Budgeting - Forecasting Profit And Cashflow For A Future Period
Source: ABC Article Directory
Perhaps one of the most important tools for small business success is the financial budget. This is a forecast of the expected income and expenditure that will be generated by the operations of the business for a period into the future. The time period extends from several months to a year or more ahead of the present time. The financial budget also encompasses the cash flow forecast for the same time period.