The remaining amount is what you have left to cover your operational expenses during the budgeting period. Then subtract current liabilities like accounts payable and short-term debt. Add up your current assets like cash, accounts receivable, and inventory. Identify your working capital for the budgeting period.
Here's how to create a small business budget in four steps:
But that's no excuse to start throwing cash at your business willy-nilly.īudgeting forces you to prioritize your objectives, so you spend money on the things that matter most. It's cliched but true: you gotta spend money to make money. How to design your small business budget plan
