Thinking about changing your accountant or starting a new business?

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If you want to know more about Budgeting and how it can help your business call us and we will talk it through with you.

Call Astons Accountants on 01582 459500 and speak to an expert.

Forecasting

Budgeting

Budgeting is a good and useful discipline for running your own business, whether you are self-employed or running limited company. It helps to plan ahead and control expenses and cash flow.

Budgeting is the system of planning ahead – looking at how sales can be generated, how much income they will bring in, what sort of margin will be earned from that, what sort of expenses will or would be incurred and how it will all be funded.

It can be a useful tool to consider not just when your business will generate sales but more importantly, when it will receive the money from your customers. Raising the sales invoice is only the start and each customer will be asking for generous payment terms.

Banks often ask for budgets and forecasts when considering a company, sole trader or partnership for a loan or overdraft decision.

If you want to know more or talk about your specific situation, call us and we will talk it through with you.

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Astons are a 'breath of fresh air' – they are different from your average firm of Accountants. Mark and his team have helped us enormously in growing a very successful and profitable business. We meet Mark regularly to discuss our strategy and to ensure we are on course to meet our annual growth targets.

O. Weber-Brown, Partner, 2020 Outsourcing LLP
Birmingham Business Park, Birmingham