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Importance of revenue budgeting to a business organisation.
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[QUOTE="TOZZIBLINKZ, post: 268863, member: 37528"] The financial activity of budgeting is not only applied to individuals so as to be able to sufficiently and adequately make the use of the income in relation to what they need and want, business organisations play a very important part in the use of budgeting in order to sufficiently and adequately maximize their revenue and their financial funds in order to boost business productivity and take the business activity to the next level . A business owner should not be irrelevantly and excessively spend his or her business revenue possibly on things never positively reward into the business organisation, he must also endeavour that every activity performed with the business revenue should be on things that the business would benefit and not only on things that he himself benefits . Every business owner knows how precious his or her business revenue is to him or her that is why he or she must endeavour to allocate them properly to various sector and areas of the business organisation . The business organisation must have a budgeting expert who was able to know what the business needs and know which item or products need to be replaced possibly for the purpose of reselling to customers and client to make profits and income. Budgeting activities in a business organisation must be done accordingly to what the business have at it available revenue and not beyond in other not to make a budget deficit . [/QUOTE]
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Importance of revenue budgeting to a business organisation.
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