Budgeting
Cash Flow Scenarios to Mitigate a Crisis
Preparing multiple cash flow scenarios will help you think through the implications of different situations and be prepared. This means that you’ll come to a much quicker decision later on, when you’re under pressure to act fast.
5 Ways of Budgeting Made Easy
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.
Prep for Next Year’s Budget
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...
Reviewing your Mid-Year Budgets
The half-way point in your financial year is always a good time to step back and review how you’re going, adjust your forecasts and plan for the rest of the year. Follow these tips to take stock, do a mid-year budget review and get the most out of Calxa. If you are...
Making Sense of Balance Sheet Budgets
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 many people. In this article, we’ll explain the principles involved in using balance sheet budgets, rather than all the technical details.
Budgets: A GPS for your Business
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...