Budgeting

Financial forecasting resources for your business
what are total costs in accounting
4 min read
4 December 2024

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...

tape measures showing centimetres
9 min read
8 May 2024

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
4 min read
1 May 2024

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
6 min read
2 April 2024

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-is-a-rolling-budget-hero
7 min read
15 February 2024

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...

calculate startup costs featured image
6 min read
27 November 2024

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...

Vertical Analysis
5 min read
10 January 2025

What is vertical analysis?

Vertical analysis is a method of financial statement analysis in which each line item is listed as a percentage of...

the rule of 72
9 min read
6 September 2023

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 flexible budgeting
6 min read
17 August 2023

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
7 min read
8 August 2023

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
4 min read
3 August 2023

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
3 min read
7 June 2023

What are Accounting Standards?

Accounting standards are a set of principles and guidelines that all accounting professionals and businesses must follow when preparing financial...

financial forecasting and planning with ChatGPT
13 min read
9 May 2023

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 calculation
5 min read
6 April 2023

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
10 min read
14 August 2021

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
11 min read
15 November 2024

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...