A Simple Example of Zero-Based Budgeting
Whether you are considering zero-based budgeting for the first time or have an existing zero-based budgeting process in place, there are several key factors to consider. Deloitte’s digital approach to zero-based budgeting can help you decide whether it is right for your organization.
Costs to consider
Whether you’re just starting out or are looking to make your money work harder for you, zero-based budgeting can help. It can give you an idea of where your money is going, as well as show you where you can make cuts. It’s also a great way to see how much of your income goes toward taxes.
When creating a zero-based budget, you will need to figure out what your needs are. For example, if you work a commission job, your income is dependent on sales. This means that you’ll need to determine how much income you’ll bring in, as well as what your …
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