Monitoring the crisis

NEXT STEPS

Monitor your budget carefully as the following weeks unfold. Compare your actual to estimated results each week/fortnight/month and revise the budget when necessary.

It’s unlikely you would have to work through the budgeting steps only once in order to prepare a satisfactory cash flow budget. The steps may need to be repeated several times to reflect changes to, for example:

• sales and pricing
• bookings and deposits
• timing of purchases of stock
• the amount needed for borrowings