A budget is an estimation of the revenue and expenses over a specified future period of time.
A budget can be made for a sole proprietor, partnership, family, small to medium enterprises (SME), international companies, branches, franchises or multinational organizations and is a micro economic concept that shows the trade-off made when one goods are exchanged for another.
The quality of bookkeeping and processing is therefore vitally important for budgets to be done accurately.
No budget reporting can be done from ineffective and incorrect bookkeeping and will lead a client in the wrong direction.
This could hold serious repercussions for a business client.
At Taxrek, we believe and know that the quality of bookkeeping and internal processes will make a world of difference to our clients' financial reporting and budget analysis in the long run.
As a fundamental part of any new or existing trading entity, Taxrek will be directly involved in the implementation and execution on an operational, financial and strategic level of the budgets that have been developed by Taxrek.
This is to assist the client in the effective management and growth of the business entity.
All new and existing businesses require a level of accountability that will motivate them to better service delivery.