Budget Tracker and 90-day Review
Arguably one of the most important tools, the budget tracker keeps your firm?s finances in order and helps you clearly map out your spending for the year. Although it can seem daunting and time consuming, following a realistic budget allows you to better control costs while helping you meet your goals.
And while you?re keeping a pulse on your budget, you can assess how you?re doing in with a 90-day review. Asking questions like ?What have we achieved this quarter??, this section gives you the space to figure out what you?ve accomplished, what to focus on next quarter and how your firm?s performance is aligning with your overall vision and mission.
When tracking your budget, keep these tips in mind:
- Surprises happen so be prepared for unexpected expenses
- Budget slightly more than what you anticipate
- Review your budget on a monthly basis
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