Srpski jezikBudget
A budget is a financial document used to estimate and plan future revenues and expenditures. The budgeting process can be used by both individuals and companies to assess how they can continue to operate in the most efficient way with their projected revenues and expenditures. Budgeting is essential for a company to set its goals and assess the sustainability and efficiency of its business idea. It is also a critical management system for a company’s financial health, identifying new investment opportunities and measuring progress.
Budget is the oldest management tool in the world. Even today, all countries in the world trust its reliability. Cost and revenue planning and monitoring achieves business security provided by very few other business control and monitoring instruments.
The budget process differs for an existing business from the budget for start – up business. Existing businesses have a history of income and expenses that can be relied on in the budgeting process for future periods. There are no historical data in the new businesses, so it is necessary to make a thorough consideration and a careful projection of future revenues and spending.
The budget also shows your potential creditor or investor the plan of your business for a certain period. A reasonable budget can thus increase your credibility with potential investors.
Our professionals will identify for you all regular and extraordinary income, as well as fixed and variable costs, by their places of origin (profit / cost center) and compile a reliable budget for your business.
By comparing the budget against the actual result, we will enable you to update and control the planned budget, identify possible deviations in time and help you adjust your current business to bring it in line with the planned one.
This way, you will always have in your hands a reliable way to control your overall business or individual investment line within your business, as well as a way to identify measures to improve your business performance.