Now that your 2022 financials are wrapped up, and your books have been handed off to your CPA, let’s talk about 2023. Right now is the perfect time to think about budgeting. The cost of products and services changes, and you should adjust your pricing to ensure your business is profitable. Run your profit and...
The one thing about budgets is, ultimately, they are wrong. After all, they are the best guess of what we think might happen in the future. Maybe we are out networking and meeting that client that changes everything, or maybe Murphy’s Law kicked in; whatever the reason, it’s likely that you exceeded in some areas...
As part of our ongoing series on KPIs, we look at the budget process – planning for 2023 by reviewing your 2022 actuals and looking at future growth opportunities and the costs associated with their pursuit. KPIs in Focus Driving Growth KPIs in Focus Pricing Strategies KPIs in Focus Understanding Staff Utilization KPIs in Focus...
According to a recent survey by Clutch, 74% of businesses with ten employees or fewer did not have any documented budget for 2022. What??? A solid budget is a key factor in ensuring your success. A budget will focus your attention not only on the specific goals you want to set (like Revenue Goals) but...
Now is the perfect time to start thinking about your budget for 2023. ZümiFi highly recommends taking advantage of the budgeting feature offered in QuickBooks Online Plus. Whether you are creating a budget for the first time or if you need to adjust your budget, we have a few tips that can help you get...