The Keys to Successful Business Budgeting

Budget image

  The business budget is an essential part of any business and is essential to ensure the financial health of your business. A well-designed budget helps you track income and expenses, control spending, and make informed decisions about allocating your resources. Although creating a budget can seem daunting, it doesn’t have to be complicated. However, […]

Cash Budget: Mastering Your Business Cashflow!

budget de caisse

  The cash budget or treasury budget includes all the budgets, forming part of what is called the master budget. It acts as a summary of all cash inflows and outflows of a business.     For its part, the master budget also includes all budgets, except that it also includes the provisional financial statements. […]

Business Strategic Choices : Optimize your Decisions!

business strategic choices

Business strategic choices allow it to move forward through a set of tactical decisions that must follow the general strategic framework in place. Jeff Bezos, the founder of Amazon, is known for his long-term planning and his creativity when it comes to strategic planning. He says that when someone congratulates him on last quarter’s results, […]

Inventory Budget : Explanations and Free Model!

inventory budget

The inventory budget is the one that comes immediately after the following budgets: Raw materials budget Direct labor budget Expenses budget   The reason why these take precedence is that they must be completed to know certain data. The inventory budget helps you see clearly the cashflows related to your inventory. Through this article, we […]

Business Expenses Budget : Explanations and Free Model!

budget des frais

The business expenses budget is the one that comes right after the direct labor budget. The reason the latter takes precedence is that it is necessary to know the budgeted direct labor hours to establish it. Thus, by knowing the hours of direct labor budgeted, we are able to establish the total indirect manufacturing costs […]

Direct labor budget : explanations and free template!

labor budget

The direct labor budget is the one that comes immediately after the production budget. The reason why the latter takes precedence is that it is necessary to know the units to be produced to establish it. Thus, by knowing the units to be produced, one can establish the total cost of direct labor, and then […]

Raw Materials Budget: Explanations and Free Template!

budget des matières premières

The raw materials budget is the one that comes immediately after the production budget. The reason the latter takes precedence is that it is necessary to know the units that need to be produced to establish a raw materials budget. Thus, by knowing the units to be produced, one can establish the total cost of […]

Production Budget: Explanations and Free Template!

budget de production

The production budget is the one that comes right after the sales budget. The reason why the latter takes priority is that it is necessary to know the expected sales to establish a production budget. Thus, by knowing the expected sales, we can establish the number of units to be produced per period.     […]

Sales Budget : Explanations and Free Template!

sales budget

The sales budget is part of a set of budgets better known as the master budget. The purpose of the latter is to structure the entire budgetary process. As discussed later in this article, several budgets flow from the sales budget. This is one of the pillars of the process.     What Is a […]

Successful Small Business Owner : Avoid Big Mistakes!

successful small business owner

A successful small business owner is facing some challenges every day and has to come over them. If you want to do the same, then you’re at the right place! Throughout the Covid-19 pandemic and the rise of internet commerce, thousands of individuals have chased their dreams of owning their businesses. Every successful business started […]