Budgeting/Long Term business planning is an essential thing to do that many businesses neglect just because the day to day takes too much of their time. Budgeting lets you know how much income you need, whether you are keeping your expenses at an acceptable level and what steps you can take to become more successful.
Budgeting isn’t just for businesses. Tracking your personal finances lets you make good thought out decisions and can remove the anxiety of never knowing how much you can spend or if you’ve spent too much.
But before you can make a budget, whether personal or business, you need to know where you are now to get an idea of where you want to be or what you can change. In other words, you need accounting. Accountants track what you have spent and where and what you are spending now. You can use that information to decide if you are ok with those amounts or if there are some that are higher than they should be. You need that information to make those decisions.
If you don’t have a business, but you are overwhelmed with your personal expenses and feel like your debts have gotten out of control and you don’t know where the money is going; I would be happy to give you a free consultation to discuss what it would cost to get you that starting financial picture. Sometimes an accounting software is needed, sometimes it isn’t.
Strategy is everything and goals are so important to succeed, personally and professionally. And the numbers to set those goals are the first thing you need. Call me today for a free consultation: 585 353-8096.
Laura Fleig
Fleig Financials, LLC
August 10, 2020
