Budgeting & Forecasting › The Budgeting Process

What is a budget manual?

Intermediate

Answer

A budget manual is a document setting out the instructions, responsibilities, formats, timetables, and assumptions for preparing the budget. It standardizes the process across the organization, clarifies who does what and when, and ensures consistency and comparability of departmental submissions.
Real-world example The budget manual tells each manager the templates, deadlines, and inflation assumptions to use for their submission.

Common follow-ups: What does a budget manual standardize? | Why include a timetable?