A budget is a projection of the direction the management wants to take the company towards. In this, a financial forecast is a report illustrating whether the company is reaching its budget goals and the outlook projection of the company as to where it is heading towards. More often than not, the budget contains goal that may not be attainable due to the changing market condition.
That is why, to maximize profit, you need to ensure that you are fully aware of how much money your making and monitor your expenses. Global Tax Accountants will ensure by drafting and implementing the relevant budgets to help you plan where you would like to be financially, give you relevant forecasts to show you how you are tracking against your goals.