Some business owners and even accountants prefer the familiarity of working with Microsoft Excel; these are the target users of Business Budgeting Software, an Excel-based solution that provides powerful budget forecasting software functionality. This spreadsheet overlay is offered by Click and Plan Financial Tools, a South African software development firm, but it adheres to financial budgeting software standards practiced by companies all over the world. The company also offers a budgeting software version for personal financial management purposes.
Who Uses Business Budgeting?
Accounting professionals and accountants who are either employed at small companies or who provide services to owners of small businesses make up the majority of the Business Budgeting Software user base. Even though this application can handle forecasting for companies of any size, smaller businesses are the most likely users. In some cases, and because of its affordable license, this solution is used in addition to a financial management software suite.
Business Budgeting Features
There are six main features in Business Budget, and each corresponds to the sequence of steps that needs to be completed to issue a forecast:
- General Information: This is the screen where users enter basic data that will be displayed on various reports. The financial calendar start and finish dates are input here along with the income tax rate of the business entity.
- Expense Accounts: All the standard expenditures, including payroll, are listed in this section, but users can define their own as needed.
- Sales: All customers, clients, and members who provide revenue to the company can be entered here along with their monetary contributions and net margins on a monthly basis.
- Detailed Expenses: Everything can be allocated according to operational needs. Annual, monthly, one-time, and extraordinary expenses can be marked as such.
- Variable Expenses: This section includes loans to be repaid as well as the percentage interest from various financial commitments.
- Capital Expenditures: In this module, fixed assets and expenses that can be written off because of depreciation can be entered.
Once users go through all the input features, Business Budgeting will present them with the option of exporting their data or generating reports such as income statements, sales forecasts, operational expenses, capital expenditures, and additional budget entries.
Business Budgeting Pricing
The one-time software license fee for Business Budgeting is perpetual, and it is also very affordable; in fact, business owners who need to present detailed forecasts to obtain a loan, attract investors, or sell their companies will find the cost of the license very reasonable even if they only generate a few proforma budget reports. There are no renewal fees to worry about.
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