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In making a budget for your business.. What is the first budget type you should go through and what next??

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Question ajoutée par Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group
Date de publication: 2014/08/31
Ahmed Abd Alwahab Awad Ibrahim
par Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

The first budget have to start with is

 

Budget of Sales

Amr Askar
par Amr Askar , Contracts Director , HASSAN ALLAM CONSTRUCTION, Egypt

the Budget making processes can be as follow:

 

1) Rough order of Magnitude; which created during the intiation phase (-25% to +75% from actual).

 

2) Budget Estimate; which created during the planning phase (-10% to +25% from actual).

 

3) Definitive Estimate; which updated during the execuation / progress phase (-+10% )

Hujat Ullah Khan
par Hujat Ullah Khan , Group Financial Controller , SAED Alraeda Group

In budget making process1st budget you have to prepare is sales budget. It is the foundation of budget and then you have to prepare purchase budget, overhead budget, fixed asset budget etc..

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