by Mick Devine | Last updated Aug 4, 2019 | Budgeting
5 Ways of budgeting made easy walks you through the steps of doing your budgets in the Calxa app. Essentially, Calxa is an alternative to preparing budgets in a spreadsheet. If you are looking for ways to make your business budgeting easy, read on. It Doesn’t... by Calxa Team | Last updated Oct 1, 2019 | Budgeting, Educational, Product Information
A guide to preparing your budgets for next year. Budgets are all about preparing for the expected and the unexpected as realistically as possible in the fastest time possible. You need to create a budget that is based on past performance and future projections. The... 
by Mick Devine | Last updated Oct 1, 2019 | 3 Way Forecast, Budgeting, Educational
A cashflow forecast isn’t complete without considering what’s happening in your Balance Sheet accounts. It’s fairly straightforward to master the skills needed to put together a Profit & Loss budget, but movements in assets and liabilities are less familiar to... 
by Mick Devine | Last updated Oct 1, 2019 | Budgeting, Educational
How do budgets guide your business to your planned destination? We often get asked this. A wise man once described accounting as like driving a car using only the rear-view mirror. It gives you a good idea of where you’ve been but very little indication of... 
by Mick Devine | Last updated Oct 1, 2019 | Budgeting, Educational
Building your budgets back to front means starting with a blank piece of paper and budget for a desired net profit. Many of us start from last year’s results. Taking a shortcuts with our budgets by extrapolating from last year’s results will generally give you a... 
by Mick Devine | Last updated Aug 4, 2019 | Budgeting, Cash Flow Forecasting, Educational
Understanding the difference between budgets vs cash flow forecasts is essential for the accurate financial management of any business. To appreciate the difference between a budget and a cash flow forecast, we need to define the key financial accounting terms: What... 
by Mick Devine | Last updated May 15, 2019 | Budgeting, Educational
Budgets are all about preparing for the expected and the unexpected as realistically as possible in the fastest time possible. You need to prepare a budget for Next Year that is based on past performance and future projections. The best results will come from a good... 
by Mick Devine | Last updated Sep 17, 2019 | Budgeting, Cash Flow Forecasting, Educational, Reporting
In our previous article in this series we discussed the practical steps needed to prepare budgets and cashflow forecasts. In this final part we will focus more on the review and analysis of your reports – understanding the end result. At its simplest, the review of a... 