The third and final part of the Beginner’s Guide to Variance Analysis! In this article, we recap the methodology of actuals vs forecast analysis and look at how to interpret the results. It turns out that re-forecasting and course correction are just some of the things that variance analysis can offer a business.
In the first of 3 articles on ‘A Beginner’s Guide to Variance Analysis’, I’m going to explain what actual vs forecast based variance analysis is – and how to plan effectively using it.
In this article, the second in our series on financial planning in Brixx, I’m going to lay out some practical ways to improve your sales forecasting skills – even if you are an absolute beginner.
In the last two articles I talked about what financial modelling is and how this is different to the kind of planning present in many business plan templates. Today I’m going to outline the practical side of how a financial model (and a Brixx model in particular!) can help bring clarity to business planning, as well as being a great asset in the long run.