What’s the Difference Between Forecasting, Planning, and Budgeting?
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Show Notes
In episode #6, let’s talk about planning. Or is it budgeting? Wait, no it’s forecasting. Let’s talk about the differences in these terms. Either way, the dreaded budget season is approaching this Fall if you are on the calendar year. Those in FP&A know what I’m talking about!
- The difference between forecasting, budgeting, and planning
- Should I forecast? - How often should I update the forecast?
- Should I do a rolling forecast and skip the budget?
- Do I need to budget?
- At what ARR size do I need a budget?
- Planning encompasses all of this
- Who does the planning for a SaaS company?
- Are there templates for forecasting and budgeting?
- Planning tests the operational knowledge of your leadership team
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