Beryl delivered a great workshop and gave some excellent insights on how to get our message across to our clients.
They convert these forecasts into financial targets. So you can compare your actual achievements against your target figures as you go along and be certain about how closely you are keeping to your financial objectives.
The business environment rarely stays the same. When youmeasure your actual figures against your target it gives you chance to acknowledge how changes in circumstances have affected your business and respond appropriately to stay on course.
Monitor your cash flow
A financial forecast is key to monitoring whether you have the cash to fund your business goals. And when you don’t it gives you early warning so you can approach your bank in advance to request extra borrowing.
The Sibbalds accounting team is great at setting and monitoring financial forecasts. We can put your financial targets in place and provide the support you need to analyse your actual results.