There are numerous budgeting techniques that can be used to produce a target plan for a business including zero based, flexible and rolling budgets.
This payback period calculator will help a business to calculate payback period in Excel.
The payback period is the time it takes a business to recover it’s investment in a project. Our tutorial on the payback period method gives full details about how to calculate and use the payback period.
The payback period is the time it takes to earn back the cash invested in a project. It allows a business to determine how long it will take before a project will recover it’s original investment. The simple payback period, is a useful tool for a business to compare projects. Using the payback period method, the business would choose the project which has the shortest cash payback period.
A Rolling Forecast is a business forecast which is updated on a regular basis. Forecasts are a map of where a business is going, they are a guide, not a manifesto to be stuck to come what may. To make them useful they need to be updated on a monthly basis and used to manage.