No business can know exactly what the future holds. But budgeting reduces the level of uncertainty, helping you anticipate problems, learn from the past and improve your ability to control the business. This briefing will help with internal management decisions. People who own shares in the company or other equity providers may also require a budget or forecast to be provided regularly. It outlines:
- How to forecast the figures you need.
- How to prepare cashflow, profit and loss, and balance sheet budgets.
- How to use your budgets.
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