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yourteam@pm-smart.ruBudgeting is a process of creation, approval of budgets and their monitoring. Separate budget is a financial document, which identifies a financial plan of actions, whereon data and events are presented, which shall be effected in the future.
Budget is a key tool of a management control system. It has a lot of looks and forms; its structure is defined by business scale, subject, targets and experience of developers. Any budget shall provide information in an accessible way so that its content shall be understandable for concerned users.
Budgets are developed for the whole organization as well as for its departments with a purpose of:
LLC “PMsmart” develops for our Clients core type of budgets, which help to our Clients in effective cashflow and financial tools management, in minimization of company financial risks.
Limited liability company “PM smart consulting” renders the following services within “Budgeting” profile:
We have a wealth of experience inside financial management departments in diverse fields of economy. You are welcome to study “Financial management” profile in more detail by following a link.
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Income and expense budget is one of the principal budgets of a company that is forming a balance between planned income from selling of goods / works / services, other income and total expenditures for the defined period.
Income and expense budget is developed for profit planning that a company can receive for the budget period. It includes data on cost and revenue. Income and expense budget allows the owner and managers of a company to see how many funds shall be invested so a company can be profit-making and can successfully develop further, which financial situation arised as of today.
The targets of developing such financial plans are following:
Detailed and deep analysis of Income and expense budget broken down by items and units allows to discover management weaknesses, to take necessary management decisions to change the situation. In order to do that Income and expense budget shall be developed by expert and responsible people. Play valuable roles:
Precisely these PMsmart specialists develop Income and expense budget for our Clients.
Business scales can be different, therefore we find the best optimal scheme of work for every Client.
Many Clients have already committed to develop Income and expense budget to PMsmart team.
Please, put Your trust in us as well.
And remember…
“Enjoy what You like, we will take care of the rest of Your business”.
Cash flow is one of the key aspects of a company operative activity. Such cash flow is embodied in Cash Flow Budget, which forms cash flow forecast of a company as follows:
Therefore, Cash Flow Budget shows funds balance at the end of budget period and financial standing of a company for each budget period, so cash balance at the end of month, quarter and year. Its main task is to ensure a balance of financial standing, to avoid cash deficiency, to minimize risk of cash flow constraints for covering of company operating costs.
Any organization shall do careful planning of cash flow, such as a very big cash balance proves that financial resources have not been used with maximum efficiency, and a small cash balance shows that a company is close to condition of failure to cover its operating costs. Always remember, without money business can not function!
Detailed elaboration of Cash Flow Budget allows to properly manage financial resources of a company, to forecast cash balance, to take and correct strategic solutions in time. In order to do that Cash Flow Budget shall be developed by professionals. Play valuable roles:
Precisely these PMsmart specialists develop Cash Flow Budget for our Clients.
Business scales can be different, therefore we find the best optimal scheme of work for every Client.
Many Clients have already committed to develop Cash Flow Budget to PMsmart team.
Please, put Your trust in us as well.
And remember…
“Enjoy what You like, we will take care of the rest of Your business”.
Cash Flow Budget, developed for a term of 1 year to 1 month, provides to organization users common ground for cash flow management of a company. However, company cashflow within a month can be high-intensity and unsteady, therefore there is a necessity to do operative management of cashflow.
Operative management of organization cashflow is development of company payment schedule, which provides with management of current financial operations and company resources in the short term (generally to 1 month), therefore planning payments are shown in more detailed view, and calendar periods can be equal to 1 day.
Payment schedule presents a planned financial document, which forms daily cash inflow and cash outflow of a company. This allows to managers and owners of a company to take decisions on whether to proceed with different payments at this time. Therefore, a primary target of payment schedule is to elaborate cash flow schedule for the short term in order to minimize cash surplus and to avoid cash deficiency, to guarantee cover of expenses for the foreseeable future.
Payment schedule, which PMsmart develops for Clients, solves the following tasks:
Running of payment schedule, which is developed by PMsmart, gives many advantages ahead of competitors to our Clients:
Business scales can be different, therefore we find the best optimal scheme of work for every Client.
Many Clients have already committed to develop payment schedule to PMsmart team.
Please, put Your trust in us as well.
And remember…
“Enjoy what You like, we will take care of the rest of Your business”.
You are an experienced manager of a company, but outside environment and its change often is not within Your control. “Outside environment” is comprehended as follows: state guidelines, change of normative & regulatory framework, change of Clients’ owners and managers, entry into a market of strong competitors.
Imagine that Your biggest Client plans to terminate the contract that involves 50% of Your personnel; and such fact can happen in a moment (usually work contracts / service contracts foresee one-side termination of a contract by the Client by preliminary notification of the Executor, in general, 2-4 weeks prior to the cancellation date). For such short term theoretically possibly but difficult practically to conclude the agreement for the same scope of work. In this case, there is a necessity to do scenarios forecasting.
PMsmart team promptly helps to our Clients in the right strategic decision-making process based on forecasting of scenarios:
Our Clients in small and medium business can often have other occasions. At the end of the year Customers suddenly accept the works planning to be closed in January of the next year and/or unscheduled payments for rendered services are transferred into account. Potentially it leads to large income before tax and big income tax or huge cash surplus. Strategic questions appear about tax efficiency, balance of cash flow. In such cases, Clients address to PMsmart.
PMsmart team promptly develops forecasts of annual scenarios, which help to our Clients in the right operative decision-makings:
Many Clients have already committed to develop forecasting scenarios to PMsmart team.
Please, put Your trust in us as well.
And remember…
“Enjoy what You like, we will take care of the rest of Your business”.
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