Financial Reporting
Forecasting is the practice of using the past and current facts to give a conclusion on the future that is reasonable to assume. Some say that forecasting is an art and some say it is a science. In either case, it is one of the most important exercises that one does in managing an organization.
Without having an Idea of what you are likely to sell, you don’t know what you will need. Without having an idea of how your cash will flow, you might not have the cash to buy what you need. To err in one direction raises cost and in the other direction looses business. Either way is costly.
Dallas Business Builders can help you with a 5 year forecast to help in longer term planning, shorter term forecast for more immediate management, down to day to day resource planning. We will help to make forecast a way of life for your organization.
Budgeting is the tool that is used to accomplish a specified result. While forecasting can be the most important exercise for the management of your business, budgeting can be the most complex.
A good sales forecast can give you an idea of how much gross revenue you will get but it does not address the cost involved in generating that revenue. These cost are regulated by a budget to determine how much money can be spent on each aspect of cost to result in a specific net income or return.
Dallas Business Builders can help you with the simplest case of making broad changes across the board to very sophisticated sensitivity studies on each and every cost and expense relevant to the bottom line.
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