We all know how important having a good sales forecast is. It helps managers predict short and long-term company performance, and therefore also helps with things such as resource allocation (amongst other important items). However, if sales forecasts are prepared improperly or are inaccurate/missing information, they are more likely to…

The budgeting and forecasting process is generally not the most exciting time of the year, but there are a few ways to make it simpler for yourself. Read on below to find out if you are making some common budgeting mistakes, and how to avoid them. Not Asking for Input…

Create an annual budget and stick to it: this personal financial advice works for so many people. What organizations are coming to realize however, is that it isn’t as viable when you apply it to the workings of a corporation. For household accounts, sure, annual budgeting makes sense, but when…