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Planning is an essential part of an organization's success; forecasts, projections, and budgets have always been integral components in the operation of any type of organization both for-profit and non-profit. We believe well thought-out and accurate prospective financial information has always been and will always be an essential management tool in predicting future outcomes. In addition, prospective financial information is often required for financing and investment decisions.
Forecasts and Projections
LaPadula Carlson + Co. understands the importance of accurate and meaningful financial forecasts and projections. However, we believe this type of information can be the most effective and useful when it's developed in cooperation with a client's participation and input, "who knows more about your organization that you therefore, we encourage our clients get involved". It's been our experience that your participation in the development of pro forma information enhances its usefulness.
"What's the difference between a financial forecast and projection"? Forecasts are designed to predict how an entity will perform if it continues to function and operate as it currently does. Projections, on the other hand, predict what would happen if an entity makes one or more changes to its current course of action.
Generally, forecasts are more reliable than projections because projections introduce changes to current operations, but both require preparation by highly skilled professionals to ensure their accuracy. Only with accurate information can you properly position your business or entity for growth and when needed present a strong case to creditors and investors.
LaPadula Carlson + Co. believes that an in-depth budget is also a very important management tool. Because a properly executed budget can:
- Create operating financial benchmarks
- 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 small businesses, employee benefit plans, 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 will help guide you with cash receipts and disbursements planning.
Creating an accurate budget of cause very important but subsequent monitoring of your budget(s) is even more critical. 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.
If you believe these types of services can be useful, please call us so we can begin helping you reach your goals.
We offer clients a proven and unparalleled record of superior service at cost effective prices. We encourage you to call us for a quote on services. 877-529-9301 or email@example.com we look forward to hearing from you.
LaPadula Carlson +Co has offered Assurance services for four decades. Our clients can rest assured our team of professional auditors and accountants will evaluated the reliability, credibility, relevance, and timeliness of your financial statements and underlying systems and procedures.