April 18, 2019
November 6, 2020
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6 mins read
9 Parts of an Operating Budget for SMEs
In practice, business needs financial planning as a reference for running business operations during a specified period. In the master budget, there are three main components: income and expenses, overhead and product costs, monthly, annual average and projection totals. In this particular topic, we'll be looking at closely at the income and expenses component for our business operating budget.