Within these five categories, managers can expect to forecast expenditures for a year or other predetermined length of time, using business budgets to track expenses and ensure the department or company can cover its costs. ![]() Holding money back for unexpected expenses, especially when you have a surplus and don’t work with a lose-it-or-use it business, can help you stay prepared for future events. Savings: Just because your department has some extra money to burn doesn’t mean you should allocate it.They include any expenditures related to staffing such as wages, employment taxes and health plans. Employee expenses: These expenses typically comprise a large part of company, department and project management budgets.Other forms include patents on new products and the development of new technology such as phone apps. Capital expenses can take many forms, such as a new building or upgrades to an existing facility. Capital expenses: These are capital investments in the department or business.Some of these expenses are fixed, like insurance and licensing fees, while others are variable, such as marketing or research and development costs. ![]()
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