BUDGET PREPARATION SERVICE
Increase Your Profit & Cash Flow
Our budget service includes the following components:
Gross Margin Plan at the total annual planned sales level. This is planned at the class / category / department level and is used to see what the store’s Gross Margin will be this year. This Gross Margin data is then used in the preparation of the Budgeted P&L (Cost of Goods Sold section).
Budgeted Profit & Loss Statement for the year, on a monthly basis. This is where you plan the store’s monthly sales goals and expense budget for each expense category you track in the General Ledger.
Projected monthly Cash Flow. This is a by-product of the budgeting process and takes into consideration any principle payments on loans and any planned capital expenditures such as remodeling or the purchase of a new computer system. The Cash Flow Projection is very important to you and your banker. It lets you know in advance where you will need extra operating funds - - - and when you will be able to pay back any short-term operating loans.
The whole process should take no more than 1-2 weeks, depending on how quickly we receive requested information from you. The cost is just $1,800. (Current Open-To-Buy clients recieve a $300 discount on this fee so their cost is only $1,500.)
Linda Carter, who will be supervising and reviewing the budgets, has over 30 years experience in retail management (both as a controller for a 5 store operation and as a management consultant for Gerald H. Smith & Associates and The Retail Management Advisors.
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