E34: Budgeting vs. Forecasting: What Every Business Should Know

In this episode of the Ash, Hubert, and Kevin Podcast, we delve into the essential differences between budgeting and forecasting and how mastering both can drive success in your business. Whether you’re a business owner or finance professional, understanding these financial tools is key to ensuring growth and sustainability. Learn how budgeting and forecasting can give you a roadmap to your business’s financial future while staying agile in a changing market.

💡 Highlights from the episode:

Understanding the key differences between budgeting and forecasting.
How to build a robust budgeting and forecasting process.
Case studies: How Qantas and Woolworths navigated financial challenges.
Practical tips for implementing budgets and forecasts.
The importance of a three-way forecast to manage cash flow and business performance.
Tune in to hear practical advice on how to turn financial data into action and make smart, data-driven decisions for long-term growth! 🎧💡

Don’t forget to like, subscribe, and share if you found value in this episode! Let us know what you’d like to hear more about next!

______________________________________________________

Welcome to the Ash, Hubert & Kevin Pod (AHK). We share finance stories, lessons, and mistakes to help business owners and finance pros understand sometimes complex concepts.

Our aim is for you to leave each episode thinking, "Ah, k. I get it now."

The hosts are Chartered Accountants, and here is a little bit about them:

Ash: Husband, dad, and strategic finance leader with more qualifications than letters in the alphabet.

Hubert: Husband, dad, and the technical finance leader with a passion for anything with engines.