What's the best way to budget for fluctuating expenses?
I run a retail shop and I'm struggling to keep on top of a budget with all my seasonal fluctuations. How can I set myself up now to better track and manage cash in 2020?
230 Comments
95k Views
Answers (231-233)
Follow a strict process for your budget. Never pay for expenses at random from the till. All costs should be proposed and updated into your expense budget. A monthly Plan-to-Actual variance analysis should be performed to glean insights to compare the budget to reality.
Get Quickbooks
Get a good bookkeeper
Run cash flow reports constantly at first
Study them and act to increase cash flow
accordingly