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In small, medium and large companies, the common denominator is that every single one must design and adhere to a budget. For many, this is easier said than done. With many professionals focusing on providing the core product or service the business is built on, the importance of budgeting can be easily lost. Without a…

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For a majority of businesses, Excel is still the basic budgeting tool used. Consequently, Excel deeply influences the way the business budgeting process works. The Typical Budgeting Cycle Budget planning typically begins around 4 months before the final budget is due. For the sheer workload of preparing the budget accounts for the amount of time…

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Budgeting and forecasting are vital tasks for the running of any business. These necessary functions provide information that guides the decision-making process all year long. One such piece of information is how much a business is currently worth, and how much it is expected to grow over the budget period. Business valuation forecasting can be…

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Choosing new software to handle your company’s budgeting and forecasting activities is not an easy task. Between finding something to suit your unique needs and wading through the multitude of products available, it can be overwhelming, to say the least.  But if you know in advance which questions to ask, the process becomes much more…

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It’s the question dreaded by just about anyone heading into a budget review meeting – Where did that number come from? With so much of forecasting consisting of, at best, educated estimates, and at worst, guesswork, sometimes that question can be just about impossible to answer. Wouldn’t it be nice if there was a clear…

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