Page 215 - Budgeting for Managers

Index
198
of income, 141
Detail in budgets, 114–115
presenting in budgets, 116
Direct labor costs, 67–68
Direct materials, 63, 65–67
of project costs, 88-89
Discounts, 106, 108, 181
Discrepancies, analyzing, 22
Examining budget lines, 9
Document control, 97–100 Exact figures, 115–116
Excel, 95
Double-entry bookkeeping, Expense accounts, 36
34–36
Expense categories, 32–34, 50
E Expense forecasts, 56–58
Earnings before taxes, 151 Expenses and salary authority,
Embezzlement, preventing, 143 131
Employees Expenses-only authority, 130–131
consultants versus, 153 Expertise, as bottleneck, 172
departmental control, 156–164 Explanations for budgetary
time required to manage, 170 assumptions, 100
End-of-year spending issues, Extending payment terms, 177
129, 133–134
Entries, 35 F
Equipment budgeting example, Fairness with salaries, 160
10–11 15-month budgets, 189–190
Equity, 148 Filenames, document control in,
Errors 99
budgeting’s ability to catch, 1 Final proofreading, 101
checking as regular budgeting Financial department, 4, 17
stage, 16 Financial focus, for presentations,
checking budgetary assump- 112, 115
tions for, 100–101 Financial management for small
checking work plans for, 88 businesses, 175–178
common to spreadsheets, Financial statements, 147–150
93–96 First-in, first-out inventory man-
learning from, 187–188 agement, 64
in past figures, 44 Fixed annual costs, 26–27
in payroll, 173–174
preventing with double-entry Fixed base/variable volume
bookkeeping, 34–36 costs, 26, 29
Fixed costs, 26
proofreading for, 16, 88, 92,
101 Fixed overhead, 68–69
version control for, 97–100 Flexible pricing, 179
Estimates. See also Income fore- Flex time, 161
casts; Predictions Follow-up work, 143–144
improving skills in making, Forecasting. See Income fore-
186–188 casts; Predictions