Accounting services
Budgeting and forecasting services in Qatar
Thiqa Consulting provides budgeting and forecasting in Qatar. We build your yearly budget and cash flow forecast, update the forecast during the year and compare actual results with the budget, so owners and boards can see where the business stands. Tell us your year end and we send a written proposal with a fixed fee.
A laptop, a notebook and a ruler on a clean desk, ready for a budget review
- Yearly budgetBuilt on assumptions you agree
- Cash flow forecastSee a shortfall before it happens
- Rolling forecastsThe outlook updated during the year
- Budget against actualDifferences explained, line by line
Who uses budgeting and forecasting
A budget sets out what the business plans to earn and spend in the year. A forecast shows where the year is heading on current figures.
Owners use them to plan hiring, stock and investment. Boards, banks and investors use them to judge whether the plan is on track.
What we do
From the first assumptions to regular reports, the work comes in six parts. You choose what you need.
Assumptions
We agree with you the sales, costs and plans the figures are built on.
Yearly budget
We prepare the budget for income, costs and investment for the year.
Cash flow forecast
We forecast the money coming in and going out, so you see shortfalls early.
Rolling forecasts
We update the forecast during the year as actual results come in.
Budget against actual
We compare results with the budget and explain the main differences.
Reports for owners and boards
Clear reports on the figures, ready for your board or your bank.
How it works
- 1
Understand the business
We look at your past results and your plans for the year.
- 2
Agree the assumptions
Sales, costs, staff and investment are agreed with you.
- 3
Build the budget
We prepare the budget and the cash flow forecast.
- 4
Report and update
We compare actual results with the budget and update the forecast.
Documents we need from you
- Your last financial statements
- Management accounts or trial balance for the year to date
- Sales plans and expected prices
- Staff plans and payroll costs
- Planned investment and loans
- Customer and supplier payment terms
Get expert advice for your business
Tell us what you need. We reply with a written proposal covering the scope, the documents we need and the timeline.
Common questions about budgeting and forecasting
Answers about the service, the work involved and what to prepare. Open a question to read more.
What is the difference between a budget and a forecast?
A budget is the plan for the year: the income, costs and cash the business expects, agreed before the year starts. A forecast is an updated estimate of where the year will end, based on actual results so far. The budget stays fixed as the target; the forecast changes as conditions change.
What is a rolling forecast?
A rolling forecast is updated at regular points during the year and always looks the same distance ahead, so the outlook moves forward with time. Instead of waiting for next year’s budget, you see expected income, costs and cash on current figures. We agree with you how often it is updated and how far ahead it looks.
Why does a business need a cash flow forecast?
A profitable business can still run short of cash if customers pay late or large payments fall in the same month. A cash flow forecast shows the money expected in and out over the coming months, so you can see a shortfall early and plan for it, for example by agreeing payment terms or arranging finance in time.
What is a budget against actual report?
It compares what the business actually earned and spent with what the budget planned, line by line, and shows the difference. Large differences are explained, so owners and boards can see which costs are running over and which income is behind. It turns the budget into a tool for running the business, not just a yearly document.
Do small businesses need a budget?
Yes. A simple budget and cash flow forecast help any business, not only large companies. They show whether planned sales cover the costs, when cash will be tight and how much room there is to hire or invest. Banks and investors often ask for them too. We keep the format as simple as your business allows.
Tell us what you need. We reply with a written proposal.
You get the scope, the papers we need and the time it takes.
- 1You send your details by WhatsApp or email.
- 2We read them and ask anything we need to know.
- 3You get a written proposal: scope, papers and timing.