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Business Budgeting 101 - Learn the basics of business budgeting 

Clara CFO Group
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To get the entire profit planning (strategic budgeting) class mentioned in this video for 50% off, go to: learn.claracfo.com/profit-pla...
Budgeting in your business is different than budgeting for your personal finances. You need to plan the entire year ahead of time, not just the current month!
We want you to be strategic and thoughtful in planning for the next year's financials, so we've put together some budgeting basics and things to think about whether you are a first-time budgeter or an experienced planner.
In this video Hannah goes through:
0:00 Budgeting Season
1:42 Why Budget?
3:42 What is a Budget?
5:45 How do we use a budget?
8:35 How do we create a budget?
12:30 How do we report on the budget?
I also mentioned Jirav for budgeting in this video. If you are curious about Jirav and want to schedule a Demo, you can do so here: claracfo.com/jirav
To learn more about CFO services, go to: claracfo.com/cfo-services/
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! claracfo.com/QBO
🙋‍♀‍Got Employees? Talk to ADP! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: claracfo.com/adprun
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
CODE: KNUPVL3HIEUJH2NT, FIPMVILDYLNFUGNY

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28 июн 2024

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Комментарии : 18   
@altafhusaen
@altafhusaen 2 месяца назад
Thank you for making such informative videos. We are so much benefitting from your work who can't afford to go to University. Keep it up. God bless.
@chaka.princess
@chaka.princess 3 месяца назад
Thanks Clara can you do "budgeting for an e-commerce startup"? l love your content, especially seeing more women in finance!
@rehemaminoo8029
@rehemaminoo8029 6 месяцев назад
Thank you Clara, It is a helpful presentation, and simplified enough.
@ClaraCFO
@ClaraCFO 6 месяцев назад
Glad it was helpful!
@brendarosander5984
@brendarosander5984 6 месяцев назад
I love your videos, I have learned so much! You give great realistic examples and make it easy to follow. If I could offer one suggestion it would be not zoom in and out with the camera. It is very distracting for me and takes away from the point you are making. I know I am probably in the minority of people who this distracts but for me it makes it more difficult to focus on the lesson. It will not keep me from watching every video you make but it would sure help me to focus without that distraction. Thank you for making this information so much easier to understand than other channels! I will recommend your channel to anyone looking for QBO how-to knowledge because I think you are incredibly knowledgeable with this program!
@ClaraCFO
@ClaraCFO 5 месяцев назад
thanks for the feedback - we've given that note to our editor that the zooming in and out isn't helpful!
@muhammadzubairkhan3136
@muhammadzubairkhan3136 8 месяцев назад
Thanks dear Clara....I just love you the way you explain things so nicely...❤
@ClaraCFO
@ClaraCFO 8 месяцев назад
You are so welcome!
@muhammadzubairkhan3136
@muhammadzubairkhan3136 8 месяцев назад
@@ClaraCFOI really love you dear Clara ...you are so beautiful ❤️
@GeovannysMusicProd
@GeovannysMusicProd Месяц назад
Fantastic Breakdown
@alonzolopez6264
@alonzolopez6264 8 месяцев назад
Your the Best from Texas and I always Budget
@ClaraCFO
@ClaraCFO 8 месяцев назад
thank you! yay for always budgeting!
@oscargarcia5498
@oscargarcia5498 8 месяцев назад
Hannah, great video. Question, for small businesses which typically comes first?t The goal or the budget? Great point on monthly reviews of the shortfalls on revenues. Finding the why is crucial.
@ClaraCFO
@ClaraCFO 8 месяцев назад
Great question Oscar! If your goals include financial targets, then it would be good to have goals in mind before you budget. However, sometimes we find that the goals may be UNREALISTIC after the budgeting process. So you may need to revisit goals after budgeting. Remember that we need to set SMART goals, and that sometimes the budgeting process can reveal if we are being too optimistic in our goal setting. So I still like to have the flexibility to modify goals after the budgeting process. But I also like to make sure my budget is more conservative than maybe an internal stretch goal.
@oscargarcia5498
@oscargarcia5498 8 месяцев назад
Great explanation. Thank you@@ClaraCFO
@malikbhai024
@malikbhai024 8 месяцев назад
Great demonstrator i even get
@ClaraCFO
@ClaraCFO 8 месяцев назад
thanks for watching!
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