1. Money

Budgeting for Business

Budgeting is the process of mapping the present and the future for a small business. Developing budgets for the present allows the business owner to determine how well the firm is staying within the prescribed budget. If the firm is deviating, the business owner must figure out why. Budgeting also involves developing budgets that are essentially financial forecasts for the future.
  1. Types of Budgets (5)

Definition of budgeting

Business Budget Worksheet
Small businesses need to use worksheets to develop their budgets. This is a sample worksheet that a business can use to develop a generic budget.

Prepare a Working Business Budget for Business Success
Small business have to have a working financial budget that they follow every day. Business budgeting is the process of creating a business budget that works for a company and is used as a guideline for daily operations. A budget should estimate income and expenses and record differences in actual and estimated figures.

Budgeting - What is a Master Budget?
Preparing a master budget every year as a step in the budgeting process is the best way to operate a business. The master budget includes the operating budget and the financial budget and all the associated schedules. This article introduces all the parts of the master budget.

Budgeting - Preparing the Operating Budget for a Small Business
Budgeting for your business includes preparing your operating budget which will eventually lead to calculating your operating profit on the income statement.

The Sales Budget - an Example
Here is an example of a developed sales budget from forecasted sales.

The Production Budget - An Example
The production budget, with an example, is one part of developing an operating budget.

How to Prepare a Direct Materials Purchases Budget
Here's an example of how to develop a portion of the operating budget for a business firm - the direct materials purchases budget.

How to Prepare a Direct Labor Budget
This is an illustration of how to prepare a direct labor budget, based on the example we are developing of the operating budget of a business firm.

Budgeting - How to do a Financial Budget for a Small Business
When a business develops its strategic plan, it should also develop its operating and financial budgets. This is an overview of the financial budget and what it consist of.

How to do a Cash Flow Analysis
Cash flow can be defined as the way money moves into and out of your business; it is the difference between just being able to open a business and being able to stay in business. Preparing a cash budget is a form of cash flow analysis which is a method of checking up on your firm’s financial health. It is the study of the movement of cash...

The Reasons for Business Budgets
This article discusses the reasons for business budgeting and planning.

Make Your Business Budget Work
Budgeting and planning are some of the most important functions that make a small business successful. This article gives you six steps to help make a business budget work.

Budgeting Problems in a Recession
Readers respond to a question about their budgeting problems in the recession.

budgetary slack
definition of budgetary slack

Building a Small Business Budget from the Bottom Up
This is an article that gives you detailed steps in building a budget for a small business firm.

Expense Budget Spreadsheet
This is a template from Microsoft Office Online that will help you get started with your business budget.

Preparing an Overhead Budget for a Small Business
Here is an example of how to prepare an overhead budget as part of the operating budget of a small business, Art Craft Pottery, that we are using as an example to illustrate the budgeting process.

Ending Finished Goods Inventory Budget - An Example
In developing the operating budget for a business, you develop the ending finished goods inventory budget after the direct materials, direct labor, and overhead budgets are developed. Here is an example.

Prepare a Cost of Goods Sold Budget - an Example
In the process of developing an operating budget for a business, you develop the cost of goods sold budget after developing the direct materials, direct labor, overhead, and ending finished goods inventory budgets.

Preparing a Selling and Administrative Expenses Budget
One of the budgets making up the operating budget for a business firm is the Selling and Administrative Expenses Budget.

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