![]() A cash budget can protect a company from being unprepared for seasonal fluctuations in cash flow or prepare a company to take advantage of unexpected quantity discounts from suppliers. While some small businesses may be able to survive for a time without budgeting, savvy business owners will realize its importance. The preparation of a cash budget is an important management task. It is a plan for owners and managers to achieve their goals for the company during a specific time period. WHAT YOU SHOULD KNOW BEFORE GETTING STARTED Īt its most basic level, a budget is a plan. Without this information, this Business Builder may not be as helpful as it could be. Information from these financial statements are an integral part of creating a budget. ![]() This Business Builder assumes that an income statement and a balance sheet have been prepared for your business. It will also show you how to evaluate your budget on a month-to-month basis. This Business Builder will introduce you to the fundamental concepts of cash budgets and outline the steps necessary for preparing a cash budget for your business. Learn the fundamental concepts of cash budgets and to evaluate your budget on a month-to-month basis. Washington State Department of Commerceĭigital Library > Acquiring and Managing Finances > Budgeting"How to Prepare a Cash Budget"Īt its most basic level, a budget is a plan for owners and managers to achieve their goals for the company during a specific time period. ![]()
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