As a finance manager I’ve done my fair share of budgeting. If you are new to the process then this blog series should be a great starting point.
Every organisation budgets slightly differently, but broadly speaking this is an annual event that will be linked to company projections and performance based pay. Therefore they are important, and often quite emotive.
In order to budget well you need to focus on the following three elements:
I’ll be going over each of these in a bit more detail over the next few weeks, starting with Timelines