Most people draw up a business plan when they first start up in business as it is often a requirement to raise bank or grant finance although in many cases the plan is not referred to again once the finance has been obtained.
However, an important part of the management process is to set goals and to monitor progress against them. By comparing budgeted income and expenditure with actuals on a monthly or quarterly basis it is possible to gain an understanding of how actual performance is deviating from the plan and take corrective action in a timely manner.
We can assist in the preparation of a business plan together with financial budgets and forecasts which can then be used as a tool to manage the business as well as setting out the vision of the management for the future.
This service is often combined with our management accounting service by which we compare the budget with actual and report on variances for the period under review.
First Floor, Pembroke House, Ellice Way,
Wrexham Technology Park,
Wrexham, LL13 7YT.
Haswell Brothers LLP T/A Haswells | Registered in England & Wales | Company Number OC416280
Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales