This page breaks down the step-by-step process and nitty-gritty of budgeting. This gives you practical tools and techniques to create, track, and adjust budgets effectively. Whether you're managing personal finances or business expenses, this section provides the structure and strategies to keep your numbers in check.
While a budget is a tool to plan how much money you will spend and make, a cashflow helps you manage when you have money coming in and out. It can help you predict if or when you may run out of money so you can plan to negotiate delayed payment terms to vendors (the people you pay), or ask for a loan from the bank or generous family member or friend.
How much do things cost? What do you do about the costs you don’t have numbers for? How do you find out what is industry standard? Here is a good place to start!
Where does revenue come from? There are three main revenue streams:
Earned Revenue (box office, presenting fees)
Private Sector Revenue (donations, fundraiser, corporate - information below)
Government Revenue (federal, provincial, municipal)