11. Finance system: forecasting & budgeting
Good planning should be part of any successful company. The finance system should be able to support this.
- Set a budget for each area
- Forecasting tools that make use of company sales history
- Run simulations to see the effect of price changes or sales volume assumptions
challenge see if you can find out one extra fact on this topic that we haven't already told you
Click on this link: Company accounting and financial systems