Financial Reports and Records

What is a budget?

• A financial report

• A listing of projected expenses and income

• A list of money items

Budgets can be created

• Daily

• Monthly

• Quarterly

• Annually

• All of the above

This shows the revenues, expenses and net income for a period of time.

• Budget

• Balance Sheet

• Cash Flow

• Income Statement

This shows the assets, liabilities, and owner's equity.

• Budget

• Balance Sheet

• Cash Flow

• Income Statement

This shows the incoming and outgoing cash

• Budget

• Balance Sheet

• Cash Flow

• Income Statement

Shows charge for goods or services

• Statement of account

• Sales invoice

• Income statement

This is multiple invoices

• Statement of account

• Sales invoice

• Income statement

This is submitted to purchase items

• Quotation

• Purchase Requisition

• Voucher

• Petty Cash

This is used to make a payment for larger purchases.

• Quotation

• Purchase Requisition

• Voucher

• Petty Cash

This is used to make a payment for smaller purchases.

• Quotation

• Purchase Requisition

• Voucher

• Petty Cash