Tag Archives: budgeting

The Budgeting Process -3

by Posted on June 24, 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,…

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Giving The Budget A New Purpose

by Posted on June 22, 2009

Variances, properly used, can give budgets a new purpose. Companies need to look on variance reporting not just as a means for calling managers to account for problems, but a way of turning that budgeting process into a profit center.…

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