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Budgeting is a process of creating of projection of detailed streams of revenues and types of expenses over a specific period of time (usually one year).
Cash flow management is the process of tracking how much money is coming into and going out of your business.
Budgets are an integral part of running any business efficiently and effectively.
Budget is the outcome of more detailed short-term planning and is basically the second step after developing a long-term Business Model.
Budgets are not usually static, instead some regular revisions (quarterly or monthly) are performed to keep the budget up-to-date.
Why budget is important:
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It ensures resources availability
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It Can Help Set and Report on Internal Goals
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It Helps Prioritize Projects
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It Provides a Pivotable Plan
Volena Tax Consulting will help to create realistic but yet challenging business plan for your company.
Our main goal is to help business owners to concentrate of the core activities while staying confident that their financial affairs are thoroughly taken care of.
To communicate with us remotely and share your information online you can use our convenient call service to schedule initial free calls.
This is an excellent and secure way for our customers to communicate with us from the comfort of their home or workplace without compromising their personal data.
Would like to discuss your tax-related personal or business matters or need any other professional assistance? You can easily secure convenient time by submitting Schedule an appointment request.
To ensure a high quality of service and effective collaboration we reserve the right to confirm appointments only when scheduled at least 2 days in advance and accompanied by a brief comment on the matters you would like to discuss.
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