Yaqoob Abubakar
invited you in the "Meeting Type"

Discussion on upcoming budget and its impact on the company

Small businesses should create more than one budget or create several reports within a budget. A master budget lists your expected annual income and expenses to help you control your spending to meet profit goals. A functional budget lets you track the performance of a single department or project. Small-business owners should use the information in a master budget to determine their overhead expenses, which include costs such as rent, insurance, office staff, marketing, office equipment, phones and Internet service. A manufacturing budget identifies the hard costs of producing a product or service, such as materials, labor and energy.

Yaqoob Abubakar
invited you in the "Meeting Type"

Discussion on upcoming budget and its impact on the company

Small businesses should create more than one budget or create several reports within a budget. A master budget lists your expected annual income and expenses to help you control your spending to meet profit goals. A functional budget lets you track the performance of a single department or project. Small-business owners should use the information in a master budget to determine their overhead expenses, which include costs such as rent, insurance, office staff, marketing, office equipment, phones and Internet service. A manufacturing budget identifies the hard costs of producing a product or service, such as materials, labor and energy.