Budgeting
Modelling the Future Through Financial Uncertainty: Why It Matters More Than Ever
In today’s world, uncertainty seems to be the only constant. From consistent inflation, to global events that ripple through supply...
What is Total Cost: A Definitive Guide
Total costs refer to the overall business costs and expenses incurred when creating goods or services. Everything that your business...
What is a cash budget? A comprehensive guide
A cash budget is a detailed plan that outlines a company's projected cash inflows and outflows over a specific period....
Variance Analysis in Budgeting & Accounting
By conducting variance analysis, businesses can identify areas of improvement, determine the causes of any deviations from the plan, and...
The Advantages of Working with Excel Templates and Spreadsheets
Even before Microsoft Excel revolutionised the spreadsheet game, businesses have been using spreadsheet-based formats to assist with their success.
What’s the Difference Between Forecast vs Actuals
Comparing forecasts to actuals is a way to assess the accuracy and reliability of the predictions. It allows for an...
What are Rolling Budgets in Finance?
A rolling budget is a financial planning approach where the budget or forecast is regularly updated by adding a new...
How to Calculate Startup Costs with Examples
Estimating your start up costs can be daunting. Let us help you identify what you need to research when putting...
What is vertical analysis?
Vertical analysis is a method of financial statement analysis in which each line item is listed as a percentage of...
What is the Rule of 72 in Finance?
The Rule of 72 is a fundamental financial concept that provides a quick and easy way to estimate the time...
What is a Flexible Budget in Accounting?
This blog aims to inform you on the concept of a flexible budget, shedding light on its significance, the components,...
What is Incremental Budgeting in Finance?
Capital budgeting enables informed decision-making regarding the allocation of financial resources for projects that contribute to the company's growth and...
Understanding Zero-Based Budgeting: A Beginner’s Guide
Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. This...
What are Accounting Standards?
Accounting standards are a set of principles and guidelines that all accounting professionals and businesses must follow when preparing financial...
How to Use ChatGPT for Financial Forecasting and Planning
Financial forecasting and planning are essential for any business, big or small. However, traditional financial analysis methods can be time-consuming...
Debtor Days Formula & Calculation
The debtor days formula is a useful tool for businesses to understand how long it takes to collect payments or...
Budgeting And Financial Scenario Modelling For Restaurants
When looking at budgeting and financial scenario modelling for restaurants, identifying and understanding the effects that events and decisions will...
E-Commerce: An Introduction to Business Forecasting and Budgeting
All business owners should be using forecasting for one reason or another. Especially for e-commerce, business forecasting provides a tentative...