Budgeting, Forecasting & Business Valuations
A company’s organic development depends on the Directors having access to current information to assist them in their important decision-making processes. It is this, probably more than any other facet of business, where the Directors depend on their business partners, such as Avanti, to provide up-to-date and proactive advice.
Accurate budgeting is one of the cornerstones of a company’s successful fiscal management. It is often said that ‘cash is king’, and understanding the balances between revenue and expense is paramount to success. It should not be esoteric but fundamental. Planning is preparing for an event yet to happen, a purpose of mind to make certain that whatever befalls the company can be adequately dealt with.
It is also often stated that past performance is no guarantee of the future. However, a thorough understanding of how and where revenue was achieved, and likewise expenses met, will assist a company’s future plans.
For example, ask the questions:
- What were my net profits?
- What were my staff costs in relation to our sales?
- How long is it taking us to collect on our sales invoices?
We can answer these, and many more questions, in an easy to understand format. You can choose if you wish to have the data portrayed statistically or graphically.
Does your tax accountant provide proactive advice?