Forecasting to help with planning

As we all know, there is more to growing a business than simply increasing sales. There are choices to make about staffing, premises, insurance policies, the list goes on.

Written by BW Bookkeeping and Project Solutions - Fri 25th Jun 2021

bookkeeping and business development services

Sitting and having a look at your figures from the past couple of years, and working out what will probably happen to your costs as the sales increase is the first step in basic forecasting. So for example, if you have 30% higher sales next year, what will happen to your staff costs and will you need to pay additional rent?

It takes a little time to work through a forecast, but not only will it help you feel prepared it will also give you targets to work to.  All business experts will tell you that if you start to give yourself a monthly target to aim towards, you will start to see an increase in your turnover.  If you start to measure your performance against a tartget you want to hit, there is an incentive to make the changes needed to grow.

Hitting increased turnover targets and monitoring your costs so that you know if the figures are in line with the forecast or not are two great steps towards not just growing the business, but making sure you are growing the profits at the same time.

Afterall none of us are aiming to grow the sales and end up with a smaller profit in the long term.

BW Bookkeeping and Project Solutions Ltd.

Suite C,
Birch House,
Almond Road,
St Neots,
PE19 1DZ

07825 152951

Home Page FAQs Blog Facebook Instagram LinkedIn

Company Number 13495928
VAT No. 450467105
Registered in England and Wales - Registered Office: Staple House 5, Eleanors Cross, Dunstable, Bedfordshire, England, LU6 1SU

We recommend Dunstable accountancy practice
Spicer and Co

BW Bookkeeping logo

Quickbooks Advanced Certified Pro Adviser


I learned more about how to direct my business in 20 minutes talking to Jen at BW Bookkeeping than in 4 years of meetings with my accountant.
Rob L, Aston Clinton

Outstanding! BWBPS sorted out my books then provided me with the support and training I needed to get everything up to date and back on track. Friendly, professional service which I would highly recommend.
Cake Company St Neots

Excellent bookkeeping service and knowledge of the work. We recommend this firm if you are looking for a bookkeeper,
Phil Bass, Dunstable

Quickbooks Advanced Certified Pro Adviser