Ducks in a row – Preparing your company for next year’s budget

Description

Abstract: As one year winds down and another revs up, it’s important for any company to address the elements of its business budget. If any of the major items are askew, it could diminish the value of the time that’s put into the budgeting process and weaken the effectiveness of the budget itself. This article discusses the process, which involves analyzing the numbers, reviewing inventory and services, and evaluating risks. A sidebar looks at one consulting firm’s tips on improving the process.