Table of Contents

Preface
1. Budgeting: Why and How
Why Make a Budget? Who Reads Budgets?
Eight Steps to Creating a Budget
Success Review
Manager’s Checklist for Chapter 1
2. The Parts of a Budget
Time Periods of Your Budget
Budget and Vision
Forecasting Income
Expense Categories vs. Account Codes
Key Accounting Concepts
Manager’s Checklist for Chapter 2
3. Gathering Production Figures
Gathering Past Figures
Working with Multiple Periods
Working with Account Categories and Line Item Names
Evaluating the Quality of Your Information
Working with Multiple Periods and Trends
Manager’s Checklist for Chapter 3
4. Creating a Production Budget
Estimation Methods
Planning the Future in Detail
A Sample Manufacturing Budget
Manager’s Checklist for Chapter 4
5. Planning and Budgeting a Project
Define the Project
Create the Work Plan
Calculate the Cost
Tracking a Project
Manager’s Checklist for Chapter 5
6. Checking It Twice
Using a Partner for Proofreading
Errors Created by Spreadsheet Programs
Automatic Cross-Checking in Spreadsheets
Document Version Control
Verifying Budgetary Assumptions
The Final Proofreading Steps
Manager’s Checklist for Chapter 6
7. Preparing for Presentation
Combining Parts of Your Budget
Revising Budgetary Assumptions
Creating Templates and Formatting a Budget
Adding Account Codes
Preparing a Budget Presentation
Presentation Formats
Manager’s Checklist for Chapter 7
8. Budgetary Spending
Getting the Budget Authorized
Adjusting to the Authorized Amount
Setting up Your Budget with Accounting
Spending at the Beginning and the End of the Year
Manager’s Checklist for Chapter 8
9. Tracking Your Budget
Authorizing and Tracking Expenses
Closing a Budget Period
Comparing Estimated Versus Actual Budgets
Overspending and Underspending
Adjusting the Budget
Reviewing Financial Statements
Manager’s Checklist for Chapter 9
10. Budgeting and Human Resources
HR Management and HR Services
Use of Consulting Services and Outsourcing
Departmental Control
Putting It All Together
Manager’s Checklist for Chapter 10
11. Small Business Money Management
Estimating Business Income
Small Business Payroll
General Financial Management
Seasonal Fluctuation and Available Cash
Setting Prices
Budgets for Customer Proposals
Manager’s Checklist for Chapter 11
12. Mastering the Budget Process
Negotiating for Your Budget
Improving Your Estimation Skills
Timing Your Budget Preparation
The 15-Month Budget
Manager’s Checklist for Chapter 12
Index