Budgeting
A budget comprising partial and main budgets sets the financial targets for your company. The budget also serves as your company’s monetary action plan. Remember to monitor spending and react to problems as soon as you notice them. You should also actively monitor your company’s liquidity, profitability and solvency by using a variety of different indicators and key ratios.
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Budgeting methods
The budget provides an overview of how your company spends its money and whether you have the money that you need.
Budget process
In the budget process, you must analyse the previous period and anticipate the upcoming period. Prepare partial and main budgets.
Basic financial calculations and monitoring
Profit and loss account, balance sheet and cash flow statement are the basic calculations that you need in the management of your company's finances.