Chapter 3: Preparing a Budget

In This Chapter

check.png Reviewing common budgeting tactics

check.png Following the practical approach to budgeting

check.png Using the Set Up Budgets window

check.png Managing with the budget

Budgets provide business owners and managers powerful tools for better managing a firm’s operation. A budget can give the business owner or manager a way to more easily and more quantifiably manage the people working for the business. A budget can often identify problems or opportunities early. Finally, a budget truly gives the owner or manager a way to plan out the year’s operation, think about what’s most important, and quantify what the firm should achieve over the year.

For these reasons, this chapter discusses some practical, common-sense approaches to budgeting within QuickBooks. I think you’ll be surprised at how straightforward this process is.

Reviewing Common Budgeting Tactics

Before I get into a detailed discussion of how you create a budget and use that budget within QuickBooks, I want to briefly identify and describe three very useful and common budgeting tactics: top-line budgeting, zero-based ...

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