Business Annual Forecasting
Now, How, Where
We look at planning Now (Where are you now ) Where (where do you want to be) and How (how do you get there) with a passive approach.
Business Annual Forecasting is best practice in any business and critical to survival and growth especially as businesses change, adapt and grow. Having an annual forecast in place and regularly monitoring the actual results against the forecast on a monthly basis will enable businesses to help track your financial performance against your goals, make better decisions and respond to changes in your business before it's too late.
Our approach to developing the Business Annual Forecasting is collaborative and involves you completing pre-work to confirm your cashflow, budget and expenditure so we can work with you to complete an accurate report. We will then facilitate a session to develop the Annual Forecast with you.
Once in place, monthly reporting on the actual vs forecast will be provided along with a call to discuss the results and any queries you may have.
Benefits of forecasting using our Business Annual Forecasting Success Package
Assists with lending requirements
Identifies ways to avoid late payment penalties and interest from suppliers
Improves communication and relationships with financiers and suppliers
Gives you an understanding of cash and liquidity for better decision making
Helps you understand the key cashflow drivers and the Cash Conversion Cycle in your business
Enables you to predict and plan for large cash outflows
Teaches you how to monitor your actual cashflow against forecast in any accounting or reporting software
Provides peace of mind that your cashflow needs are known and properly funded
Improves business processes that maximise cashflow, profit and business value
Drives client's businesses to achieve your financial goals in a controlled and managed way.
Our Business Annual Forecasting Success Packages help clients implement best practice solutions in order to achieve both business and personal growth and success.
At Beyond Your Numbers, our Business Annual Forecasting Success Packages help clients implement best practice solutions in order to achieve both business and personal growth and success. The Business Success Packages include the following services:
Annual Business Planning
Business Annual Forecasting and Monthly Reporting
Quarterly Business Coaching
Contact Leah from Beyond Your Numbers to book your first session. Annual Forecasting Rolleston.
Virtual CFO
A CFO is generally responsible for the financial management and strategy of a business. This encompasses cashflow management, budgeting and forecasting and strategic planning.
Clearly, the role of a CFO is very important to the success of a business. However, small and mid-size businesses often cannot afford a full-time CFO and this is where our Virtual CFO service comes into play and fits your team nicely.
Our Virtual CFO service provides all the benefits of an internal CFO at a fraction of the cost.
In our role as Virtual CFO, we become an integral part of your business, guiding your financial and strategic decision making to help grow and improve your business.
