Online Budgeting and Forecasting Services for UK Business

Budgeting & Forecasting Services For UK Based Business


Budgeting and forecasting are vital components of financial planning that help a business in the decision-making process, which helps the business succeed. In the budgeting process, you plan all your expenses, which allows you to understand whether your finance is enough to operate smoothly for a given period of time. With the help of a budget, one can prepare a business's financial plan to manage better cash inflows and outflows monthly, quarterly, and annual.

Forecasting, on the other hand, helps in determining the financial status of your business. Here, you can make future financial projections with the use of historical data. Forecasting helps to identify trends that are used to compare the financial position. You can compare your financial position with a business's historical data, competitors' data, or other companies in the same industry. It is essential to understand how budgeting is different from forecasting, and this will enable you to perform both activities with finesse. While in the budgeting process, one prepares a financial planner. In forecasting, the exact planner is used to predict whether the company will meet or exceed the expectations from the budget.

At times businesses might need professionals to help with their forecasting and budgeting process, where Whiz Consulting comes in. Whiz Consulting provides budgeting and forecasting services to help you make a strategic plan to achieve your short and long-term business goals. We have been providing accounting and bookkeeping services to businesses based in the UK for a decade now. Whether you need budgeting and forecasting services in Birmingham, Edinburgh, London, Manchester, and other places in the UK, we can provide the same with efficiency. We have been helping businesses with their forecasting and budgeting process and help them to plan their business finance effectively. Outsource the budgeting and forecasting process to us today, and get an accurate picture of your business performance.

Why do you need Budgeting & Forecasting?


It must be noted that irrespective of the size of operation of the business, you will have to prepare a budget and forecast plan. Here are some of the reasons why your business requires a budgeting and forecasting process -

Budgeting and Forecasting Services by Whiz Consulting


With our outsource budgeting and forecasting services, you can be assured of having an accurate picture of your business. We will provide a yardstick (in line with industry standards) to help you measure your performance. Partner with us for the outsourcing of your business' budgeting and forecasting services today and be assured of an accurate picture of your business in terms of performance, with help you do by preparing the following -

Operating Budgets

Quarterly, half-yearly or annual budget for your business and its departments and for individual projects budget.

Project Budgets

We prepare a budget for the entire life of a project. This budget can be used to control and report individual project costs.

Capital Budgets

We prepare the capital budget that helps identify, assess, and plan for a company's capital needs.

Cash Flow Forecasting

We prepare a cash flow forecast that assists in identifying budget variances.

With our outsource budgeting and forecasting services, you can be assured to have an accurate picture of your business. We will provide yardstick (in line with industry standards) to help you measure your performance.

Why Choose Whiz Consulting for Your Budgeting and Forecasting Services


Whiz Consulting provides clients with assistance for budgeting and forecasting services in Australia. You can outsource your budgeting and forecasting process to us and ensure that you benefit from it in the following manner -

Cost-effective service
Vast experience and expertise
Highly qualified expert team
Use of advanced budgeting & forecasting tools
Strategic business planning process assistance
Tailored service as per the industry or your requirement

Frequently Asked Questions (FAQs)


Budgeting is a process carried out to plan for all financial transactions helping to ascertain any upcoming contingencies. Forecasting is the process of ascertaining the future financial outcome of your business.
Some key differences set budgeting and forecasting apart. Budgeting is preparing a financial planner, while forecasting is to use this exact planner and predict whether the company will meet or exceed the expectations from the budget.
Budgeting & forecasting might be a menial task but holds great value for the business owner. It helps organise and allocate its funds optimally. When you outsource budgeting & & forecasting services, you reduce workload for your accounting department or even hire personnel for budgeting tasks.

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