Effective budgets lead to accurate provisional billing rates that ensure total cost recovery and maximize net operating profit. In short, they provide financial guidelines, help identify and capture all costs, provide targets and goals, and plan for profitability and success. It’s an important and time-consuming chore. That’s why many government contractors find the task of completing a budget to be overwhelming. But it doesn’t have to be. If you have the correct, efficient, and effective methods to gather the necessary data, creating a budget is less daunting and time-consuming.
During this course, you will learn:
- budgeting best practices,
- how to align budgets with historical trends, and
- the components of different budgeting approaches.
You will also receive templates to help you efficiently develop an effective budget.
Target Audience: Accountant, Bookkeeper, Business Owner, CFO/Controller, CPA, Sr. Accountant, Government Contractor