Zero-based budgeting is a way to wipe the slate clean. Frequently used in tandem with a strategic plan, zero budgets help businesses align their goals to their expenses, removing any expenses that don’t fit in their plan.
Learn more about zero-based budgeting, its advantages, and disadvantages, and see if this approach may be right for your business…
Before I got into accounting, I regularly made fun of my wife’s budgeting habits. Every month, she’d write down all her expenses from the month before in a little diary and calculate how much she’d spent on various credit cards and for utilities. Depending on how the month went, she’d allocate money for...
A master budget is a series of smaller budgets that are rolled up into one larger budget to provide a more comprehensive view of your business.
Combining an operating budget with a financial budget, a master budget is typically prepared for the upcoming year, and it can also be a...