Budgets, plan vs actual and management reporting the owner can run the business by
Budgeting is a system in which the owner sees the company’s revenue, costs and cash month by month in advance and compares plan with actual. We set up budgets and management reporting for your business, an annual financial plan and a financial risk management system, and train your team to use them. The result is a handful of numbers you run the business by — not the accountant’s annual report.
Accounting in Spain answers to the tax authority and looks backwards: the report comes out months after the events. An owner needs numbers for decisions now: how much cash there will be next month, which line makes a profit, where costs have overrun the plan. That is management accounting and budgeting — run by the company, not by the gestoría.
Signs you need a budget
Who does the work
Founder and CEO of Finetic Consulting
Over 30 years of executive experience in corporate finance and operations at major corporations and banks with annual revenues exceeding $1 billion: financial management, strategic planning, risk management and corporate restructuring.
Not included: annual budget
Discuss package A →Not included: support in the first months
Discuss package BNot included: We do not keep the books instead of your accountant
Discuss package C →Each package includes everything in the previous one. We quote the price after the introductory call and a look at how accounting works today.
We came to Finetic Consulting for a business plan and financial model for our project IMSKIPPER.NET. We liked how quickly Vladislav prepares documents and how deeply he works them through. It is comfortable to work together: every question can be discussed at online meetings while the work is in progress.Georgy Im, owner of IMSKIPPER · Translated from Russian.
15–30 minutes: how accounting and planning work today and what the owner needs. We quote the price after the call.
It is planning revenue, costs and cash flow month by month and regularly comparing plan with actual. The budget shows the owner where the business is drifting from the plan while it can still be fixed.
It depends on the size of the business, the number of business lines and how accounting works today. We quote the price after the introductory call and a look at your data.
Accounting answers to the tax authority and looks backwards. Budgets and management accounting look forward and answer to the owner: how much cash there will be, what makes a profit, where costs have overrun.
Not necessarily. For a small or mid-sized business, Excel or Google Sheets with a clear structure is often enough; software is chosen once the process works.
Yes, in the “Implementation and control” package: how to run the budget, enter actuals, read reports and analyse variances.
