Z is for Zero-Based BudgetingThe A to Z of Profit Growth – Z is for Zero-based Budgeting

 

It’s time for the last A to Z of Profit Growth… This week Z is for Zero-based Budgeting!

If you’d like more advice on how to increase your profits, we offer a free 1-2-1 discovery session. Call us on 0161 410 0016 to arrange a time that suits you. We hope to hear from you soon!

 

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KMA The A to Z of Profit Growth – Z is for Zero-based Budgeting

That’s it for this week’s edition and the A – Z of Profit Growth series!

If we can help with anything included in this edition or if you’d like to talk to us about anything Accountancy or Business development, then call us now on 0161 410 0016.

 

Hi everyone. Can you believe it’s our last profit growth advice already? Z is for zero-based budgeting. Zero-based budgeting is a great method for preparing cashflow budgets and operating plans at low cost. This means it’s a great way of saving money, and in turn contributing to profit growth. Unlike the traditional budgeting, which assumes that past sales and expenditure will continue, zero-based budgeting requires each activity to be justified on the basis that it has a cost benefit for the business. It basically assumes that financially you are starting from scratch, from zero. All business activities are then ranked according to priority. So zero-based budgeting provides a cost effective basis for resource allocation.

I hope you found my A to Z of profit growth useful. If you have any questions or need advice, don’t hesitate to get in touch on the details below.

 

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