Correct.
Well 2 fold
I forecast revenue and cost monthly/quarterly.
budget is just once a year so the business can make hiring decisions, supply chain decisions, etc.
Foreign Weapons and Obscure Builds V3
- Thread starter KhyberPass
- Start date
Well 2 fold
I forecast revenue and cost monthly/quarterly.
budget is just once a year so the business can make hiring decisions, supply chain decisions, etc.
That doesn't sound too horrible.
sounds pretty easy really , couple hours work
Always shoot low on Revenues .
Average out the last 3 years, gives you the best possible pessimistic number. Figure out the % drop for Covid impact from 20 to 21.
%drop x 3 YA gives you decrease in 22 revenues over 21. Substract that from the 3YA.
You number will be probably 5 to 10% too low (do not know your industry), but will keep units from overspending, and will give you a breathing room
Adjust Rev projections quarterly (hard adj). Separate worksheet for you only with monthly adjustments. Last 3 months of the year, adjust it biweekly.
Do all projections 4by units if you can. Then add up.
- Jul 5, 2015
- 6,135
- 30,134
- 113
- Zip code
- 30022
Hay-hay to the KK.
Don't forget to factor inflation in your numbers. "Inflation".
Donde esta el Stegamundo?
Don't forget to factor inflation in your numbers. "Inflation".
Donde esta el Stegamundo?
It’s really not too bad, lots of minutia in there though. I’ve got 7 different “product lines” that each are treated differently and lots of small stuff that plays a role like headcount, rate, bookings.
Everythings connected like a big web so getting a good final number takes a lot of massaging to get everything to fit together.
it’s kinda fun once you get deep enough. Also, no one dies if I mess up like a heart surgeon so that’s a bonus lmao
we are ignoring covid for revenue budget, the cost team will factor it in but for revenue we are shooting for pre covid numbers so we are taking it out of the equation. That decision is a few levels over my head lol.
the forecast I build will have covid factored in. Forecast gets adjusted monthly. Budget is really just a benchmark that we can use to push sales/operations to keep working
Interesting. We are seeing impact both in Revenue and Expenses from Covid. I am adjusting Rev down, Exp up, a double whammy.
But is transitory!!!. Yea right.
10% on payroll, 5% on some supplies, 20% on others (thank you Biden for the diesel going up!)
Yeah that’s definitely what’s happening for actuals and in my forecast.
Budget is all sunshine and rainbows here
Time for more stimulants....another ripit and a cigar.
Nicotine and caffeine are the only thing keeping this country running
Well I’m letting Metallica Ride The Lightning play with a G26 on my desk while I try to figure out a job estimate for an HVAC Control job at a certain main transportation hub both locally and internationally.
Oh, and I sharpened my knife.
Oh, and I sharpened my knife.
Oh, and I’m wearing some dope ass Sketchers.... Comfy as hell.
Sketchers stepped up their game the last few years for sure
What pukko is that? Looks good
Bro...... I love them. I swap between 3 pair and my boots.
