Management Accounting and Budgeting

Finance is the life blood of a business.  Therefore, financial planning is of utmost significance to a businessman.  Financial planning is concerned with raising funds and their effective utilization with a view to maximize the wealth of the company.

In spite of good financial plan, the desired results may not be achieved if there is no effective control to ensure its implementation.  A budget is an important tool for financial planning and control.

A budget is a plan expressed in quantitative, usually monetary term, covering a specific period of time, usually one year.  In other words a budget is a systematic plan for the utilization of manpower and material resources.  In a business organization, a budget represents an estimate of future costs and revenues.

Budgets may be divided into two basic classes:

  • Capital Budgets
  • Operating Budgets.

Capital budgets are directed towards proposed expenditures for new projects and often require special financing.  

The operating budgets are directed towards achieving short term operational goals of the organization, for instance, production or profit goals in a business.

At Roz Lahey Accounting we can help with all your budgeting making sure your business and viable into the future.

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John Kirkpatrick
Director, Quality Air
"I have been working with Roz for nearly 30 years since she was doing her training with her original employer and have found her to be of high integrity and very helpful on all my matters of taxation."
Anthony & Tracey Best
Mister Minit, Forest Lake
"We have always found Roz and her staff to be professional, friendly and knowledgeable. Our requirements have always been met in a fast and professional manner."
Don Jordin
Managing Director, EHS Landscaping, Browns Plains
"EHS Landscaping has been a client of RLA for the past 15 years. During this time we have always found them to be extremely professional and helpful in all of their dealings with our company."
Garry MacFarlane
Barbeques & More, Browns Plains
"I would not hesitate to recommending the services of RLA to anyone looking for highly professional bookkeeping, financial services and BAS advice."
Frank & Leanne Skalski
ANZ Mobile Lending, Upper Mount Gravatt
"We have used RLA for a period of ten years. We have come to rely on Roz’s advice and have found her very thorough and efficient in all her dealings with us. We have no hesitation in referring her to our family, friends, colleagues and our own customer base."

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