Information provided by accounting, even the most up-to-date, concerns the past. While decisions taken by the boards and partners of businesses will bear results in the future. Therefore, daily activities of a business raise the question how to evaluate and predict the results of decisions that have been just been taken or are about to be taken.
We have two tools to answer these questions - Budgeting and Controlling.

Budgeting is planning for the future that constitutes a numerical record of the decisions and their results – or quite the opposite, the record of what is likely to happen if the decisions are not taken.

Usually, budgets are prepared before the start of each financial year. They help evaluate the results that can be generated at the end of the year and what needs to be done in order to achieve this. They are also prepared before launching high-value projects that require engaging additional financial assets.

Budgeting is an element of controlling. Controlling is a tool that helps manage the company by coordinating planning activities (setting business goals), control activities (comparing actual results with the plans and analyzing the variances) and management activities (introducing corrective measures).

To deliver comprehensive budgeting and controlling services we employ both custom as well as dedicated applications like Budget Assistant Concept.

The service is addressed to boards and partners in companies who want to know with a high degree of probability the results of their businesses at the end of the year, but before the year actually comes to the end.