The End of the Financial Year is coming…
Fee Fi Fo(rmula) Sum. The time has come for a budget plan. Whether you love figures or loathe them, by 31st March, the books must be balanced. Read our top tips on making the most of what’s left from your 17/18 budget and making an effective plan for the year to come.
1. Analyse every single bit of expenditure
Lots of items and activities are included in the annual budget, simply because “that’s the way it’s always been”. The end of the financial year is a brilliant opportunity to challenge these outgoings. Ask yourself, can this item be done another way? Could we get a better result?
If you’ve found a preferable solution, but need to get others to buy into change, make sure you do your research. Are there case studies you could present? Would it save money? If so, great. If not, would it produce other positive results?
2. Left with surplus?
If it’s money you can roll into your 18/19 budget – brilliant. If not, well, we don’t need to tell you that you’d be better off using it than losing it. Think ahead to next year. Are there any key items, big projects, or even training programmes that you’re likely to need? Can you pre-purchase them?
Here at Felgains, we can process invoices before 31st March, but wait to deliver your items whenever it would be convenient, up to 31st December 2018*. And don’t worry, we won’t let it slip your mind. If you haven’t organised delivery with us by early December, we’ll send you a little reminder.
3. Save, save, save. And we don’t mean money.
Sounds obvious, but if you’re relying on the wizardry of Excel, save your documents regularly. It’s also a good idea to save a few different versions of your document, so if at some point your numbers stop adding up the way they should be, you can always fall back to a previous iteration.
And remember to take regular breaks. No matter what task you’re tackling, effective care starts with you.
*In the unlikely event that the manufacturer of one of your items imposes a price increase, we may ask you to top-up your payment to meet the increased figure.