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==Origin==
[http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] bowgette, from Middle French bougette, diminutive of bouge leather bag, from [[Latin]] bulga, of Celtic origin; akin to Middle Irish bolg bag; akin to [http://nordan.daynal.org/wiki/index.php?title=English#ca._600-1100.09THE_OLD_ENGLISH.2C_OR_ANGLO-SAXON_PERIOD Old English] belg bag
*[http://en.wikipedia.org/wiki/15th_century 15th Century]
==Definitions==
*1chiefly dialect : a usually leather pouch, wallet, or pack; also : its contents
*2: stock, supply
*3: a [[quantity]] (as of [[energy]] or [[water]]) involved in, available for, or assignable to a particular situation; also : an account of gains and losses of such a quantity <the global carbon budget>
*4a : a [[statement]] of the [[financial]] position of an [[administration]] for a definite period of time based on estimates of expenditures during the period and [[proposal]]s for financing them
:b : a [[plan]] for the [[coordination]] of [[resources]] and expenditures
:c : the amount of [[money]] that is available for, required for, or assigned to a particular [[purpose]]
==Description==
A '''budget''' (from old French bougette, purse) is a list of all [[planned]] expenses and revenues. It is a plan for saving and spending. A budget is an important [[concept]] in [http://en.wikipedia.org/wiki/Microeconomics microeconomics], which uses a budget line to [[illustrate]] the trade-offs between two or more goods. In other terms, a budget is an [[organization]]al [[plan]] stated in monetary terms.
In summary, the [[purpose]] of budgeting is to:
*Provide a [[forecast]] of revenues and expenditures i.e. construct a model of how our [[business]] might perform financially speaking if certain [[strategies]], [[events]] and plans are carried out.
*Enable the actual financial operation of the [[business]] to be [[measured]] against the [[forecast]].
==Budget types==
''Sales budget'': The sales budget is an estimate of [[future]] sales, often broken down into both [[units]] and dollars. It is used to create company sales goals.
''Production budget'': Product oriented companies create a production budget which estimates the number of [[units]] that must be manufactured to meet the sales goals. The [[production]] budget also estimates the various costs involved with manufacturing those units, including [[labor]] and [[material]].
''Cash Flow/Cash budget'': The cash flow budget is a [[prediction]] of [[future]] cash receipts and expenditures for a particular time period. It usually covers a period in the short term future. The cash flow budget helps the business determine when income will be sufficient to cover expenses and when the company will need to seek outside financing.
''Marketing budget'': The marketing budget is an estimate of the funds needed for promotion, advertising, and public relations in order to market the product or service.
''Project budget'': The project budget is a [[prediction]] of the costs [[associated]] with a particular company project. These costs include labor, [[materials]], and other related expenses. The project budget is often broken down into specific tasks, with task budgets assigned to each.
''
Revenue budget'': The Revenue Budget consists of revenue receipts of [[government]] and the expenditure met from these revenues. Tax revenues are made up of [[taxes]] and other duties that the government levies.
''Expenditure budget'': A budget type which include of spending [[data]] items.[http://en.wikipedia.org/wiki/Budget]
[[Category: Economics]]
==Origin==
[http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] bowgette, from Middle French bougette, diminutive of bouge leather bag, from [[Latin]] bulga, of Celtic origin; akin to Middle Irish bolg bag; akin to [http://nordan.daynal.org/wiki/index.php?title=English#ca._600-1100.09THE_OLD_ENGLISH.2C_OR_ANGLO-SAXON_PERIOD Old English] belg bag
*[http://en.wikipedia.org/wiki/15th_century 15th Century]
==Definitions==
*1chiefly dialect : a usually leather pouch, wallet, or pack; also : its contents
*2: stock, supply
*3: a [[quantity]] (as of [[energy]] or [[water]]) involved in, available for, or assignable to a particular situation; also : an account of gains and losses of such a quantity <the global carbon budget>
*4a : a [[statement]] of the [[financial]] position of an [[administration]] for a definite period of time based on estimates of expenditures during the period and [[proposal]]s for financing them
:b : a [[plan]] for the [[coordination]] of [[resources]] and expenditures
:c : the amount of [[money]] that is available for, required for, or assigned to a particular [[purpose]]
==Description==
A '''budget''' (from old French bougette, purse) is a list of all [[planned]] expenses and revenues. It is a plan for saving and spending. A budget is an important [[concept]] in [http://en.wikipedia.org/wiki/Microeconomics microeconomics], which uses a budget line to [[illustrate]] the trade-offs between two or more goods. In other terms, a budget is an [[organization]]al [[plan]] stated in monetary terms.
In summary, the [[purpose]] of budgeting is to:
*Provide a [[forecast]] of revenues and expenditures i.e. construct a model of how our [[business]] might perform financially speaking if certain [[strategies]], [[events]] and plans are carried out.
*Enable the actual financial operation of the [[business]] to be [[measured]] against the [[forecast]].
==Budget types==
''Sales budget'': The sales budget is an estimate of [[future]] sales, often broken down into both [[units]] and dollars. It is used to create company sales goals.
''Production budget'': Product oriented companies create a production budget which estimates the number of [[units]] that must be manufactured to meet the sales goals. The [[production]] budget also estimates the various costs involved with manufacturing those units, including [[labor]] and [[material]].
''Cash Flow/Cash budget'': The cash flow budget is a [[prediction]] of [[future]] cash receipts and expenditures for a particular time period. It usually covers a period in the short term future. The cash flow budget helps the business determine when income will be sufficient to cover expenses and when the company will need to seek outside financing.
''Marketing budget'': The marketing budget is an estimate of the funds needed for promotion, advertising, and public relations in order to market the product or service.
''Project budget'': The project budget is a [[prediction]] of the costs [[associated]] with a particular company project. These costs include labor, [[materials]], and other related expenses. The project budget is often broken down into specific tasks, with task budgets assigned to each.
''
Revenue budget'': The Revenue Budget consists of revenue receipts of [[government]] and the expenditure met from these revenues. Tax revenues are made up of [[taxes]] and other duties that the government levies.
''Expenditure budget'': A budget type which include of spending [[data]] items.[http://en.wikipedia.org/wiki/Budget]
[[Category: Economics]]