Budgeting and Forecasting Articles

Key components of the financial and operational planning process for small businesses - Part 6 The Relationships Among Financial Statements

The statement of financial position (balance sheet), the income statement, and the statement of cash flows are all based on the same transactions, but they present different “views” of your business.

Key components of the financial and operational planning process for small businesses - Part 5 The Cash Flow Statement

A cash flow statement presents the change in cash for a period of time in terms of your business’ operating, investing and financing activities.

Key components of the financial and operational planning process for small businesses - Part 4 The Balance Sheet

Your balance sheet is a snapshot of your business’s financial position.

Key components of the financial and operational planning process for small businesses - Part 3 The Profit and Loss Statement

A profit and loss statement shows your businesses revenue and expense activity over a designated period of time.

Key components of the financial and operational planning process for small businesses - Part 2 The Sales Forecast

The sales forecast is your projections, or forecast, of what you think you might sell during a defined period.

Key components of the financial and operational planning process for small businesses - Part 1 Basics of Budgeting

A budget is a comprehensive financial plan setting forth the expected route for achieving the financial and operational goals of your business.