by Mick Devine | Last updated Feb 25, 2025 | Budgeting, Cash Flow Forecasting
Whether you are budgeting for income received in advance or handling accruals and prepayments on the expense side, it is easy to manage in Calxa. It wants a little bit of setup, and there are a couple of ways of doing it, but you will get the results you want with...
by Mick Devine | Last updated May 27, 2025 | Budgeting, Educational
Here are our thoughts on what is required to prepare reliable budget reports. It’s no good presenting reports to your board, manager or your bank that contain errors. This checklist will ensure that you produce good, reliable, board-ready reports. 1....
by Mick Devine | Last updated Sep 23, 2021 | 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 where you...
by Mick Devine | Last updated Nov 15, 2022 | 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 shortcut with our budgets by extrapolating from last year’s results will generally give you a fairly...
by Mick Devine | Last updated Oct 21, 2024 | Budgeting, Product Information
Budgeting is seen as a chore by many people There’s the sometimes-endless negotiations over what goes in the budget and then there’s the often tedious task of recording the budget. And then it needs updating. To make work easier and more efficient, we have created...
by Mick Devine | Last updated Aug 26, 2025 | Budgeting, Cash Flow Forecasting
Understanding the difference between budgets vs cash flow forecasts is essential for the accurate financial management of any business. This article goes through the essentials of each. You will better understand the differences between budgeting and forecasting and...
by Mick Devine | Last updated Apr 22, 2025 | Budgeting, Educational
Budgets are all about preparing for the expected and the unexpected as realistically as possible in the fastest time possible. This article will guide you to preparing next year’s budget using Calxa. To start off, prepare a budget for Next Year that is based on...
by Mick Devine | Last updated Jan 28, 2025 | Budgeting, Cash Flow Forecasting
You do have a business plan, don’t you? When you prepare your 2025 business plan, do you consider multiple possible futures for your organisation? Evaluating best-case, worst-case and most-likely scenarios can be valuable in deciding what to do. Make the...
