Business & Financial Forecast Planning

Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs. The result is often rushed judgements, over or under-capacity, or missed opportunities.

Many businesses have need of much more than just a forecast and possibly will be required by a bank or other provider of finance to prepare a comprehensive business plan. EA again have worked closely with clients to produce such business plans. This experience vastly enjoyed by both the client and us and as a by-product, the client learns new financial and management competencies, which provides much satisfaction for both parties.

Financial Forecasting and Budgeting

Just as management information is important for many businesses, there are those who call for more proactive assessment of the future. EA have for many years have assisted clients in producing flexible forecasts that include profits and loss accounts, balance sheets and cash-flow forecasts so loved by bank managers and financiers. This enables the business managers to assess the impact of a range of decisions on their business, commonly known as “what if” decisions. The forecasts can be updated periodically and if desired incorporated as budgets within their financial reporting programs and actual performance measured against budget.