Thank you for using this product. Please read this user guide document to assist you in extracting the maximum value in preparing this budget in the shortest time possible, and as painlessly as possible.

This product is intended to help you provide any organisation you have approached for finance, with the prerequisite budget and financial statements, as they will need and request these to process any finance application. This will apply to all finance applications including grant funding and selling your business.

It will provide you with tips that will help the process to be quick and simple.

The system will, if you complete it all, produce Balance Sheets, Income Statements and Cash Flow Statements. This will also give you a great insight into where your business could be in the future and will be very informative to you as the shareholder and assist you in assessing your strategies and business plans.

A key difference in our approach is we do not ask for sales values, but sales quantities per product. This is critically important and produces more accurate budgets. Once you have completed the budgeting process the system will produce quantity and value based budgets which is ideal for management assistance in running the business. Accountants need different data to sales managers and directors.

It will be extremely informative once it converts your budgeted sales quantities into values as well. This approach will highlight the benefits of our methodology for you.

Remember lenders take finance seriously, and you need to do the same, by submitting full and detailed budgets. The more detail you provide, the better your chances of success in your application. We assist and calculate much of this for you.

Prepare the information you will need in advance. It will make it a lot easier when you capture the information.

You will now start here.

1. Products and Services
1. Capture your balance sheet information. This is a prerequisite for most funding applications. If you are an existing business you should have a current balance sheet to use.
2. You will need to list the products and/or services you will be selling, including the cost and selling prices for each. These are done in three separate steps.
3. If you give discounts, it will request the minimum and maximum discounts you give. This is not dealer pricing, as that is captured elsewhere. The reports will indicate the possible impact of discounting on financial performance.
2. Budgets
   

   The next stage is the budgeting process. We do not capture sales values as normally done when doing budgets. SMEs sell a smaller range of products and services, so we focus on quantity sold in the budgeting process.

   Our research clearly indicates that budgeting using sales values most often results in budgets that underestimate the business potential. Budgets done on a retail income can be significantly lower than budgets done on a sales quantity basis. Why is this an issue? If a business gears up for a turnover that is a lot less than what is possible, the following can occur:

1. There is a loss of focus on selling.
2. We forget that we sell products not money.
3. Focusing on high turnovers can often be at low margins which negates sales efforts.
4. Insufficient sales budgets are allocated, thereby limiting growth.
5. Less wealth is created for shareholders.
6. The impact of inflation and other financial factors are ignored.
3. Actual Quantities
   

   This section asks for sales quantities, cost and selling prices for the past, current and projections for future periods, in this order, in separate exercises.

4. Expenses
   

   In this section you capture your Expenses list, then capture your actual budget expenses and budgeted future expenses.

5. Reports
   

   There are a full set of reports including those listed on the site.