ACEVO's Full Cost Business Planner
Helping you to understand your costs in a recession
Understanding your organisation's costs is more important than ever when entering into a recession. With an unpredictable global economy, knowing your organisation's true costs is crucial whether you run a large or small organisation. ACEVO have been campaigning for 10 years about the importance of Full Cost Recovery and keeping on the road to sustainability. With such unsure times ahead, not just for the third sector, but for the economy as a whole, remaining sustainable, and ensuring you accumulate reserves, is crucial. Historically, organisations have struggled to fund their overheads, leading to unexpected shortfalls and underinvestment. The principles of Full Cost Recovery are central to ensuring that overheads are allocated accurately and realistically. This will then provide organisations with the minimum cost of their projects and services, allowing them to make informed decisions about funding, reserves and turnover.
The Full Cost Business Planner (FCBP) can help you to calculate your full project costs, including your overheads. FCBP uses full cost recovery principles, and includes a business plan writer. This practical and easy-to-use tool will help you make informed decisions about your core costs and the funding you require. FCBP is available to purchase on our website. If you would like to discuss the tool in more detail please contact the Full Cost Recovery team here.