Category Archives: Budget

You’ve Planned and Implemented Your Budget But the Teams are Not Hitting the Targets: What Next?

Have-Your-Say

Yesterday we spoke about “Organizations that just set a budget and do not hit the budget; do so at their own peril”. But what if you painstakingly planned the total Budget for next year, you had everyone participate and agree to the targets and this year the targets are not being met. What do you do? I am sure many

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Organizations that just set a budget and do not hit the budget; do so at their own peril.

Budget implications

A budget is a quantitative expression of a goal. One of the greatest tools accountants have to help management achieve their goals is a budget. The Sales Department must achieve the targets that they have committed themselves to. If revenue falls short of expectations and expenses are not reduced accordingly, then losses may occur. Alternatively, if expenses exceed budget targets,

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