Introduction
Budget, Forecast & Plan for More Profit
Simply reviewing historical financial statements is not enough. Taking the time to build budgets, do performance review and re-forecast the future drives better decisions. All important decisions should be made in the context of a budgeting/forecasting meeting weighing out the pros and cons in a systematic way with real data.
Everyone is looking for a tool that will instantly produce information that will yield better decisions. There is only one place to start for any business that is serious about making better decisions…starting the year with a line-by-line budget setting process. Fro m there, you can do performance reviews with budget vs actual comparisons and monthly rolling forecasts. Remember…it’s the process, not the end-product that adds value. This will take some time, but as time goes on your business will start making better decisions.
Benefits of Budgeting:
- – The budget sets the direction for the business
- – Budget setting discussions unlock ways to improve performance
- – Targets (with incentives) can drive improved sales or better expense/cost control
Performance Review:
- – Measure financial results in a comprehensive way with reports, charts, scorecards
- – Hold team accountable for results, reward good performance
- – Compare results to budget, question past decisions
Rolling Cash Forecast:
- – Tactical decisions should revolve around the forecast, understand their implications
- – Constantly understand cash position, make moves before it is too late
- – Have more confidence and stability, less stress
At Axiom CPAs, LLC we are experts in building budgets and plans, let us do the heavy lifting for you.
- – This will enable you to exclusively focus your time on the value adding discussions and thoughts, not complicated model-building
- – Because we are so much more proficient than the other firms, we can deliver this service at a price-point that our competition simply cannot achieve
We will facilitate and optimize the performance review process to focus on what is most important.
- – Drive the necessary discussions, ask the important questions
- – Simply show up to the meeting and we will have the analysis ready for discussion
Our experience with a diverse group of clients gives us a unique and insightful perspective that an exclusively in-house team would not have.
- – Share best practices in respect to optimizing your budget and financial review process
- – Develop actionable conclusions like specific cost/expense saving recommendations
Industry Focus
Manufacturing
Wholesale/Distribution
Professional Services
OUR SERVICES:
Tax Planning and Preparation
Accounting Services
Business Valuation Services
Litigation Support
Business Performance Management
