Budgeting for Small Businesses
What is a Budget?#
A budget is a financial plan estimating income and expenses for a specific period.
Types of Budgets#
Operating Budget#
- Revenue budget
- Expense budget
Capital Budget#
- Asset purchases
- Infrastructure
Cash Budget#
- Monthly cash flow
Budgeting Process#
- Review past performance
- Set financial goals
- Estimate revenue
- Plan expenses
- Monitor and adjust
Conclusion#
Budgeting helps businesses plan and control finances effectively.