Different Components of a Master Budget Business Finance and Accounting Blog
Also note, that we would be setting up the budgets in an Excel workbook with a sheet for each budget. So, the sales budget is the starting point, as we discussed in the previous section. We also discussed some of the other components of the master budget that can happen once we have solid sales numbers to work from. A flexible budget, on the other hand, separates fixed and variable costs and can adjust based…