| The primary goal of any establishment that sells liquor, | | | | results versus the desired results. |
| beer and wine is profit. Taking control of your liquor, | | | | The liquor, beer and wine inventory software we |
| beer, and wine inventory is the first step. | | | | choose to collect the data is a crucial tool to assure |
| To confirm we are making progress in our profit | | | | the accuracy of the data we utilize to compare and |
| making goals, we need targets and ways to measure | | | | reconcile our budget results. |
| the success or failures our business may be | | | | We must realize our budgets will go through certain |
| encountering. It is for this reason, we create budgets | | | | phases and the set of figures we input can change as |
| which will allow us to better monitor and take the | | | | our business environment evolves. In the first phase, |
| corrective actions needed to reach our goals. | | | | we project the financial future in detail and make sales |
| What is a budget? It a financial plan for a specific | | | | realistic forecasts, but changes do occur and we may |
| period, month, quarter, year...where we try to compare | | | | be obliged to review our budgets as we enter our |
| the sales we hope to make versus the costs | | | | specific period. |
| associated to these sales. | | | | In the last phase of the budget, we compare the data |
| The budget we create will at first be just a plan that | | | | and we are then in a position to analyze areas that |
| details the sales we expect to make, costs and the | | | | require more attention or maybe modify the budget |
| desired profits. But as we enter the budget period, the | | | | initially created as our goals are either unattainable or |
| budget takes on a new personality; it becomes one of | | | | the "bar" has been placed too low. |
| our control tools that help us compare the actual | | | | |