| Now that the hustle and bustle of the holidays is over, it’s a good time to dig out the budget you created for 2024 and compare line-by-line how well you managed the business as projected in your budget. (You did create a budget for 2024, didn’t you?) |
| I understand there are always anomalies during any given year that can’t be foreseen, but many mature ongoing businesses should be able to project the coming year accurately. When these unforeseen expenses (or revenues) occur, if you consistently compare actual events to the budget, you can adjust other areas to accommodate the changes. |
| With Red Wing Software’s accounting products, you have the tools to create and compare budget to actual information with a level of detail that works well for your business. CenterPoint Accounting has both simple and advanced budgeting features built into the product. Extensive help documents and video tools are available within the software to help you get started. |
| If you’re new to the process, give it a try. Over time, you’ll learn to project finances very accurately. |