URGENT - ALL HEADS OF DEPARTMENTS READ THIS

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URGENT - ALL HEADS OF DEPARTMENTS READ THIS

Post by Tom on Thu Jul 16, 2009 1:27 pm

This is an urgent announcement from the Finance department regarding the preparation of the business plan.

One of the most important parts of the business plan and the future of the company is to outline a detailed budget.

To prepare a reliable budget, we must collect ALL possible expenses that a department may need to incur (spend) in the future.

For example, marketing may want to print posters in several weeks, and this must be budgeted for. Even if the expense isn't taken up (used), the budget will remain consistent and reliable.

When it comes to finance, its okay to expect and account for the worst and then make more money than was budgeted for, but it is bad the other way round, as we will end up with no money! Having said this, DO NOT hesitate to include an expense even if there's only a small chance that it might be realised and spent money on.

When it comes to the dollar value on the figures, a rough guess is perfectly OK, seeing as a budget is essentially one big speculation.

PLEASE help finance out here, as it is an essential part of the business plan and for the purposes of the finance department.

Thanks guys,

Tom

Tom

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