As an owner, you need to make sure that every decision you take contributes to your business’ profitability. It means having a clear idea about its goals and preparing appropriate Budget before you could think of delivering services.

Purpose of Budget Presentation

Present Your Points Compactly

You can also use the opportunity to present the strengths of your budget plan and how it will improve the overall operations of the business. Finally, can use the timelines presented in the budget as the reference lines for studying the budgeting trends harnessed by your company over the number of years in the past.

Preparing Budget Presentation for Your Small Business

Present Visual Data

“Picture is worth 1000 words!” Your stakeholders may not be as savvy with Excel sheets full of numbers as you would like. So, think of presenting business’ financial information in the form of graphs and charts.

Include Graphs and Charts

Use your accounting software and save the info in the forms of Excel sheets. Create colourful graphs or charts, using PowerPoint or other software. These will act as references during your budget presentation to highlight its prominent points.

Graphs covering business earnings, spending, and overage will enable you in communicating the urgency of matters. Aim to create and present simple charts and graphs that anyone can understand.

Include Details, But Only Enough

Include changes in amounts, differences in services and performances, changes in staffing (pay-grade) and explanations on a year-over-year basis.

Add details in stages only if, it serves your purpose without overloading the stakeholders. Provide enough information to make the task of assessment easy for the decision-makers.

Make Slides for Q & A

At the end of your budget presentation, it is expected of you to handle questions from the stakeholders. Anticipate a few important once and prepare slides that will help you in getting your answers across.

Using Online Accounting Software for Your Budget

Leverage Business’ Financial Data

You can make data-driven decisions based on your business’ digitised financial data. You can also bring this data into play for preparing a budget presentation. You can use the historical financial data in your accounting software’s centralised database for the purpose.

Compile Effective Budget

Harnessing the power of the online accounting software to compile an effective budget for your business makes the task easy. You can use it to arrive at an expected budget projection and to justify projected expenses or revenues in your budget presentation.

List Budget Allocations Easily

Using the software, you are better able to list the sources of budget and allocation of funds for the capital and other items in it. You can also present the time-frames for releasing the budget for the planned activities and timelines for successful completion of these tasks.

Budgeting is an integral activity of a successful business. It is a written financial plan to be implemented over a specific period. You are expected to stick to it diligently, once the decision-makers approve it.

Knowing how to prepare an effective budget presentation assists you getting your proposal approved with a minimum fuss from the stakeholders. It is the place where you can justify the financing, expected performance, and increase in expenditure to them.