At some level, however, your budget will need to include the following: How specific and complex the actual budget document needs to be depends on how large the budget is, how many funders you have and what their requirements are, how many different programs or activities you're using the money for, etc. It is important for organizations to create accurate and up-to-date annual budgets in order to maintain control over their finances, and to show funders exactly how their money is being used. It can be daunting to start the process of creating a budget, especially if you're not familiar with some of the common accounting and budget terminology you will encounter, so we have provided a glossary of terms covered here, located toward the bottom of the page under the In Summary section of the page. What are the elements of an annual budget? Putting it all together: Creating and working with a budget documentÄownload the Program Based Budget Template mentioned in this video here.Planning and gathering information to create a budget.Why should you prepare an annual budget?.What are the elements of an annual budget?.Learn how to create accurate, up-to-date budgets in order to maintain control over finances and show funders exactly how your money is being used.
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