Are budgeting and forecasting a source of stress and anxiety within your organization? Budgets and forecasts should be tools that help you navigate the bends and turns of the unfolding fiscal year – not sources of frustration.
Cordia Partners has pulled together some helpful information on how budgeting and forecasting work together.
Download ‘The Essentials of Budgeting and Forecasting’ to keep as a guide for putting your key financial reports to better use in managing your organization.
Budgeting and Forecasting: What are your financial reports telling you?
This report identifies how your financial reports (Income Statement, Balance Sheet, and Cash Flow Statement) can influence your budgeting and forecasting process. There are also suggestions on areas of focus, as well as the types of questions you and your team should be asking as you review financial reports.
Forecasting: A Better Approach to the Process
If your forecasting process seems to be more guesswork than science, know that you are not alone. Cordia Partners has worked with hundreds of organizations assisting our clients in developing a better approach to forecasting.
Without accurate data and a methodology based on best practice, a forecast that is overly optimistic or overly cynical can lead to bad business decisions.
With a clear and accurate understanding of the current business environment, it becomes easier to identify threats that can be mitigated and opportunities that can be maximized.
Look to the Experts at Cordia Partners
Get started on improving your process by downloading this helpful, free resource from Cordia Partners - ‘The Essentials of Budgeting and Forecasting’. Remember, you may always schedule an initial consultation with us so you can go beyond the general and into the specifics of meeting the finance and accounting needs of your organization.