What thoughts should be kept in mind while making a budgeting of any organization?

• Laying out your figures in a useful format
• Comparing total expenses to your total income
• Knowing what to do to control your budget.

the thought that must kept in mind when budgeting is that the budget is palnning , controling ,motivational and performance evaluation tool but not a constaint 

forcast the impact of  changing market dynamics especially in a volatile market place.