Many businesses prepare annual budgets and compare actual against budget results monthly.  Budgets completed by 31 July are usually out of date by 31 December.  The real business world changes constantly and the best way to budget is by using rolling 12 month forecasts.

On completion of first quarter accounts for 30 September, you should forecast for the next 12 months, to 30 September the following year.  Instead of focusing on overheads and bank charges, the focus should be on Sales, Cost of Sales and major overhead items such as Payroll.

With this information businesses can determine and implement the actions required for the next quarter, and next 12 months.  These actions can be reviewed quarterly to determine whether they are effective and what new action steps are required for the next quarter.

To register for this course, please complete the attached Training Course Booking Form and return it either via email, training@sondergaard.com.au or fax 08 6313 1902.