What’s the Importance of Budgeting and Forecasting?

The Importance of Budgeting

Does your organization produce budgets and track progress?  As year-end approaches it’s a great time to resolve to create comprehensive budgets for 2014!

Why Budget and Forecast?

If you are only forecasting revenue but not budgeting expenses, you only have half the picture.  By doing both, you can anticipate potential cash flow challenges, and make plans to manage through them.  Also, budgets and forecasts are excellent management tools.  They can help your team understand goals and be accountable for staying on budget and achieving revenue goals.

Sage 100 (formerly MAS90 and MAS200) contains enhanced budgeting tools to help you create and maintain a basic budget.  For clients that need a much more robust, flexible and powerful budgeting tool, you might choose Sage Budgeting and Planning.  Call us to discuss the best budgeting tool for your organization.  For more information, please contact John Duvall at 502-429-6902 ext 225 or john@oasisky.com.

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