It’s time for better budgeting

Budgets are important. They help our organisations to understand what resources they have available. They give us the opportunity to plan what we want to do and how we’ll pay for it. And they allow us to see how we’re doing as the year progresses. But let’s be honest: The annual budgeting process is a monumental pain in the backside. There must be a better way.

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Why going over budget isn’t always your fault

Budgets are important. They allow an organisation to understand where its financial resources are coming from and to prioritise where they will be spent. They also act as an early warning system if things aren’t going according to plan. So overspending against your budget can be a problem. But it isn’t necessarily your fault. And here’s why. Continue reading