FAQs: Financial Planning Services

1. What is financial planning and why does my business need it?

Financial planning is the process of setting financial goals, creating budgets, forecasting income and expenses, and developing strategies to guide business growth and sustainability. It helps you:

• Make informed financial decisions
• Avoid cash flow problems
• Identify funding needs
• Maximise profits while minimising costs
• Prepare for taxes, investments, and business expansion

2. What services are included in your financial planning package?

Our financial planning solutions include:

• Budget creation and cost management
• Revenue forecasting and cash flow projections
• Strategic business planning and financial goal setting
• Profitability analysis and break-even analysis
• Debt management and repayment plans
• Investment and funding advice
• Scenario planning and risk assessment
• Financial reviews and performance analysis

3. Who should use financial planning services?

Our services benefit:

• Startups and small businesses needing structure and financial discipline
• Growing SMEs preparing for expansion or funding
• NGOs and donor-funded organisations managing project budgets
• Traders and market operators looking to improve profitability
• Professional firms needing cash flow clarity and reporting

4. How do you help forecast my business income and expenses?

We analyse your:

• Historical financial records (if available)
• Sales trends and seasonality
• Fixed and variable expenses
• Industry benchmarks and Ghanaian market conditions

Using this data, we prepare realistic monthly or quarterly forecasts and help you adjust your strategies accordingly.

5. Do you help create business budgets?

Yes. We prepare:

• Annual operating budgets
• Project-based or departmental budgets
• Rolling budgets for dynamic businesses
• Comparison reports (Budget vs Actual)

These help control spending and align your financial goals with daily operations.

6. How often should I review my financial plan?

We recommend reviewing financial plans:

• Quarterly to monitor performance and make adjustments
• Annually to revise goals and budgets for the new business cycle
• After major business changes (e.g., expansion, funding, regulation changes)

7. Can you help with business funding or investment readiness?

Yes. Our team can:

• Prepare financial plans and projections required by banks and investors
• Support the development of business proposals and pitch decks
• Guide on investment options and repayment strategies
• Help with business valuations and growth modelling

8. Is this service useful if I don’t have an accounting background?

Absolutely. We simplify all financial concepts and provide:

• Easy-to-understand reports
• Visual summaries (graphs, dashboards, KPIs)
• One-on-one strategy sessions to explain insights and recommend action steps

You’ll always understand where your business stands, regardless of your financial literacy level.

9. Are your financial planning strategies compliant with Ghanaian regulations?

Yes. We ensure all financial strategies and budgeting align with:

• The Companies Act, 2019 (Act 992)
• Ghana Revenue Authority (GRA) tax structures
• National Board for Small Scale Industries (NBSSI) business practices
• Local banking and investment regulations

10. How do I get started with your financial planning services?

It’s easy to begin: