Good processes for planning, budgeting and forecasting, enable you to monitor your company's progress toward its goals, control spending, and predict cash flow and profit.

Your company’s strongest asset is your ability to assemble an Annual Operating Budget and Cash Flow Estimate to determine your financial requirements needed to reach your targeted revenue goals.  In order to make better decisions, you need to know your breakeven point, your direct labor costs in relation to your cost of goods sold, and your monthly cash requirements.  Legacy Associates work with you and your staff to produce more accurate plans and realistic budgets.  Acquiring the facts concerning your operating performance, on a timely basis, results in your ability to better manage your business. 

Reliable operational plans, budgets and forecasts --that are accurately produced--are an integral element of growing your business.  Legacy Associates walks, you and your staff, through the planning, budgeting, and forecasting process, in such a way, that additional skills are acquired and greater efficiencies  are realized.  Your planning, budgeting, and forecasting process becomes less time consuming and more efficient. 

With Legacy’s guidance, your accounting employees are able to shift their scope from data collection to meaningful data analysis.  The Legacy planning, budgeting, and forecasting process connects your  company's budgets to your company's strategy.  This  connection, between budget and strategy, ensures that the fiancial resource requirements are available to support the anticipated future growth of your company.  In addition to a complete set of Monthly Financial Statements, Monthly Variance Reports are generated to explain variances between actual results and budgeted expectations.

In order to be profitable, your company cannot afford shortfalls between its anticipated revenues and its  growth plans for the future.  Legacy Associates not only assist you with the preparation of your Annual Operating Budget, but they also provide you with guidance in how to effectively communicate your business forecast with your employees.  

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