What are steps for budgeting process?

Step 1: Determining the Flow of Information

Step 2: Deciding What You’re Going to Measure

Step 3: Gathering Historic Data

Step 4: Making Projections

this enough to creat a budget

Essential steps of budgeting process are

1)Determinig the flow of information

2)Deciding what you are going to measure

3)Gathering Historic Data (Specially for sales and Expense information)

4)Making projection on behalf of collected Data

5)Determining Break even point

You can read the tips for small company owner on how to do annual budget planning in this article - CxO First Timid Steps in Annual Budget Planning