An Introduction to Preparing a Budget

  • Price: £3.60
  • Published: July 2015
  • Type: Business Information Factsheet
  • Format: PDF

Every business needs to have a clear plan for where it is going and what it is trying to achieve. A budget is a financial plan for your business that covers a specific period of time. It is a key element of your business plan as it details the financial performance that you expect your business to achieve. It also ensures that you plan ahead, thus reducing uncertainty about the future and helping you to identify problems before they arise.

This factsheet explains what a budget is and describes the benefits to your business of having a budget. It explains how to prepare a sales and expenditure budget and how to use it to keep control of your business finances. It provides hints and tips and sources of further information.

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