Budgeting & Forecasting

What is it?
A budget is a plan for how your company will allocate its resources to achieve its business results. It is a blueprint for how and when you will spend money. A forecast is a monthly modification of the budget that reflects what has actually been spent, and accurately predicts how spending will occur for the remainder of the year.

Why do it?
A plan for allocation of resources is an essential part of a business strategy. Allocation of financial resources is as important as allocating tasks to employees. They work together to move the business toward the desired goals.

How can we help?
EnVision can help you create a simple and accurate system for developing a budget, tracking your spending, and continuously forecasting year-end results. We can also provide you with a tool, built with Microsoft Excel, which helps you do the following

• Determine the level of spending detail that you wish to track
• Develop an annual budget that shows your anticipated spending for each item each month
• Track your actual level of spending by item
• Re-forecast future months spending
• Roll up item detail to the line-item level
• Roll up multiple line-items to the cost center level
• Roll up cost centers to the divisional level
• Roll up divisions to the total company level