What is Business Budgeting?
Julia regularly meets on premises with business owners in Perth to assist them in developing a budget to manage cash flow.
Business Budgeting is an important activity for any small business to undertake, not only for tracking financial business health but also for the purpose of decision making and obtaining finance.
Budgeting vs Forecasting
A business budget takes into account likely income and expenses, thus allowing the business owner to set aside money for known outcomes. These are often prepared annually or quarterly.
On the other hand, a business forecast makes predictions based on past trends in your financial statements and can give you an accurate reading on where your business is heading. Business forecasts are better conducted more frequently than budgets.
One of the most important forms of business forecasting is the cash flow forecast. This activity is very useful when seeking finance, or valuing a business as it shows you have the capacity to make loan payments.
The Swinstead Approach
Julia has a reliable track record working with a diverse range of clients including FIFO workers, tradespeople, home based businesses, freelance businesses, personal service businesses, family trusts, companies, partnerships, not for profits and sole traders to mention a few.
Swinstead Accounting is fully insured and when working with Julia, you can expect honesty, reliability, punctuality and adherence to deadlines. You can also enjoy the flexibility that comes when working with a mobile accountant with an emphasis placed on consistent and clear communication.
- Qualified mobile CPA, best Master of Accounting at Curtin University
- Expert at major accounting packages including Xero, MYOB and QuickBooks
- Big enough to understand complex financial challenges, small enough to care