Financial management and accountancy - Budgeting

Target costing templateIn tough times, calculating your prices by adding a profit margin to cost can result in your products becoming uncompetitive. However, you might be able to beat your competition by using target costing to help set prices. What ... Read more

Funds flow reconciliationA rolling monthly cash flow forecast should be based on a profit and loss forecast. However, certain movements in the profit and loss forecast are non-cash items for the month concerned, for example, changes in provisions, de... Read more

Strategic goal settingStrategic business planning involves more than simply preparing a budget or one-year plan. You will need a set of business goals, say, covering the next three years to form part of the budgeting process. Your managing director (... Read more