Many business’s are moving away from budgeting, and working toward a rolling forecast to compare against. Often a budget will be outdated before the budget period starts as business changes rapidly, new staff, new projects & sales lines change sometimes hourly, and the budget you spent many hours preparing is now outdated.
A rolling forecast works on the approach of updating your budget regularly in line with your business. As business strategy changes then so does the budget/forecast.
This enables your measures, and monthly reporting better fit your current business structure, and enables you to make improvement decisions quickly and confidently, as you deal with current business process, compared to outdated measures.
Some of our key customers who trust Sports Accounting Australia: