A View Ahead for 2024

by Danny Summers

Looking ahead or forecasting can certainly be tricky. Your crystal ball or binoculars, in this case, can often be "foggy." It seems to work best simply to take in all the indicators you can, lay them on top of a "gut feel" and top it all with years of experience from you and your team. Maybe then what you see will be less "foggy" and closer to what really will happen. And even then, just like Tim Quebedeaux's Dynamic Budget, you will need to be in a position to adjust and adapt mid-season.

Preparing for 2023

by Danny Summers

There's been quite a bit of conversation recently in our eLists on preparing for 2023 and in particular the budgeting process. There's a lot to be considered for sure. And 2023 is certainly not the typical "new year" to consider. But even in a typical "new year" there is a lot to consider.

Not only do you have the typical budget considerations you will see in The Group's Chart of Accounts... What should you budget for Sales (by category)? How're Margins going to be tracked? What do you see in changes to Operating Expenses for next year? And what should you project for Wage & Wage Benefits?