Begin Your Budgeting Adventure : Steps to Building Your Financial Foundation
Building a good budget involves a systematic process that considers numerous factors and ensures that resources are available to help meet the organization ’ s goals . At its core , budgeting is not just about managing numbers ; it ’ s a strategic tool that empowers us to take control of our business ’ s finances . Understanding the steps of budgeting is essential for success . Below is a list of steps to build a good budget which we will further explore in the next article of our budgeting series .
If navigating a budget feels daunting or if you ’ re uncertain about where to start , rest assured – you ’ re not alone . At Rea & Associates , our team offers the expertise and support essential for crafting a budget that seamlessly aligns with your business goals . Let ’ s start a conversation about your unique situation and discover how we can work together to achieve your goals .
• Define Goals and Objectives
• Gather and Analyze Financial Data
• Involve Key Stakeholders
• Identify Revenue Sources
• Forecast Fixed and Variable Costs
• Prioritize Spending
• Review and Revise
Mindy Gallman
Senior Manager 2579 Shawnee Road
Lima , OH 45806 mindy . gallman @ reacpa . com
( 419 ) 331 – 1040