The start of another financial year coupled with signs of an improving economy have prompted a number of businesses to obtain help from us with their budgeting and cash flow planning.
Whilst each business anticipates their revenue to grow, they face a number of challenges, such as:
- Funding working capital
- Term and timing of debt repayments
- Expected tax liabilities
To assist each business understand the key financial drivers and potential outcomes, we worked with them to prepare a 3-way budget, comprising:
- Budgeted Profit and Loss Statement
- Budgeted Balance Sheet
- Cash Flow Projection
Based on the results of the 3-way budget we then worked with each business to develop solutions to their specific issues that arose from the planning. As a result, they are now working to maximise the opportunities they have identified and minimise the financial risks they were facing.