A sales budget is the primary budget, the most basic component of any operating budget, and the cornerstone of the budgeting process, and if it is prepared accurately, the rest of the budgets will be a high degree of accuracy

The company's inventory carrying costs vary from company to company of each type of inventory and is based on the nature of the raw material if the inventory is raw materials or a finished product ……

The direct material purchases budget of the important budgets because it determines the value of the raw materials to be purchased to cover the production quantity required and also covers the amount of inventory ……

Large companies and factories have agents or distributors who sell the goods in return for receiving a commission from the company when selling, and also the company incurs other expenses …

The essential idea when evaluating credit policy is to differentiate between the excess return as a result of increased credit and the incremental cost that result of increasing credit, the excess return is incremental sales* gross profit percentage…

The manufacturing overhead budget consists of indirect materials are materials used in the manufacturing processes and which cannot be linked to a specific product or job; and indirect materials such as fuel, oil, spare parts, and maintenance materials ……

Administrative expenses that incurred by the company to perform a set of administrative functions; examples of which are functions of the finance department, legal department, human resource department, and security guard…………

Cash is that is cash on hand or cash in the bank or financial investments that are readily convertible into cash very quickly and without losses, the cash budget is one of the most important budgets indispensable to any finance department and that is prepared for short-term periods and long-term periods…

Cash receipts and payments are those that only include within the cash planning, and therefore some sales made in the months of the budget but will be collected after the budget period and therefore are excluded when preparing the budget planning ... 

Reserves are a line item of shareholders’ equity (owner's equity) line items in the statement of financial position (balance sheet) and also within the line items of the statement of changes in equity, the concept of the reserve is the amount of net profit that has been allotted ……….

Reviewing the cash and credit sales documents cycle and ensure that it matches the company's policy,Tracking the cash sales and cash sales at Branch …

In the beginning, any project needs funding to purchase the equipment and machinery, build a factory, purchase the raw materials, cover the operating expenses, etc. in the present day, there are many sources of finance....

Accounts payable reconciliation is one of the most important functions that must be performed by the accounts payable accountant during each fiscal period, and this is to auditing and ensuring that the accounts payable (AP) balance that appears on the balance sheet ……

What is balance sheet (budget)

Budgeting means planning for the future in order for the company to reach the goals it wants to achieve

There must be a general acceptance among the participants in the budget and the support of senior management is important and essential for the success of budgets because it imposes on all departments the need to adhere to the plans imposed on them

When the company prepares the production budget for its fiscal period, each finished product must have what is called (BOM) or a bill of materials, any finished product is ………….

Factoring companies are companies that buy debts from their owners and collect them in exchange for a percentage. In other words, companies need cash to meet their operational needs ………….

In this article we will show the methods of preparing budgets for companies and projects . The budget consists of costs and revenues that are related to a particular project and are easy to follow their results independently through the company budget  . The project budget must match the  general  company budget    and of course the project uses all available resources in the departments such as marketing , financial accounting, production and human resources .

Provision for doubtful debts or depreciation of customers, which will be included in most financial statements