As a small-business owner, you understand the importance of each and every dollar earned and spent.
A high degree of transparency makes accounting for revenue, expenses and profit that much easier. How can you achieve this level of visibility for your finances?
An accurate and current business budget provides detailed and useful information related to the many financial activities in which your business engages.
Our whitepaper, “How to Optimize Your Small Business Budget,” offers guidance for creating and utilizing a small-business budget effectively, including:
- The building blocks of a business budget and areas where you may need to pay special attention when formulating one.
- The benefits of improved insight into cash flow, and how a budget can help to address potential issues before they become more serious and active problems.
- The differences between capital expenses (CAPEX) and operational expenses (OPEX), and the value of a dependable budget in making decisions related to them.
Efficient budgeting can give you more control over your business by improving your level of insight into the financial aspects of your operations. When all costs and revenues are listed and regularly updated, it can greatly reduce the guesswork involved in identifying and resolving financial problems.
Want to see all of the details?
Download our whitepaper now for a more in-depth review of building and optimizing a business budget. To learn even more, get in touch with Comerica Bank today. We are happy to share similarly valuable resources as well as discuss effective small-business banking and financing options.
This information is provided for general awareness purposes only and is not intended to be relied upon as legal or compliance advice.
This article is provided for informational purposes only. While the information contained within has been compiled from source[s] which are believed to be reliable and accurate, Comerica Bank does not guarantee its accuracy. Consequently, it should not be considered a comprehensive statement on any matter nor be relied upon as such.