Creating a Budget
What is a budget?
Budgeting Skills
Negotiation and active listening. Planning and forecasting. Mathmatical skills
Problem solving.
A budget is a statement that depicts expected expenditure and income. This will be under an established set of headings and subheadings, over a set period of time. Budgeting is a key tool for planning and controlling expenditure, allocating funds, enabling progress vs targets to be understood, and will support your practice in achieving its strategic aims and objectives.
The purpose of budgets
There are two key purposes to creating and utilising budgets for your practice which are:
To demonstrate the financial implications of your practice’s proposed strategy and plans. To be used by to enable financial and cost control in the practice.
Future Practice Owner.
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