Tracking Your Budget

Please sign in to view the rest of this entry.

Tracking Your Budget
10102021010204 Tracking Your Budget
He who has traveled ninety miles of a hundred-mile journey is best off thinking that he has gone only half the way. —Chinese proverb
Creating our departmental budget and getting it approved is good work and good management, but it’s really only the beginning. A budget is just a plan for how we’ll spend money. During the year, we have to make sure that we’re spending the money according to the plan. We also have to change the plan if we need to. We adjust the budget and request a change in allocated funds if plans change and we spend or need more or less than…
Sid Kemp; Eric Dunbar: Budgeting for Managers. Tracking Your Budget, Chapter (McGraw-Hill Professional, 2003), AccessEngineering Export