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 May 23, 2023 | 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 28, 2023 | 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...
by Mick Devine | Last updated Jul 3, 2022 | Budgeting, Cash Flow Forecasting, Educational, Reporting
The difference between a budget and a cash flow forecast can sometimes be confusing for newcomers to the world of accounting. They can seem to show similar information, yet both are very different and have different uses. Both are essential for the accurate financial...
by Mick Devine | Last updated Jun 22, 2022 | Budgeting, Educational
Careful budget planning for Not-for-Profits is critical as it provides a guide to how you intend to use your organisation’s resources. Your budgets also provide you with a mechanism to monitor performance by identifying variations and then deciding what action needs...
