Bookkeeping

What is Budgetary Control?

What is Budgetary Control?

Further, the results of the business are closely monitored by a budget committee, which provides feedback to managers whenever actual results threaten to fall below expectations. Budgetary control is a system which uses budgets as means of planning a...
How Variance Analysis Can Improve Financial Results
Understanding Budget Period

Understanding Budget Period

Once you have written down all of your expenses, it is time to add up your lists and complete your annual budget. Now is the time to make any alterations to finalize your budget. If your expenses are higher than your income, it will be necessary to a...
Budget vs Target

Budget vs Target

Try not to allow your total expenses to exceed your total income. Occasionally exceeding your new income only means that your savings will dwindle. While you can do so from time to time if needed, you should not make a monthly habit of it. Your total...
How Many Sales Do You Need To Break Even?