Our finance director services help budget and forecast for companies. Budgets are usually drawn up once a year and give you the opportunity to assess the likely financial impact of expected changes/trends. This may highlight the need for action, e.g. to raise additional funding or changes to staffing levels. A budget also provides a benchmark against which to measure your actual performance. If you are off track you may need to reconsider your plans and the revised scenario is reflected in a forecast. So the budget is a plan for where you want your business to go, while a forecast is the indication of where it is actually going and a prompt for taking action.
Numbers and Beyond finance director advice and services can help you to prepare both budgets and forecasts, thereby giving you a benchmarking tool and a basis for making informed decisions.