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3 Easy Steps in Budgeting

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Manage episode 213016392 series 2398987
Content provided by BizReflections. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BizReflections or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Budgeting is an important aspect of business planning whether the business is a start-up or operational. It is a process of making a plan of future income and expenses, capital expenditures and cash requirements over a period of time, generally within a 12-month period.

The most common budget consists of income and expenses where projected revenues and expenses are determined based on reliable information to achieve the desired profit.

Budgeting is an effective monitoring tool in measuring the financial performance of the business by comparing the actual results of operations versus budget.

by Fe Soncayaon, CPA, CGA | FSS Accountinglink Professional Corporation or FAPC | 647-526-4873 | info@fssaccountinglinkpc.ca | www.fssaccountinglinkpc.ca

  continue reading

30 episodes

Artwork
iconShare
 
Manage episode 213016392 series 2398987
Content provided by BizReflections. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BizReflections or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Budgeting is an important aspect of business planning whether the business is a start-up or operational. It is a process of making a plan of future income and expenses, capital expenditures and cash requirements over a period of time, generally within a 12-month period.

The most common budget consists of income and expenses where projected revenues and expenses are determined based on reliable information to achieve the desired profit.

Budgeting is an effective monitoring tool in measuring the financial performance of the business by comparing the actual results of operations versus budget.

by Fe Soncayaon, CPA, CGA | FSS Accountinglink Professional Corporation or FAPC | 647-526-4873 | info@fssaccountinglinkpc.ca | www.fssaccountinglinkpc.ca

  continue reading

30 episodes

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