![]() ![]() When reviewing the budget compared with actuals, if you see that this expected amount was not received, you can look into it straight away and hopefully get it resolved and paid in the next month rather than waiting to analyse the variance at the end of the year.īudgeting monthly can also be more helpful if your organisation has busy and slow months/seasons. For example, if you receive a certain payment every year in March, you could have this as an income line item in the budget for March. ![]() Monthly budgets are good to pick up on expected or planned income/expense variations that might get missed if you’re only looking at the annual figure. I always say “If it ain’t broke, don’t fix it.” However, in these unusual times, if your cash flow has changed, then perhaps your board needs to collectively make a decision on whether they would like more frequent reports. ![]()
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