Business Plans, Cashflow Forecasts, Budgets



Do you remember the story about Alice in Wonderland faced with making a decision about which path she should take?  The Mad Hatter asks her where she’d like to get to.  Alice retorts that it doesn’t really matter.  So the advice she is given is that it doesn’t really matter which path she takes. Please don’t be a business that doesn’t mind which way it is going!  Let us assist you with a business plan and a budget as a starting place for taking control of the direction you grow your business.  Sometimes it will be the Bank who will ask for a Business Plan and a three year Cash flow Forecast if a loan is being requested. 

  •  BUSINESS PLANS:  A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.  A business plan helps you to:
    • clarify your business idea
    • spot potential problems
    • set out your goals
    • measure your progress

  • CASH FLOW FORECASTS:  This is an estimation of the money you expect your business to bring in and pay out over a period time. It should reflect all of your likely revenue sources like sales or other payments from customers and compare these against your likely business expenses like supplier payments, payroll costs, premises expenses and tax liabilities.  The starting point will be your current Bank balance and the end point will be an estimate what your Bank balance will look like if the anticipated income is realised and expenditure is kept to what has been estimated.
  •   BUDGETS: The process for preparing a monthly budget for your business requires collecting information and following some simple steps. Firstly, list all sources of monthly income or revenue. These will include sales and interest from investments. Secondly, list all your required, fixed expenses, like payroll, rent, utilities, phone, IT. These are payments you must make every month, even if you have less income than expected. When you are estimating income and expenses, estimate income low and expenses high. In other words, be pessimistic about both income and expenses. Then when something happens (and it always does), you can be prepared.

WHAT IS THE DIFFERENCE BETWEEN A BUDGET AND A CASH FLOW FORECAST?   A budget starts with anticipated income whereas a Cash Flow Forecast starts with the actual current bank balance at the start of the trading period.

If you could do with some help on this please give us a ring, we’d love to help you.

Welcome to Bookkeeping Synergy, we are a team of professional, certified bookkeepers, offering cloud bookkeeping services for micro, small, and medium-sized businesses in Horley.  

Our approach is practical and friendly and provides our clients with the information necessary to better understand their business and make well-informed business decisions.

One of the benefits of choosing Bookkeeping Synergy as your preferred bookkeeping service is that all our bookkeepers are local, experienced and have grown a passion for building relationships with local businesses.

We continually carry out reviews of your account to ensure that your business operations are run in the most tax-efficient manner.

Contact us today on 01293 804 730 or email us at to discuss your business requirements.

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