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Budgeting & Planning

Budgeting and Forecasting Services

It can understandably be very difficult to make business decisions, especially if you do not have the right information to determine if those decisions are sound. It’s good to have long term business goals, but those goals need to be realistic and there must be a strategy in place to help you achieve them.

Alexander Bright has a team of qualified B2B accountants who offer a wide range of budgeting and forecasting services for Australian businesses, including budgeting and business planning. We can work with your long-term business goals to design a realistic yet lucrative business plan.

Effective budgeting and business planning can have a significant impact on how the success of your business. It can help with securing finance, assessing potentially profitable business opportunities, and safeguarding the survival and growth of your business.

What is Budgeting in Business?

Budgeting is an estimate of income and expenditure set over a future period of time by a business to enable it to set goals and targets. Budgets work as a great control and comparative tool to understand where to spend or not spend money.

Accountant & Advisor

 

Why is Budgeting & Business Planning Important?

  • It provides your business a roadmap to follow
  • It allows you to plan ahead of time and instil discipline at every level of the processes
  • It allows for exploration of potential investment and strategy, as a budget will allow you to establish reserve funds to set aside
  • It works as a great tracking tool to compare against benchmarks

Our Approach

Our approach is tailored to the client’s specific needs; however we take the following basic steps to produce the best results:

  1. Set up SMART Goals (Specific, Measurable, Attainable, Realistic, Timely)
  2. Collect financial and non-financial information and weight it
  3. Track and analyse money coming in
  4. Track and analyse money going out
  5. Review cash flow and set up a budget in line with short term strategy
  6. Provide a multiple scenario based budget draft to finalise

Contact Alexander Bright Today

For more information regarding budgeting and business planning or to get a quote for our budgeting and forecasting services for small and medium sized businesses, contact Alexander Bright today.

Why Choose Us?
Tailored Services
Tailored Services

We tailor a package that best suits your needs so that you don’t spend any extra on what you don't need.

Fixed Price Assurance
Fixed Price Assurance

We quote on fixed price packages upfront so that our clients can plan their expenditure better.

We Save you Time
We Save you Time

We enable businesses to focus on their core competencies by taking charge of what we do best.

Committed to Innovation
Committed to Innovation

We use the latest technologies to make our client processes as lean as possible.

Value Added Services
Value Added Services

We are not just your accountants but also your trusted business advisors.

Financial Wisdom
Financial Wisdom

Our lead B2B tax accountants & consultants are FCCA, CA & CPA with years of local and international experience in leading FTSE & ASX companies.

Have a Question? Frequently Asked Questions

Yes, we have access to data of more than 2 million small & medium-sized businesses by industry and business types.

Our benchmarking process would include flexing your financial information to make like to like comparison with that of benchmarking data and providing recommendations on improvements.

Our basic Bookkeeping & Accounting services includes a yearly introduction to the analysis of financial performance from our accountants with key ratios and recommendations.

We can also provide this on regular basis. Please visit our Business Intelligence page under the service section.

Yes. We aim to provide you with a competitive price based on drivers – i.e. hours, volume, the expertise of service etc. In addition, we aim to tailor our services to suit your needs at a competitive price point.

Tax Legislations and accounting standards change on regular basis and can impact various reporting processes. We have extensive resources from publishers and regulatory bodies to provide you with frequent updates on latest changes in legislation through newsletter, blogs & social media.

We also train our staff on regular basis and update our processes to reflect the application of the latest rules & best practices.

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