Practical Accounting 3

BUDGET SETTING

This is the single most neglected feature in any organisation.

Yet without setting budgets we have no goal posts through which to kick the ball!

As in sport, we should always strive to stretch our limits. Thus Sales Budgets provide the impetus that drives the whole venture.

We all need some yard stick by which to determine what pricing to put on to a product or service that we sell.

It is often easy to determine the price that we pay for an item that we purchase