Creating a good budget is not as easy as putting a few figures on paper or a spreadsheet. You have to be intentional. To get started, below is a simple, step-by-step process to create an accurate budget for small businesses.
Many businesses unknowingly expose themselves to fraud. Weak financial controls, unchecked processes, or even overconfidence in the wrong people can create easy openings for fraud. It’s frustrating, but the risk is real.