![]() Given that a budget is a plan to earn and spend money throughout the year, the various people who make purchases and incur expenses should be involved in providing information to build the expense side of the budget. While it’s true that the look of the budget should vary according to the structure and function of the individual organizations, there are some best practices that all organizations should use when building their annual operating budgets. Unlike financial statements, which have some rules and guidelines according to accounting standards, the same level of industry-imposed standardization for budget documents and formats doesn’t really exist. There are as many forms of nonprofit budgets as there are forms of organizations. Categories: Finance| Sample Policies & Templates Topic Tags: Financial Management ![]()
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