Delegated Growth Budgeting

Dear Accountant,

Step 7 how to delegate via budgeting

In my last post I showed how the business subplans are agreed with line managers. Now for the budgets that will give them responsibility for income and authority for expense in pursuit of their objectives.   

These will be reported via regular management accounts comparing actuals to budget at management team reviews.  

In my next post I’ll look at how line managers are contracted for their new roles.

With kind regards from

Duncan

Founder

This third series of posts reveals the steps needed to progressively evolve a practice into a business advisory business by learning to ‘take its own medicine’ first.
See the overview here https://www.runagood.com/consultancy and if you wish to jump ahead to see what’s coming, ask here or to see what’s already been posted here.

Duncan Collins founded Runagood® to make practical solutions affordable for owner managers via accountancy practices, profitably, by pioneering AI. He has automated the 000’s of consultancy techniques he learned the hard way during 60 years of running, helping, buying, selling one million businesses large and small. Ask him anything, anytime for free at duncan@runagood.com

The ‘Runagood® Business Pathway’ takes any client from start up to exit solving their every ambition and problem along the way.
…via a National Accountant Network.