Types of business budget

[Starmix]

We have to know as business persons the types of business budget. In these hard times, businesses are affected by what is going on in the market globally. It is not only us who suffer but also the world, at least we have to know the types of business budget to prepare for the worst. These are the following:
1. Master budget;
2. Operating budget;
3. Capital budget;
4. Cash budget or flow budget;
5. Labor budget, and
6. Static budget.

I need to pay attention to these types of business budget since I am operating a small business. What about you?

 

[Augusta]

The most important thing is to have a business budget that can work perfectly well with your business and it would be effective for you

 

[Starmix]

The most important thing is to have a business budget that can work perfectly well with your business and it would be effective for you

Yeah that's the best cure for every businesses that want something to improve it's sales and productivity.

 

[Fidelia]

The most important thing is to have a business budget that can work perfectly well with your business and it would be effective for you

And it involves a person understanding his or her business vividly. The thing is that the budget that works for a particular business might not work for another similar business.

 

[Augusta]

And it involves a person understanding his or her business vividly. The thing is that the budget that works for a particular business might not work for another similar business.

That's right this means that it is to work only with a budget that is perfect to your business

 

[King Belieal]

Budgeting is an act of sitting down to count the cost in your business and it is very important for any business that wants to grow and expand to have a workable budget.

 

[Starmix]

I like all these 6 types of budgeting especially number 6 which is static budget,Labor budget is not easy to budget the number 3 type of budget which is capital if it is unsufficent.

 

[Suba]

There are many different types of business budgets, so we have to prepare them according to business interests and the type of business itself. When preparing a master budget we also have to pay attention to fixed costs and variable costs. A master budget is also needed when a business is going to carry out a merger or acquisition.

 

[Starmix]

There are many different types of business budgets, so we have to prepare them according to business interests and the type of business itself. When preparing a master budget we also have to pay attention to fixed costs and variable costs. A master budget is also needed when a business is going to carry out a merger or acquisition.

There you are Mr. CPA and MBA, so perfectly elaborated. What can you say about a static budget? What does it mean? does it mean no use,lol.

 

[eLdavis]

I didn't know budgets can be classified in this ways. Though at the moment I am creating a budget for advertising for my business.

 

[Starmix]

I didn't know budgets can be classified in this ways. Though at the moment I am creating a budget for advertising for my business.

Since you are skilled in digital designing, you need an operating budget or capital budget. Your skill will bring you a lot of money someday.

 

[eLdavis]

Since you are skilled in digital designing, you need an operating budget or capital budget. Your skill will bring you a lot of money someday.

Yes I we work towards that, thanks for the encouragement though.

 

[Starmix]

Yes I we work towards that, thanks for the encouragement though.

I observed that you're offering your services through your skills with a boss better be the boss have the money of your dreams.

 

[Xtynehappy]

I think for me l use the most customizable business budget that works best for me.

 

[Starmix]

I like the capital budget and the master budget. They are essential once you run a business. Having a capital budget for the next target business to operate is a must. The master budget is the overall budget to be aligned with the ongoing business.

 

[Suba]

There you are Mr. CPA and MBA, so perfectly elaborated. What can you say about a static budget? What does it mean? does it mean no use,lol.

Static budget is made before business activity starts like we make static budget for next year. Static budget is not adjusted to the economic condition that occurs, but after evaluation is given favorable/unfavorable explanation. We can compile static budget from past financial data which is usually preceded by forecast, such as sales forecast used as reference to compile static sales budget.