If you haven't submitted a personal tax return already, due 31/1/15 - next week. We can help! Click here!

Need some year end accounts creating and submitting to Companies House? We can help! Click here!

No idea if the business is making money or not? Need to know profit and loss each month or quarter? We can help. Click here!

Gained the full EMDA Quality Assured Standard on 16th November 2007

Trading name of

Fraser Price Consulting

Fraser Price Consulting Limited
Registered office:

21 Long Acre East

Bingham

Notts

NG13 8BY.
Company number: 4907156
Registered in England

Forecasts

What is this?

This refers to financial data that predicts financial performance of a business. The time period covered for the forecast may be a month, a year or more than a year. Whereas management accounts data refers to actual data, forecasts refer to estimates and predictions.

Why would you need this service?

  • Budgetting and forecasting for 3rd parties i.e. to support applications for finance from banks and other financial institutions.
  • For business plans over the next 3 to 5 years.
  • To answer the 'what if' questions.
  • To know how the business will perform over the forecast period. This applies even if the forecast includes a 'do nothing' action.

Prerequisites

Production of regular management accounts.
Understanding of key performance indicators for the business.
Agreed format for forecasts. Usually follows the same format as the management accounts but the forecast format should also identify level of detail (low to high), policy (from zero base to actual figures forming the base) and timescales (phased monthly for example).

How can we help?

Full forecasting process service available using actual financial data as a start, estimating the current financial year out turn and then providing a phased first year budget followed by unphased year 2 and 3.
Create forecasts as required for 1 year phased by month, quarter or half year.