Monthly Archives: June 2009

Step 7. Explanation. Budget explanations create a lot of trouble for everyone. That’s because in most cases, there is no logical assump¬tion base. So what can you say about an expense that’s higher than the budget? In the traditional system,…

Step 4. Sales forecast. The sales forecast should precede the cost and expense budget. Because your business and marketing plan is based on assumptions concerning an expanding market, the sales number should be developed as a first step. In many…