Business Budgeting

Why did I join Centage?

By Peter Messana, Chief Executive Officer

I am not a Financial Planning & Analysis guru, far from it. However, I owned my own business for 12 years, which through that time I played CFO out of necessity until we could afford one. I understand the role and the dilemma. Budgeting and...

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financial analysis

Budget vs Actuals: The Key to Measuring Business Performance  

By Centage

Staying on top of your financial performance is vital for running your business. Unfortunately, creating a perfect budget doesn’t mean that you’ll follow it. Budget vs actuals analysis is one of the most effective ways to maintain a clear picture of your company’s performance. Budget...

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financial reporting

Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

By Centage

The current economic climate is causing profound challenges for business owners across industries. Not only is inflation on the rise, but increased costs associated with food and housing mean that buyers everywhere are feeling the strain. With more shoppers prioritizing necessities, businesses increasingly have to...

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Business Budgeting

Beyond Budget Season: Continuous Planning for Success  

By Centage

Budget season is crucial for financial teams, as it determines the company’s growth prospects. However, teams shouldn’t only focus on business budgeting for a month or a year. They should forecast and plan for them all year long. By using continuous financial planning, financial professionals...

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Business Budgeting

The Value of Adopting a Driver-Based Budget

By Centage

In a perfect world, budgets would always line up perfectly with actual spending. As most businesspeople know, this outcome is rarely the case. Even the most strategically-crafted budgets can take hits from unforeseen circumstances. Expecting that something unexpected will occur throughout the year weakens the...

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