A Budget is a written forecast/ record of income and expenditure for a specific time frame – monthly, or annually.
You can use a budget as a spending plan – to make sure you have enough income to cover expenses.
Budgets can be a combination of several budgets:-
Examples:-
Sales ( income, less direct cost – cost of sales, – advertising, distribution)
Capital expenditure
Investment
Taxation
Overhead costs
Payroll
Specific Projects
The in depth detail of any Budget is not only based on the size of your organisation, but how you want to operate your business.
We can work together on your business needs and produce monthly, quarterly or annual budgets that you can either work with going forward by maintaining or we can maintain and report on activity (variances) for you.
Similar to the cash flow layout.
Difference is that a budget is concerned with actual income and expenditure in a given period where as the cash flow is the movement of cash paid and received.