Budgeting - Introduction to Budgeting and The Tools

Learn about the basics of creating and preparing a budget. Video 1 shows a discussion of concepts that a company may want to prepare for as they begin budgeting. The tool is also introduced to determine chart of accounts, estimates, sales forecast, company mix, and the overall allocation of dollars to various business segments (departments).

Run Time: 35:53

Financial Structure - Doing a Company Budget and Budgeting Processes

In the second video on budgeting, we break down the concepts of cost of goods sold broken into departments, the use of key metrics to support your budgeting, and getting through twelve months of sales forecast by month. We walk you through some ideas to support your own version of a yearly budget including a lead forecast.

Run Time: 13:21

Financial Structure - Creating a Budget and Budgeting Processes

In the third installment of the video series on budgeting, learn about overhead and the allocation of the expenses across various departments. This material also covers the break-even discussions of how costs in a company organize in order to make a break-even target, and we discuss this by business segment. We once again phase in the budgeting discussion so you are one step closer to completing a budget that has the details you need to become more successful.

Run Time: 36:25

Financial Structure - Creating a Budget and Budgeting Processes

The last video in the series on budgeting contains a discussion on leads, developing your monthly and weekly forecast for leads, the key metrics for sales and closing rates. It also reviews the managerial reporting structure that turns the budget into a monthly financial report based on actual performance for the company managers. We want the budget to become an active business process that's part of your ongoing success.

Run Time: 42:41

Budgeting Tool for Planning

This all-in-one planning workbook helps contractors map out a clear, profitable path for the year ahead. It brings your budget, marketing plan, lead forecast, KPIs, and pricing system together in one connected tool, so every decision is backed by real numbers, not guesses. Inside, you’ll build a full monthly budget, a week-by-week sales lead plan, and a marketing roadmap tied directly to your revenue goals. The tool automatically calculates your break-even point, overhead cost per day, required leads by department, gross profit per man-day, and recommended pricing using a dual-overhead model. It even includes a built-in marketing planner to help you allocate your spend with confidence. If you want clarity, consistency, and a comprehensive way to see exactly what it takes to hit your goals, this worksheet gives you the structure and math to get there.

Planning for Capacity

This tool is also in installation - under planning - and it used for evaluating capacity to operate and meet a sales forecast. In addition this tool has a expense planning system to it that allows you to benchmark your costs and expenses in overhead and plan for reductions should you feel your overhead is outside of KPI's. Also the best in class company KPI's.

Cash Flow Forecast Tool

The cash flow forecast tool is important to tie a budget's sales estimate to actual cash projections. What cash will come in (as not all cash is collected timely, or at time of completion like we hope)? Also what expenses can be dealt with over the immediate week and months? We use cash flow week to week, and update the tool, and also view the coming 30-60 days to ask, will sales and cash remain as we expect or change?