
- Working capital position each month
- Debt and equity balances and ratios
- Practical strategies for profit and cashflow improvement
Our reporting format is recognised and accepted by all the major banks and financiers , with which we work. They appreciate our ability to provide both quality information and detail on all the various assumptions behind the numbers.
Don’t try and fly your business blindfolded – call us today to talk about your forecasting needs.
