Lunch and Learn: Why having a budget is crucial and how to make one
Posted: Thu 6th Aug 2020
In this Lunch and Learn, business accountant Paul Savage explains what a small business budget looks like, the importance of having one and how you can make one for your business.
The current economic uncertainty makes it difficult to budget. However, by creating a plan of what will happen to your cash if activity level increases or decreases by various percentages, you can get an understanding of how your business will survive in different circumstances.
I'm here to help. I'm volunteering free advice calls of up to an hour as part of the Recovery Advice for Business scheme, over the next 6 months. Please get in touch to see how I can help your business. As a chartered accountant with a career spanning over 35 years I have been fortunate enough to deal with business owners throughout the North Eastand have experience of a wide range of industries. Now, more than ever, every business owner needs to have a clear picture of how their business will be able to survive and prosper over the next few months. I want to help you understand that picture and convert your plans to a detailed forecast of what your bank balance will look like. Together we can plan your path to a successful future All of my clients are assured of a cost effective and professional accountancy service which is individually tailored to their own needs. Being part of AIMS Accountants for Business also means that you agree a fixed fee with me before any work starts and I help your cashflow by taking payment by direct debit. I am a business owner myself. This means that I also understand the challenges and pressures faced by all business owners on a daily basis. I am here to take the stress of financial planning, tax and reporting away from you so that you can focus on what’s important i.e. your business! Find out for yourself how you can benefit from my accounting experience and extensive technical knowledge. I can focus on the numbers, so you can focus on your business. And please, I am here to help so don't try to struggle through on your own. I'm volunteering free advice calls of up to an hour as part of the Recovery Advice for Business scheme, over the next 6 months. Please get in touch to see how I can help your business.