What is Budgeting?

There are four facets to consider when translating your high-level strategy into budgeting.

Translating Strategy into Targets and Budgets

Objectives

Clearly defining your overarching goals will shape your budget – they define what will be included and excluded in the budget to keep yourself on target towards those goals.   In the same way, having a clearly defined Budget reinforces your goals, allowing for one unified effort to meet those goals.

Strategies

Strategies will vary by industry, but can include things such as short-, mid- or long-term financial objectives, factoring in contingency reserves, or allocation of funds back into your entity for continual improvement or new opportunities.

Measurements

Actual-To-Budget reports, reporting on Reserves, using historical data to measure year-over-year success, and wrapping everything up into monitoring for budget variances.

Clarity

When you have a budget, and you publish that budget, it brings clarity to all stakeholders.

Budget Services

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  • Single- or multi-fund

  • Monthly, quarterly, or annual reporting

  • Actual-To-Budget reporting

  • Cooperative development of budget

  • Utilize historical data as a foundation

Get a personal consultation

Office

True Blue Accounting
Beaverton, Oregon

Contact

info@trueblueaccounting.com
(503) 708-9687

Open Hours

Monday – Friday: 8am – 5pm

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