B2FINANCE by Tracy Houghton https://padlet.com/thoughton/B2BUDGETS3 BUDGETS3 en-us 2018-01-29 08:40:35 UTC 2024-11-21 13:15:09 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Clouds.png Casey O'Connor https://padlet.com/thoughton/B2BUDGETS3/wish/225540892 2018-01-29 10:02:00 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225540892 Reduce Your Stress https://padlet.com/thoughton/B2BUDGETS3/wish/225544530 Achieving Your Dreams
Wealth Building
Get Out of Debt
You will make decisions much faster
Control Your Spending]]> 2018-01-29 10:13:17 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225544530 It is also an important tool for decision making, monitoring business performance and forecasting income and expenditure. With proper budgeting, limited resources are managed efficiently 160139385 https://padlet.com/thoughton/B2BUDGETS3/wish/225544716 2018-01-29 10:13:54 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225544716 Megan Robinson Stokes https://padlet.com/thoughton/B2BUDGETS3/wish/225544960 To limit the amount of money spent on certain items so that they don’t waste money and so that they can afford other expenses such as overheads. Can forecast income and expenditure so that they know how much they can spend and if they will have any profit. They can also make decisions based off the amount of money they have to spend and they can plan for the right time to plan out how and when to carry out the decisions.  


]]> 2018-01-29 10:14:53 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225544960 Oliwia https://padlet.com/thoughton/B2BUDGETS3/wish/225545381 The purposes of budgeting are for resource allocation, planning, coordination, control and motivation.


]]> 2018-01-29 10:16:38 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225545381 Paulina https://padlet.com/thoughton/B2BUDGETS3/wish/225546839 2018-01-29 10:21:47 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225546839 The purpose of a budget is to plan the financials of the business in future months https://padlet.com/thoughton/B2BUDGETS3/wish/225546887 -Keavyt Staveley]]> 2018-01-29 10:21:57 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225546887 SPECIFIC BUDGETS thoughton https://padlet.com/thoughton/B2BUDGETS3/wish/225547035 Operating budgets for sales, revenue, production (direct costs of producing product), overheads (other expenses),  cash flow forecast (money flowing in/out business), breakeven (one product: sell enough to cover expenses fixed/variable), budget analysis: control budget/actual spent by checking monthly).]]> 2018-01-29 10:22:30 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225547035 purposes of specific budgets https://padlet.com/thoughton/B2BUDGETS3/wish/225547040 2018-01-29 10:22:31 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225547040 how do you answer the last two question? samuel_crossland https://padlet.com/thoughton/B2BUDGETS3/wish/225570474 2018-01-29 11:53:10 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225570474 https://padlet.com/thoughton/B2BUDGETS3/wish/225570553 Paulina]]> 2018-01-29 11:53:38 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225570553 https://padlet.com/thoughton/B2BUDGETS3/wish/225570561 2018-01-29 11:53:40 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225570561 Marshall and Clothing task https://padlet.com/thoughton/B2BUDGETS3/wish/225570720
Casey O'Connor]]> 2018-01-29 11:54:22 UTC https://padlet.com/thoughton/B2BUDGETS3/wish/225570720 Oliwia https://padlet.com/thoughton/B2BUDGETS3/wish/225570764 Competition Task

Porters Retail Plc (Large UK Based Company)

Marshall Clothing (Small Sole Trader Company)

What types of budgets are used by each company?


  • Porters Retail PLC
  • Sales budgets
  • Production budgets
  • Overheads budgets
  • Cash budgets
  • Capital expenditure
  • Marshall Clothing
  • Sales budgets
  • Production budgets
  • Overheads budgets
  • Cash budgets
  • Capital expenditure


Why are these budgets used by each company?


Large company such as Porters Retail PLC use summary budgets and have many types of other budgets (shops, buildings and departments). The propose of budgeting are for coordination company.


Small company such as Marshall Clothing use operating budgets and have just one budget department (owner or manager). The propose of budgeting are for resource allocation.


Compare how budgetary control is used in each of these businesses? What do they use similar and what do they do different?

Porters Retail PLC is large company so have money types of budget but Marshall Clothing have just one and is owner or manager because is a small company. They have sales budgets and production. They control by using cash flow forecast so they not overspend and see what money coming in and out of the business.
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