Forecasting & Budgeting

Every business, regardless of size or industry, whether in a period of growth, transition, or maintenance, should consider forecasting and budgeting as essential in ensuring long-term success. Many business leaders are aware of the importance of these processes, however budgets are often not prepared properly or aren’t adhered to and forecasting best practice isn’t followed. 

If prepared correctly and with a thorough understanding of the business, budgets can help estimate revenue, expenses and cashflow. Forecasting can allow business owners and leadership to gauge their future position according to different scenarios - which an experienced adviser can assist with.

By assessing the current state and past performance of a business we can help predict future results, allowing businesses to determine how they should allocate their resources and future budgets.

How BDO can help

Working with our advisers, you’ll gain the insights you need to:

  • Understand the key drivers of your business
  • Develop credible, three-way forecasts you can discuss with bankers and investors
  • Conduct scenario analyses
  • Make informed commercial decisions
  • Establish a financial reporting framework to compare actuals to budgets.

Make sure your business is heading in the right direction, and that you have numbers that provide you with clarity to drive your business' growth. Speak to our team today. 

The importance of budgeting and forecasting

Our business services advisers provide their insights on the importance of budgeting and forecasting, covering best practice, 
the five key steps to creating a budget, and the importance of being proactive - including seeking assistance before it becomes essential. Read the article.

Understanding Cashflow Forecasting

Help with understanding the forecasting process, including common challenges, a best practice approach and real-life applications.

Contact us

Contact our team to discuss your needs using the request for service form. Alternatively, call us on 1300 138 991 to speak with an adviser in your nearest BDO office.

Meet our team