Budgeting Services

A budget is an internal guideline of income and expenses planned for during this fiscal year. A budget is useful as both a forth sight tool to plan and expect or a hindsight tool to analyze and understand. With any business, the unexpected and unknown can be costly. Gary Mehta, CPA, EA helps you evade expensive mishaps by assisting clients in preparing and optimizing the budgets. We provide budget formation and maintenance services for both for-profit businesses and nonprofits. 

  We work with clients to prepare a reasonable budget and even analyze their current one. Periodically and in conjunction with the board of directors or active shareholders, we analyze and assess the expected for present and upcoming fiscal periods. Our assessment helps us get a better understanding of the business’s long term and short-term objectives. The goal of budgeting is to meet these objectives. 

Our typical budget preparation process includes considerations for 

· Maximizing profitability

· Cash needs for business expansion and capital acquisitions

· Satisfaction of debt

· Planning for the expected and unexpected

· Understanding the industrial processes and adherence to the industry’s best practices and business models

After the fiscal period is over, we also conduct budget variance services to help our clients understand the expected, unexpected, and areas with room for improvement. When budgeting, we conduct due diligence on the industry's best practices and processes and process to replicate profitability and get a better understanding of expected. Our focus is to provide better information on the client’s income and expenses by conducting ratio analysis and comparing the ratios to the industry average. We also use these ratios to analyze how profitability maximization. 

As accountants and licensed tax preparers, we value the growth and success of your business because it is mutually beneficial for both of our industries. As a CPA firm, we can bring a wealth of knowledge and insight into your business that will decrease the unknown and unexpected. While our accounting practice serves all of New Jersey, including Jersey City and Princeton, budgeting services are crucial everywhere. Hence, Gary Mehta, CPA, EA can assist clients in any jurisdiction.