Unlike a master budget for a small business, a functional budget is a document that applies to a limited area of the company. The word "functional" does not mean that the budget works, but that it ...

Team budgets are forecasts of revenues and expenses, usually on a monthly basis for up to a year. A budget helps small-business managers make resource allocation decisions and identify and plan for ...

Microsoft Excel is a full-featured spreadsheet application with plenty of features for managing data. With its robust functions and commonly used calculations, it’s also a solid money-management tool.