Projections-Budgeting
BSNS’s Projection/Budgeting services can be used by both businesses and individuals and is used to provide a picture of money that is coming in and money that is going out. Once these figures are determined you are able to put in place some forecasting and forward planning solutions that will help you be able to cover any future expenses, if and when they arise.
If your Projections/budget shows that you are making a Profit, this is referred to as disposable income, and loss is seen as the amount that you are overspending. Upon completion of a budget if you find that you are spending more than you earn, then action needs to take place, and you should either cut back on your spending, or find more sources of income.
Additionally, your current Projections/Budgets may show a profit but you may want to increase that amount, and so again, the completed budget can help you see where you may be able to cut costs or further increase incoming funds.
Projections/Budgeting
A good budget/projection is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.
BSNS Consulting aims to provide our clients with interim financial statements and taxation estimates to assist in their cash flow planning and anticipated obligations. Interim financial statements assist greatly in obtaining finance in a timely manner.
The techniques we utilise in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of projections/budgets and we can help you design the right one for your needs and requirements.
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