1Define budget objectives/goals
Importance: Standard
Due: 3 working days after task start date
Set overall objectives that should be considered as budgets are set for this financial year.
2Upload financials
Importance: Standard
Due: 3 working days after task start date
3Review current financial status
Importance: Standard
Due: 2 working days after step 2
See above step for uploaded financial information.
4Draft expense budget
Importance: Standard
Due: 1 week after step 3
Create a step for each person who has to submit data for client billing purposes.
This will enable a notification to be emailed to the correct person on a monthly basis, requesting the billing data.
4.1Draft income budget
Importance: Standard
Due: after step 4
5Review draft budget
Importance: Standard
Due: 2 days after step 4
Please review draft income and expense budgets:
Draft expense budget: {expense_budget}
Draft income budget: {income_budget}
6Approve draft budget?
Assigned to: Leadership team
Due: 2 days after step 5
No → Loop to Step 4
7Document budget decisions
Importance: Standard
Due: 1 week before task is due
Are there any parts of the budget to be held back until certain financial targets are reached?
Add a link to your goals and target area.
8Implement budget
Importance: Standard
Due: on task due date
Publish your budget and share with the relevant department heads.
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