MultiCare Business Solutions

Budgeting is planning tool that plan your financial controls.

Whether you are employee or employer, every one require budgets in its life to monitor expenses and to save money. Budgets are setup to control expenses, it helps business owner to allocate extra money in business development. It helps them to watch how expenses are occurring over a week, month, quarter, half year and year. After end of a specific period the variance analysis show us whether actual expense occurred is over budget limit or within budget limit. If it is over budget then variance is called unfavourable and if it remains within budget limit the variance is called favourable.

Sales budget plays vital role in business life. It allows sales representative to monitor how they are achieving their targets. As well allow business owners to estimate the bonuses based on the targets sales representative are achieving.

These financial reports includes:

We at MCBS create budget reports on quarterly basis for clients and compare actual amounts on weekly basis so they know how they are achieving their targets on weekly, biweekly and monthly basis and of-course at the end of quarter.

There are many following type of budgets

1. Cash Budget

2. Profit & Loss budget