We are entrepreneurs, and one of the biggest challenges we and our clients face is having the right information to accurately plan for an uncertain future. The best tool we’ve found for this process is a budget and forecast built into the accounting system, which has been invaluable in helping our clients gain perspective and analytical insights to make strategic business decisions for their organizations with confidence.
With emerging technology, changing trends, and unexpected events, proper planning is more critical than ever. Our budgeting and forecasting process has been a proven tool to help us and our clients not just maintain their business success, but to also thrive and scale.
Budgeting & Forecasting Process for Businesses
- First, we review your prior year financials and accounting system to get a baseline of your company’s health and threats or opportunities. If you are a start-up, we can develop the budget and forecast from scratch by analyzing similar companies in your industry to use as a benchmark.
- Next, we review and discuss any current year changes that may affect your revenue and expenses such as new revenue streams, hiring new employees, or moving locations, etc.
- We then develop the monthly budget and revenue forecast and load it directly into your accounting software, so you always have the budget/forecast tied into your real-time financials.
Why Use Wendroff & Associates? Our Specialized Experience.
- We specialize in business analytics and have developed hundreds of budgets and forecasts for government contractors, law firms, engineers, architects, nonprofits, and other professional service organizations.
Let Wendroff & Associates help your business thrive and scale through our Business Budgeting & Forecasting services. For more in-depth services, see Business & CFO Consulting
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