Bookkeeping Tip #18
Joe Cavell March 11, 2026
Prepare a quarterly budget.
Use your accounting reports to project cash flow for the next few months. A good overall budget comes from combining smaller budgets:
✔️ Sales budget
✔️ Inventory & purchases budget
✔️ Cost of goods sold budget
✔️ Sales & admin expense budget
✔️ Capital budget
✔️ Cash budget
Compare actual results to your forecasts—it may be tricky at first, but over time, your projections will improve. A solid budget helps you spot problems early instead of waiting for a cash flow crisis.
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