How to Use Xero Budget Manager to Plan for the Future

Xero Budget Manager helps business owners forecast future income, costs and profit, then compare those forecasts with actual performance throughout the year. By regularly reviewing your budget against real results, you can see whether your business is ahead or behind plan and make better-informed decisions about spending, investment, sales targets and the money you can take from the business.

In the video above, Paul explains how he uses Xero Budget Manager in his own businesses, including a simple way to create your first budget using the previous year’s figures as a starting point. He also shows why regularly updating your forecast as actual figures become available can give you a much clearer picture of where your business is heading.

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