Budget


Nov

27

2018
Why You Need to Use Electronic Accounting for Budgeting

Why You Need to Use Electronic Accounting for Budgeting

If you’ve been budgeting for a while now, you may have noticed ups and downs in prioritized expenses every month. Rarely do they stay constant nor are they predictable. The best way to track your cash flow is to use electronic accounting. That is keeping digital records of your financial transactions, and using accounting software to process the data. You can use an app, spreadsheets...

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Oct

30

2018
Interim Executive Tips: Beating the Constraints of Budgeting

Interim Executive Tips: Beating the Constraints of Budgeting

Budgeting has a bad reputation among employees. Some view it as tedious, boring and, most notoriously, restrictive. They can be painful for an organization as it places constraints and establishes goals, but the success achieved is well worth it with these interim executive tips. Some employees may feel that budgeting is useless. If you’re being cost-effective, not overspending and being mindful of your expenses, some...

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Oct

26

2018
4 Budget Principles for Small Businesses

4 Budget Principles for Small Businesses

Running a small business means having a small budget. Startup costs, loans, and financial fluctuations can overwhelm small business owners, but with a good budget, they can stay in control. No matter how small or new your business is, don’t skip out on a budget. Furthermore, create one that is sustainable and realistic. To build such a budget, identify your risks, overestimate costs, and plan...

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Oct

01

2018
Budgeting 101: Where to Start From

Budgeting 101: Where to Start From

Your budget is the single most important plan that can make or break your business. Understand how to create a budget you can stick to using two methods We’re three weeks into 2018. The breaking point for most new year’s resolutions is now. . . which you can tell by the crowds getting thinner at the gym. Modern businesses with new plans, strategies, and budgets...

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Sep

27

2018
Personal Budgeting 101

Personal Budgeting 101

Personal budgeting isn’t talked about as often as budgeting for businesses. Tracking your income and expenses is something all households must do, especially if you want to save up, pay off debts and plan for your retirement. Budgeting isn’t just good for businesses. It’s good for you at home as well. Tracking your personal expenses can help you increase savings, pay off debts, and give...

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Sep

24

2018

The A-Z of Zero Based Budgeting

Zero based budgeting is spreading like wildfire in the business world. It has made a big impact everywhere, starting from its inception in the sixties to being adopted by large companies like Unilever today. Zero based budgeting might be a common concept today, but not many are aware of it. We take you through its history, differences and opposition to give you a full picture...

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Sep

04

2018
3 Ways to Invest Smartly in your Marketing Budget

3 Ways to Invest Smartly in your Marketing Budget

The marketing budget makes up one of the most important part of your annual budget, and at times, the most expensive. Year after year, executives plan and budget marketing activities for the fiscal year. Money is spent on trade shows, outbound campaigns, advertising, and more, and at the end of the 12-month session, they are reviewed and if successful repeated for the next year. This...

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May

17

2018
3 Myths about Budgets for Small Businesses

3 Myths about Budgets for Small Businesses

Small businesses owners have a bad impression of budgets. They feel that they can be left until the end, are suffocating and set in stone. All of these things aren’t true. 1. Budgets can be left to the end A common myth is that you should leave all the financial stuff until after you’ve finished making your business plan. That’s a mistake because your plan...

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May

15

2018
How Consistent Financial Information Can Be an Asset for Your Organization

How Consistent Financial Information Can Be an Asset for Your Organization

In this episode, we are joined by interim executive Bill Hegeman. He shared different challenges and signs of trouble to look out for in companies gleaned from his decades of experience in executive positions. He told us some of the ways he is bringing an impact in his current assignment by stressing importance on financial information: When I came here cash was extremely tight and even...

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May

09

2018
Why You Should Do Both Short-term and Long-term Budgeting

Why You Should Do Both Short-term and Long-term Budgeting

Budgeting your cash flow depends on the forecasting of future expenses and revenue. To help you predict those values, there are multiple models and programs that take historical data and future plans into account to forecast approximate figures. Forecasting for your budget can be calculated for both the short or long-term. Each time period has its own benefits and using a combination of the two...

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