Forecasts, Projections & Budgeting
LaPadula, Carlson + Co. understands the importance of accurate and meaningful financial forecasts, financial projections, and comprehensive budgets. Our firm takes great effort to fully understand your business, industry, current financial situation and market pressures in order to create prospective financial statements and budgets that are practical and useful.
Financial Forecasts & Financial Projections
Planning for the future is essential to a successful business. Prospective financial statements can help you predict the results of current activities in order to plan for future outcomes. In addition, financial projections and forecasts are required by credit grantors and underwriters for financing and investment decisions.
Financial forecasts specifically predict how an entity will perform if it continues to function in a manner in which it currently functions. Financial projections, on the other hand, predict what will happen if an entity makes one or more changes to its course of action.
Generally, forecasts are more reliable than projections, but both require highly skilled professionals to ensure as much accuracy as possible. Only with accurate information can you properly position your business for growth and present a strong case to creditors and investors.
LaPadula, Carlson + Co. has provided a variety of business entities with reliable prospective financial statements by becoming intimate with their specific business, industry and market, as well as considering outside economic factors that may affect business.
Budgeting
LaPadula, Carlson + Co. believes that an in-depth budget is one the most important management tools available. A properly executed budget can:
- Establish attainable short- and long-term goals
- Support long-range and strategic planning
- Assist in the development of reliable projections and forecasts
- Predict periods of cash surplus and shortfall
- Guide management in proper allocation of manpower, materials and other resources
Our firm assists employee benefit and pension funds, small business entities and a variety of other entities in developing capital budgets for expenditures that may require special financial and operating budgets used in planning and controlling routine operations.
In addition, we prepare cash budgets that guide cash receipts and disbursements.
As a part of budget monitoring, LaPadula, Carlson + Co. will help you anticipate and prepare for cash shortfall, identify expenses that are out of line, properly utilize profits, and advise on the financial implications of other developments throughout the year.