Crucial to the success of any program is the accurate projection of revenue and expenses. Freedom Services' team of accounting professionals has extensive experience in this area and works with our partners to build projected expenses into the loan pricing logic so that the targeted net income is achieved. Components of this process include:

• Annual line item budgets prepared based upon historic costs combined with anticipated changes in the current economic conditions and/or program characteristics. Communication during this process is imperative to ensure that projected loan volume and related funding costs are accurately reflected in the budget. 
• The final budget will be updated throughout the year to incorporate significant changes that are made to the program. 
• On a monthly basis a comparison of actual and budgeted results will be completed with a detailed explanation of why any variances in excess of a predetermined amount have occurred. 
• A bi-monthly analysis of the pricing logic will be completed to evaluate whether the revenue being generated is sufficient to cover both actual expenses and the desired profit.