Budget and Projection is a process that analyzes an organization’s financial statements and current financial position, and presents an assumption of how the organization will behave in the future. A financial projection, on the other hand, is a hypothesis that is based on assumptions, not actual data.
Budgeting quantifies the expectation of revenues that a business wants to achieve for a future period, whereas financial forecasting estimates the number of revenues that will be achieved
financial projection is a forecast of future revenues and expenses. Typically, the projection will account for internal or historical data and will include a prediction of external market factors. In general, you will need to develop both short- and mid-term financial projections.
We can do a budget for just a year or five years and adjust the budgets when the client sees fit. We can also do projections that will allow the client to see on the data they have if they will be profitable or not.