How to Prepare an Annual Budget for a Company
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- Опубликовано: 29 сен 2024
- HOW TO PREPARE AN ANNUAL BUDGET FOR A COMPANY // If you’ve ever wondered where to start when it comes to creating an annual budget, this next 4 weeks of videos are perfect for you!
I will be walking you through annual budget planning which includes budgeting and forecasting for your business! Small business budgeting isn’t too difficult but most businesses don’t do them. They’re a great way for you to see where you need to invest or pull back on spending as well as show you trends you may not have picked up on.
I’ve created an annual budget in Excel and next week you’ll be able to download my small business budget template in Excel to complete your own small business budget plan.
If you don’t yet have a business budget and you’d like to get a handle on annual budget preparation then stick around and don’t forget to download the weekly financial health check below!
#smallbusiness #businessplan #budgeting #accountant #accounting #accounting101
⭐️ Be sure to grab your budget template 👉🏻 www.rightsourc... ⭐️
Connect with me on LinkedIn / justin-hogg-right-source or visit www.rightsourc...
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You can grab the free download at www.rightsource.com.au/downloads/
This video helps me a lot !! Thank you for the effort :)
In this video, you first outline WHY you should make a budget (00:49). Then you explain HOW you reach your goals via a budget (01:29). Then you compare the DIFFERENCES between a budget and a business plan (03:28). Then you explain WHAT TIME PERIOD should you make your budget (05:10). Then you PRESENT a complete budget, and show how you HOW YOU USE a budget to compare the variance of a budget to actuals (06:49).
AT NO POINT in this entire video did you actually explain "how to prepare an annual budget for a company" like the title suggests.
How do you actually prepare a budget?!? Where do you get p&l line item estimates from? Is each line item budget an average of the x-number of last year line items? Is it a guesstimate? What if you've never had that expense item before? Do you work back from your net profit(?)/turnover(?) goals for next year and factor each expense item accordingly? All of these questions you could have answered that relate to the topic in question to actually help someone "prepare an annual budget for their company", instead you go on wasting 12 minutes of my time on answers for questions I or anyone else clicking on this video for the title has. RUclips is so frustrating these days.
Why did I spend my time writing this detailed comment? Well after sitting here for 12 minutes waiting for you to get on topic, I realised my time has been wasted, and so at least I could highlight this to the content creator and any other poor souls that venture here under a false pretense... I wish this comment was pinned at the top of this video, it wasn't, so hopefully others don't waste their time also on it. Empty platitudes in the comments saying "great video 🔥" are completely false feedback. You have wasted my time and answered no question of mine and others who watch this video for its titled relevance in any capacity. Yikes
Thanks for the comments. Sounds like you might be after something more like this video giving an example of putting one together.
ruclips.net/video/VfiYWxeWgBY/видео.html
Love it... "a budget is a business plan but in numbers". Great work!
Thanks Russell!
This is a powerful perspective - A lot of noise about strategy and plans but no funding allocated to execution means it remains just noise.
Very informative and straight to the point. Pretty straight forward. Thank you.
Thank you! I now understand the value of budgeting.
This is the last week to download the WEEKLY FINANCIAL HEALTH CHECKLIST! Let me know below if you have questions around the budgeting system? I would love to answer them for you 🙏🏻
Nice
Thank you! Glad you enjoyed
Thanks you are communicating the budget very well and easy to understand.
The information was laid out nicely. Thanks for the video..
Can give detail run down of budgeting process from start to end
Thank you very much....Nice video....I want to learn more about setting up the budget for a company....could you please guide me? currently I am setting up the budget based expected revenue and expected expenses.....is it right way?
It should give you something to aim for and measure against.
Hi,
I am an operation manager in a company need your help to create a budget i mean proposed budget being an operation manager to let them know what will be we are planning to spend on
Happy to help where I can.
very interesting video thank you
Great video 👍🏼. Looking for more video
You helped me alot thank you
This video was really helpful. Thank you ☺️
You mention that not all companies need a budget but successful.
I don't understand why accounting staff need to do a budget.
Is Doing budget meaningless?
Is Doing budget wasting time ?
Budgets are tool and only useful if used. Though the accounting staff prepare them to a large degree, they are only useful if the operating staff understand and use them. If they aren't used they don't add any value. If they are used, they add value.
thanks!
Fantastic , Very very information Sir , Appreciated .
Excited for what's to come!!
As am I :)
Nice and humble information
Thanks you
so much love it ... brilliant
Woaahh... well explained. Very much helpful 👍
Great video. Thanks!
Can I get the excel file for my university purpose sir?
Sure. Just click the link bit.ly/2McqWNC , put your email address in and a note in the description.
@@RightSource Sir i didn't get the same excel file please sir help me.
@@RightSource Sir please provide me the excel file link I need it for 40 marks for University purpose!
@@hammerdrive7852 you can download it at www.rightsource.com.au/downloads/
Thank you for the great video.Your perspective about budgeting and interpretation about variances is eye opening and insightful!