Business Budgeting
Why did I join Centage?
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
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
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
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
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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