Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
|
Fourth Quarter Actual Billings
|
First Quarter Anticipated Billings
|
|
|||
|
Oct.
|
Nov.
|
Dec.
|
Jan.
|
Feb.
|
Mar.
|
|
$316,000
|
$253,000
|
$235,000
|
$266,000
|
$288,000
|
$315,000
|
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
