In an increasingly cost conscious world, control over your organisation's income and expenditure is vital. For most successful organisations, this control begins with a budgeting process that sets the scene and forms the basis for the business operation for the year ahead. But for many people, budgeting is a time-consuming nuisance to be endured with as little patience and commitment as is possible, sometimes with little or no understanding of what it entails.

This guide aims to help you to design and implement budgeting procedures that encourage and support good financial management. It will help you to manage your resources more effectively, examine your profitability, and show you how to produce good financial results.