![]() At its most basic level, it is a document that shows how much money you have coming in and what you need to spend money on. A business budget can take multiple forms. ![]() In fact, you’ll probably need one as part of your business plan. Monthly or Weekly Tracking: View total costs and expenditures by week, month, or year.Creating a budget for your business may seem like a daunting task, but it’s a vital step in your business’s development.Authorized By: Enter the name of the authorizing employee for any expenses incurred.Purpose of Expense: Beyond categorizing expenses, it can also be helpful to track the purpose of each expenditure.Expense Category: Organize your costs into typical categories, such as rent, taxes, utilities, legal, marketing, payroll, and inventory.Description: Add descriptions of costs and expenses for more detailed accounting.Date: Enter the date of the expenditure.Manager: Enter the name of the manager responsible for the employee incurring expenses.Enter department details to assign expenses correctly. Department: Many businesses have separate budgets for each department. ![]()
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