Gnucash 2.4 Small business accounting by Ashok Ramachandran

Author:Ashok Ramachandran [Ramachandran, Ashok]
Language: eng
Format: azw3
Publisher: Packt Publishing
Published: 2011-02-08T16:00:00+00:00

Note

Sometimes budgets are referred to as projections. For example, banks, investors, and lenders will ask for a business plan with profit and loss, balance sheet, and cash flow projections. Other times, these are called forecasts, especially when referring to sales forecasts. Regardless of whether we call them budgets, projections or forecasts, we are referring to the future. Unlike the rest of bookkeeping, which is concerned with the past, budgeting is one area, which tries to look in the crystal ball, and attempts to see what the future might look like, or what you are committing to make it look like.

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