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Budgets and forecasting services

At Alexander Accountancy we know that budgets involve building a financial picture of what you expect or want the future to look like. They can be based on where you are and current trends or they can be aspirational in terms of where you want to get to.

Forecasts are what is expected to happen given certain circumstances and can be constructed to be flexible and look at different scenarios. The process usually starts with existing figures showing where the business is and then projected forward in consultation with the client to build in hopes, fears and expectations. In many ways they are a financial Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis that leads to a financial road map.

Who can benefit?
Budgets and forecasts can be an asset to any business owner that wants to understand their options and where they are going, be it for ambitious projects and managing growth, or because of challenging circumstances and navigating difficult times.

They can be essential for planning investment and unfortunately for quantifying when something is not going to work. Instructions are usually motivated by ambitions, a knowledge requirement for better planning and management, or managing a perceived crisis.

Key benefits:
One of the most powerful tools any business owner can have is to know and understand their numbers. When Alexander Accountancy are involved, the business leads get the additional benefit that the numbers have been looked at by an independent business expert backed by colleagues with years of knowledge and experience, so even an inexperienced business owner has one of the most powerful local teams of small business experts supporting them.

Main outcomes:
Not only do clients get fully detailed budgets and forecasts broken down to a basic level, they also get access to interpretation and guidance to help them fully understand the figures and assistance with any decision making.

Compliance:
The service is not regulated, but figures are always prepared while considering how financial legislation may affect them.

Alexander Accountancy’s process:
The process can be quite quick and can be prioritised in extreme circumstances. However, that will be dependent on the availability of up-to-date figures and having access to the business owners for in depth consultations to fully understand their requirements, so the work meets their needs and expectations.

Our expertise:
Alexander Accountancy have senior staff who have worked in industry where this type of work is a way of life and essential when reporting to directors and shareholders, so they have practical hands-on experience and do not just come at it relying on academic knowledge.

How we overcome popular misconceptions:
Often clients cannot understand the huge benefits and advantages this type of work offers until they see it in action. It can be the difference between hoping things will work and understanding how to make them work.