How Can I Make Myself Stick to a Budget?

Budget management refers to a general term for a series of organization, adjustment, control, and supervision activities to ensure the standardized operation of the state budget funds. An important part of financial management. The implementation of budget management must be guided by the policies of the party and the state, and focus on promoting the balanced development of the national economy, and always adhere to the following principles: Organize the planning and management principles of budget activities according to approved national budgets; correctly divide the scope of budget level management The principle of unified leadership and hierarchical management with authority; the principle of combining multiple management methods; the principle of combining professional management with the masses. Budget management permeates the entire process of budget work. Its tasks and requirements are: During the budget preparation stage, the state budget funds should be reasonably planned to achieve internal and external correspondence. ^[1]

Budget management

Budget management refers to a general term for a series of organization, adjustment, control, and supervision activities to ensure the standardized operation of the state budget funds. An important part of financial management. The implementation of budget management must be guided by the policies of the party and the state, and focus on promoting the balanced development of the national economy, and always adhere to the following principles: Organize the planning and management principles of budget activities according to approved national budgets; correctly divide the scope of budget level management The principle of unified leadership and hierarchical management with authority; the principle of combining multiple management methods; the principle of combining professional management with the masses. Budget management permeates the entire process of budget work. Its tasks and requirements are: During the budget preparation stage, the state budget funds should be reasonably planned to achieve internal and external correspondence. ^[1]

Budget management refers to the

1. Make a plan. The budget helps managers determine feasible goals by planning specific actions, and enables managers to consider various possible situations;

2. Promote cooperation and communication, the overall budget can coordinate the activities of the organization, so that

In budget management, the following situations are often encountered:

Budget is

As the saying goes, all things stand in advance, and no things stand in vain. Comprehensive budget management has become an indispensable and important management model for modern enterprises. It is through the integration of business, capital, information, and talents to clearly define the appropriate decentralization and authorization, which is strategically driven.

Budget management software is divided into

Budget management is divided into two categories, investment budget management and production and operation budget management.

Through budget formulation, to concreteize the goals, it is necessary to further decompose and implement the budget indicators to each responsible department or person responsible. Budgeting provides a standard of control for actual actions; the purpose of control is to achieve the desired goals. In order to carry out effective control, the main attention should be paid to controlling the work effectiveness. In order to achieve the budgeted profit target, the key points of control are sales revenue,

Each functional department within the company is the basic unit of budget management, and is responsible for the budget preparation and implementation of the scope of responsibility of the department.

The principles of budget management include

Issues to note in budget management:

Prepare a budget that reflects reality and avoid overly cumbersome budgets;

Delineate the control responsibilities of the budget and clarify the actual situation of each responsible person

Budget management also has its limitations. The budget is prepared and approved before the budget period. Environmental changes will affect the implementation of the budget. Although budget management plays an important role in business management, it cannot replace all the functions of business management.

The comprehensive budget reflects a specific future period of the enterprise (usually no more than one year or one

The budget system includes

1. No budget;

2. There is only budget preparation, and no overall management process such as control analysis and assessment is performed;

3, the tiger head and tail, began to cheer up, silent before the middle of the year;

4. Take two extremes: either set too high to perform, or set too low without motivation;

5. Just stay at

In enterprise management, whether the enterprise's budget is effective and whether it is conducive to achieving the ultimate goal of the enterprise, the key point is the implementation of the budget. Therefore, the enterprise manager should pay special attention to the management during the budget execution process when conducting budget management. The Boss magazine briefly introduces how to manage the budget of the company:

1. Maintain a consistent budget

Once the budget is set, it should not be easily adjusted. Because corporate managers generally base their assumptions on the preparation of budgets, if there are changes in the assumptions that they rely on, the budget will be biased. Therefore, in the initial stage of budget preparation, special attention should be paid to the budget. Generally, adjustments should not be made if, in the future, events that occur during the execution of the corporate budget fall within the scope considered in the previous budget preparation. Generally speaking, corporate managers should not adjust their budgets easily, unless they are affected by uncontrollable factors, which have a greater impact on the implementation of the original budget of the company, and can only be adjusted after approval by the corporate manager and decision-making department . Under normal circumstances, companies adjust their budgets every six months, which is not easy to be too frequent.

2. Maintain real-time monitoring of budget execution

Management during budget execution should focus on real-time supervision of the execution process. Generally speaking, the process or result of budget execution reflects whether the budget is effectively implemented and implemented. Therefore, enterprise managers' evaluation and inspection of budget execution should not wait until the budget execution is over, but should implement supervision during the entire budget execution process. In the implementation of the budget, we should strive to supervise the entire process in a timely manner, analyze the deviation of the budget execution, analyze the cause of the deviation, trace the root cause, find out the cause of the deviation, and explore improvement measures. Only in this way can enterprise managers more accurately grasp the effect of budget execution, grasp the implementation of various programs, prevent mistakes in a timely manner, and avoid further expansion of errors or losses.

In addition, during the implementation process, attention should be paid to the measures taken after the evaluation of the work. Many enterprise managers will link the results of corporate budget implementation with the performance of relevant personnel when performing budget management. Generally speaking, the implementation of rewards and punishments should be carried out in stages, and should not be rushed or implemented in one step because of the staged results. It is not equal to the result of the overall work; generally speaking, the good results achieved by the enterprise in the implementation process should be rewarded in time to increase the motivation of the staff, and the flaws in the work should be investigated and analyzed based on caution Punishment unless the cause is found.

Budget management is an important part of corporate financial management, which is conducive to timely and accurate response to information. Enterprise managers ultimately promote the enhancement of corporate value through budget management.