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Budgets are statements of estimated resources set apart for execution of planned works or activities over a specified period of time. A budget is the blue print of the outcome of the organization's operations in a financial year. Budget indicates the quantitative parameters of an organization's performance. Terry has defined budgetary control "as a process of finding out what is being done and comparing the result with corresponding budget data to verify accomplishments, or to remedy differences."

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Q: Could you explain the concept of budgeting in a business?
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Where could a person find budgeting spreadsheets?

Budgeting spreadsheets can easily be found on the internet. Some of the sites even provide an tutorial to get started. Moneysmart, bankofamerika and makeuseof are a few of these sites.


What are the effects of improper budgeting?

Budgeting improperly, or in discord with the amount of things needed to paid in a particular month or year, can lead to extended debt and creating a sort of poverty that could have been avoided with a better budget. In addition, if loan repayment or credit card repayment has not been budgeted for, those loans could default and objects like cars or homes could be taken away, and a credit card that goes unpaid wreaks havoc with a credit score. Similarly, if rent is not budgeted for, the landlord has grounds for eviction. Improper budgeting has many detrimental effects and is best avoided.


Where could i cash a check over 30 days old?

You should call the person (business) and explain why you didn't get to cash the check in time sometimes they will send you one back. I could find nowhere that they're allowed to cash old checks I hope this answered your question


Where could one order business card scanners online?

One could order business card scanners from a variety of stores and locations. There are many places that one could order a business card scanner. Epson, Amazon, Best Buy, Staples, and Office Depot are examples of retailers and stores that one could purchase and order business card scanners.


What type of software could one buy for an at home business to keep track of sales?

Business software such as Microsoft Office may be useful for a person or business looking to keep track of sales. Similarly, other software packages such as Accountz Business Basic could help a business, for example.

Related questions

What could happen to a business if budgeting process is faulty?

It depends on how it is faulty. If the fault lies in not budgeting enough, the business will find they don't have the money they expected. If the fault is in budgeting too much, then the business will have more money left than they anticipated.


Discuss the limitations of traditional budgeting and explain how zero based budgeting could overcome the limitation of traditional budgeting?

Traditional budgeting is less precise because money that is left over is not accounted for. Zero based budgeting accounts for every single dollar, hence it is more accurate.


Could you please Explain the importance of Business Communication to you and to business?

Business communication is important so that you can deliver the right products and services to customers. When there is interference in communication, the business could potentially lose money.


Explain how an organisation could improve the quality of its business information justifying each of their recommendations?

No.


Does the concept of temperature apply to a single molecule?

Concept of temperature in single molecules could be explain through statistical thermodynamics and measure the temperature in term of kinetic energy of the molecules. Forclassical thermodynamics, the temperature is macroscopic properties andcan't be explain or describe in the classical scope.


Why is elasticity an important concept for a business like beachfront properties?

Elasticity an important concept for a business like beachfront properties because it determines how much the value of the property could potentially fluctuate. If the price goes down, demand increases.


What is the concept of an aircraft drawing?

The concept of an aircraft drawing could be for several different reasons. It could be a simple work of art to showcase the aircraft, or a very detailed guide to understanding the parts and functions of the aircraft. It could explain how it functions, what it is made up of, how to repair certain parts.


Why is there a need of effective correlation between budgeting and planning?

There is a need for correlating budgeting with planning because without a budget the plan could not be put into reality.


How did the marketing concept turn business upside down?

It was accepted that organizations should make only what they could market instead of trying to market whatever they could make.


Where could a person find budgeting spreadsheets?

Budgeting spreadsheets can easily be found on the internet. Some of the sites even provide an tutorial to get started. Moneysmart, bankofamerika and makeuseof are a few of these sites.


What is the disadvantage of the going concern concept?

One of the disadvantages of the going concern concept is that it may not accurately reflect fair market value. A business may not end up having to go out of business and liquidate its assets. The company could pull through and raise enough resources to stay operational.


What does a Business Developer Do?

I took a Apptitude test the other day and it showed " Business Development " as a career that people like me would be good at. I have had Many sales jobs and I understand the importance of Budgeting my self and such. I've always had the Idea of owning and opperating my own business. I know that business dev. is different. Anyways, if there is anyone out there that does this for a living, could describe a typical work day? Thank you. Wes