There are two parts to the master budget you should set up for your business firm - the operating budget and the financial budget. The operating budget is always prepared first as it has to do with the income-producing activities of the business firm. The financial budget cannot be prepared until after the operating budgets as it depends on information from the operating budgets. The financial budget includes the cash budget, the capital expenditures budget, and the budgeted balance sheet.
Learning proper budgeting techniques for your business firm requires study. Study the budgeting articles on my website to learn to prepare both the operating and financial budget. It is not easy - but nothing important ever is. Once you master it, you will have learned a really important business management skill.